May 8, 2020 5 minutes read Viewpoints expressed by Business owner contributors are their own.

In franchising, most companies understand how to get ready for seasonality, worker turnover and economic slumps. However no

experience, technology skills, management style and a determination to follow systems). If they are unable to return to their previous positions, or are leery of returning to the business world, these individuals are naturally going to be trying to find practical alternatives to attend to their families and futures. Franchise ownership may be a natural suitable for much of these displaced experts.

Related: The Leading 20 Franchises of 2020 From the Entrepreneur Franchise 500 Capital Franchise

ownership is, of course,

not the answer for all people who discover themselves unemployed. Probably, franchising will be attractive to those who have a savings, a severance plan or other financial resources they can tap to buy a franchise. The approaching months should supply greater access to providing for these future franchisees. Low-cost capital is offered now in combination with government programs to support small business growth. The growing list of incentives from the SBA will help motivate small business development, just as it did throughout the

RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.