What do you do when the next rung of the corporate ladder isn't enough motivation for you? These entrepreneurs transferred their climb to the world of franchising.
Fed up with being the VP of marketing? Done with your days as the director of technology? The upheaval in the economy has brought layoffs and uncertainty, devalued portfolios and a feeling that no matter how hard you work in the corporate world, you may not have as much control over your career as you'd like. And all these factors have led to one trend: an increase in professionals leaving their corporate digs to try their hand at franchising.
"Since the Internet bubble burst, we've seen a dramatic increase," says Jeff Elgin, founder and CEO of Eden Prairie, Minnesota-based FranChoice Inc., a company that provides free consulting to consumers looking for a franchise. "A lot of people have been downsized two or even three times over the past 12 years, and they're sick of it." So sick of it, in fact, that they're moving into franchising with the hope of controlling their own destiny and not being at the mercy of someone else's balance sheet.
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