How to Recession Proof Your Career
While the experts debate whether we are technically in recession or not the real question is less about macroeconomics and more about your personal career aspirations. If the looming economic forecast has your industry sputtering out words like Stagnation and Inflation, then the signs are clear you are in a Recession Mindset™.
A Recession Mindset™ is when you only see the risk and not the reward. When you let experts tell you what to think instead of doing your own due diligence. Don’t be fooled by the naysayers and fall victim to a Recession Mindset™. The fact is Entrepreneurship thrives during uncertainty. While the news on CNN, Fox, and MSNBC might be bleak, career ownership remains a great strategy to hedge against an unknown future. Not surprisingly, a recent report from the U.S. Census Bureau confirms it, according to NPR. At least 5.4 million small business applications were filed in 2021, up from a high of 4.4 million in 2020.
So how do you best position yourself to weather an economic downturn? Investing in yourself and building wealth that allows you to be self-sufficient through business ownership. One of the best ways to do this is with a recession-proof franchise.
With a higher success rate than a startup, franchises help eliminate much of the risk that comes with starting a business. There is less of a learning curve, funding is easier to secure, and generating profits can happen quicker. It also gives people a process to follow, and provides training and ongoing support, allowing you to be in business for yourself but not by yourself.
The Entrepreneur Source ® (TES), the nation’s leading Career Ownership Coaching ® franchise, has long been recognized within the franchise community as a top recession-proof franchise. TES has even been recognized by the Franchise Business Review (FBR), a trusted source when it comes to evaluating and rating franchises. FBR rankings are based solely on actual franchisee satisfaction and performance.
FBR’s data shows that 88% of franchisees enjoy operating the business and are likely to recommend TES to others. And even more, telling is that 97% of franchisees feel supported by their fellow owners, exceeding the FBR benchmark by 13%! The data is clear, TES franchisee satisfaction is high.
With close to 40 years of experience, TES leads its industry with its proven business model. For the past consecutive nine years, TES has continued to break its revenue record. This includes a pandemic and resulting economic shutdowns, proving the brand performs well in good times and bad. Low operating costs and high margins (only a computer, phone, and internet connection are needed) contribute to the brands’ strong financial performance representations demonstrated in its Franchise Disclosure Document’s Item 19.
Are you looking toward the impending economic recession with fear? Are you worried you are on shaky ground in your career and financial future? Maybe it’s time you take action and build a future that is independent of the ups and downs of the economy. Maybe it’s time to invest in yourself by becoming a business owner with TES.
As a Career Ownership Coach, in addition to achieving your own Income, Lifestyle, Wealth and Equity goals, you are providing an important service that is helping others do the same. The recession will be far-reaching, and many people will be looking for guidance as to how they too can not only become self-sufficient but also thrive. With TES you will be positioned to offer that guidance, creating personal fulfillment with generating revenue and security.
Contact TES for more information and start your journey today!