Many senior workers in their 50's and 60's are finding themselves out of traditional corporate jobs and unable to find a new job.
The reasons vary; too close to retirement, lacking skills with emerging technology, too expensive relative to younger people; lack the intensity of the younger generation.
Whatever the reason you may find yourself out of work with no immediate new job prospects, the critical question is how to prepare for contingencies.
Ask yourself... "How long am I willing to wait for that perfect job?" "If that perfect job doesn't come, what are my choices?"
For many, the immediate choice is to go as long as unemployment is available despite the slow drain on personal funds. For others, the choice may be to simply to surrender to a lower paying job.
Still others are choosing to open a new door to self-employment by investing in a fast growing franchise business.
If you are intrigued by the potential of buying a franchise but don't want to pull the trigger quite yet, then consider getting some education while you search for that perfect job.
How do you gain critical education and information about franchising and what options there are for you?
The first step is to engage a qualified business coach who can work with you to evaluate your skills and business capabilities, assess your hobbies and passions and help you identify franchise options that are aligned with your personal interests and financial capabilities.
All of this can be done at no cost to you and while you search for that perfect job so you don't lose precious time. If you are willing to spend 3-4 hours per week for just a few short weeks, you will gain important clarity whether a franchise business is right for you.
Some will never open this educational door because they presume up front that they don't have the financial resources to buy a franchise and lack the skills to run a business.
Don't make the mistake of assuming you are unqualified too soon. If you have some funds, a good credit rating, a 401K or other assets you may well be capable of moving forward. And many franchisors offer some financing for interested investors.
The key is to take the time to get the facts about a franchise. See what is available while you do your job hunting. This process will assure you make a good decision regarding your future and ultimately enjoy and thrive during the final years of your career.