When times are tough, buying into a franchise may be a good option. While many businesses are suffering from the economic downturn, some franchises are performing well during these tough economic times. Here are some reasons why buying a franchise during a recession may be a good move.
The former basketball superstar turned mega-entrepreneur Earvin “Magic” Johnson is a firm believer of franchising. In fact, he runs various franchises from Burger King to Starbucks. Yes, Starbucks — where the franchising option is closed to mere mortals but open to someone like Magic (Magic Johnson is its only partner, actually) In his book “32 […]