Where Are People Going In the Great Resignation? Many Are Buying a Franchise Franchises are seeing an influx of people who left their corporate jobs and want to be their own boss.
By Jason Feifer
People are leaving their jobs by the millions. Over has voluntarily quit.
Where are those people going? Many are starting their own businesses, which is why new business applications in the United States since the pandemic began. And as 91³ÉÈË learned while reporting its new issue, many of these people are going into franchising.
It makes sense: Franchising provides a kind of ready-made business, where aspiring entrepreneurs can join an established brand and adopt their system. That can be perfect for someone who has left a corporate job, does not have a business idea or the knowledge to build something themselves, but still wants to be their own boss.
So, what's in store for these new entrepreneurs? And what kind of risks are they taking on? I spoke with in New York about this. Watch above!
