FRANCHISE ADVICE
FRANCHISE ADVICE
A bright future
Tim Harris on turning redundancy into opportunity for self- employment through franchising
R 14
edundancy is not a modern phenomenon. Recessions date back to the year 1430 and at each
occurrence, swathes of hard workers have lost their jobs. Covid-19 is set to trigger a recession in an already turbulent economy and as a consequence, many industries are incurring reactive redundancies. Without sounding glib, I prefer
to call recessions ‘reset sessions’, as they provide people with the headspace to think about what they actually want from their career. Perhaps they’ve always hated their commute; maybe
they’ve continually been ignored for promotion or might even think their skills lie best outside the industry they currently service. For many, being made redundant will be the push they need into self- employment, setting the conditions to think like an entrepreneur. However, for those who still want the reassurance of continual lead generation and the support of a head office function – which is increasingly important when the future looks a little unclear – franchising bridges the gap. It's often the case, though, that people don’t know quite where to begin. To help you on your way, here’s a few pointers for your personal re-set:
1. Accept that redundancy is out of your control
Whenever you meet someone new, you’re usually asked ‘what do you do for a living?’. Being made redundant can create loss of identity, of self- esteem even. You don’t want to be the person who says: ‘I’m currently out of work’, especially if the situation was completely out of your control. In the short-term future at least, because of coronavirus, hearing this is going to become very normal; there is zero shame to losing your job because of a pandemic. Not being able to provide for your family is a daunting prospect, and that’s why many who are made redundant have
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