With the unfavorable employment landscape, plagued with part-time and temporary positions, unpromising opportunities, and high competition for the few openings available, more job-seeking parents and children are becoming business partners to take control of their professional futures through franchising. The Entrepreneur’s Source hosts educational webinars to help aspiring entrepreneurs learn how to start building the blueprint to reach their desired Income, Lifestyle, Wealth, and Equity. Visit www.theentrepreneurssource.com/franchise/to get started.

1. The Entrepreneur’s
Source
PARENTS AND COLLEGE GRADS TEAM -UP
TO PURSUE FRANCHISE OWNERSHIP

2. Index
 Intro
 Rising Unemployment Rates
 Parent/Child Partnerships
 Contact Us

3. Intro
With the unfavorable jobs landscape, plagued with part-time and temporary positions,
unpromising opportunities, and high competition for the few openings available, more jobseeking parents and children are becoming business partners to take control of their
professional futures through franchising.

4. Rising Unemployment Rates
According to the Bureau of Labor Statistics, the average length of unemployment for workers
over 55 has risen to more than a year. What’s more, a recent analysis by The Associated Press
found that 53.6 percent of those with bachelor’s degrees under age 25 were jobless or
underemployed, a 12.6 percent increase in the past decade.
“A vast majority of today’s unemployed baby boomers are seasoned executives with severance
packages who are now looking for new ways to invest in their future. This trend, coupled with a
bleak job market for today’s college graduates, has led more and more parents to partner with
their children and invest in themselves by opening a franchise,” said Terry Powell, founder of
The Entrepreneur’s Source, the nation’s leading career and franchise business coaching network.

5. Parent/Child Partnerships
Parent-child partners find franchising to be a lucrative vehicle to entrepreneurship because it offers
easy-to-follow systems and combines the many benefits of business ownership with a brand name,
experience, proven operating system, and ongoing guidance and support provided by an established
franchisor. Prospective entrepreneurs are also attracted to the countless types of franchise business
opportunities available.
“Finding a franchise concept that allows everyone to leverage their skill set is imperative when
identifying the right opportunity for a multigenerational partnership. Even if the parent isn’t fully
engrained in the business – leaving their child to run the operations – they should still have an
interest in the concept and be able to utilize their experience or skills to provide support,” Powell
added. “When everyone is active in the business, we often find the parents handling jobs that require
local connections while the children take care of day-to-day operations and online marketing.”
The Entrepreneur’s Source hosts educational webinars to help aspiring entrepreneurs learn how to
start building the blueprint to reach their desired Income, Lifestyle, Wealth, and Equity. Visit
www.theentrepreneurssource.com/franchise/ to get started.

6. Contact us
 800-289-0086
 http://www.entrepreneurssource.com/blog
 blog@theesource.com