Most people made redundant will have worked hard and effectively for their employers.
Chandler's Ford, Hampshire (PRWEB) August 13, 2009
Redundancy victims launching their own companies to escape the UK's record rise in unemployment are being warned to seek expert help first, reports SelectYourFranchise.com.
Start-up entrepreneurs are more likely to succeed in self-employment if they follow tried and tested methods.
Successive British Franchise Association National Franchise Surveys reveal that at least 90 per cent of franchise owners run profitable businesses.
Select Your Franchise Managing Director Nick Strong said: "Most people made redundant will have worked hard and effectively for their employers."
"So it is an undeserved shock when an effective worker loses his or her job in a recession. People understandably feel very let down."
"Exiting unemployment into self employment may be a valid option for many people."
But there are risks involved with running a business - and one of the best ways of minimising them is by investing in a successful franchise opportunity.
This is achieved by franchise owners following their franchise brand's proven system.
Franchise brand owners also provide ongoing training and field support for their franchisees.
Successful franchise entrepreneurs should be:
- self-motivated and able to direct themselves and others
- capable of replicating proven systems and brands
- supported by their families and friends to help cope with "the ups and downs of running a business"
- able to secure sufficient start-up and operating capital
- able to identify their strengths and weaknesses - people skills, financial skills, leadership skills.
Mr Strong said: "Clearly self-employment is not right for everyone. There is risk in self employment but there is plenty of risk in employment too, as many have experienced."
Latest unemployment figures for the UK reveal a record rise of 281,000 to 2.38 million for the three months to May 2009.
Britain's unemployment rate increased to 7.6 per cent, its highest level in 10 years, according to the Office for National Statistics.
For more information on the UK's franchise sector, contact Select Your Franchise Managing Director Nick Strong, +44 (0)23 8027 5710.
Notes For Editors
Select Your Franchise UK Ltd
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Select Your Franchise has helped thousands of new business people find their chosen franchise opportunities since its launch in September 2002.
Many have found their ideal franchise and are now developing their own franchise businesses.
Select Your Franchise is an ideal resource for anyone considering starting a new franchise business. The company can also provide helpful legal and business information relating to franchise businesses.