Is 2009 The Time To Buy A Business Or Franchise?

About.com:

Over 500,000 Americans lost their jobs in November of 2008, which has become the biggest one-month drop since 1974. Experts say that the nation has lost 1.9 million jobs since the recession began, and predict that 2 million more will vanish in 2009. These are very scary statistics.

If you consider yourself an entrepreneur like myself, you may be thinking about other options for your future. In addition to writing for About.com, I also help individuals research buying a small business or franchise. On our website, you can find many franchises and small businesses for sale.

Business ownership is not for everyone. If you are considering making the switch from employee to business owner, here are a few tips to keep in mind:

  • Cash on Hand – Make sure you have at least 6 months to one year’s salary on hand.
  • Make Your Decision Based on Experience
  • Do Not Choose a Luxury Item or Service

Photo by Marc van der Chijs.

Leave a Comment

Your email address will not be published. Required fields are marked *