There’s an idea out there that franchising is this sort of second career around retirement age, but that’s not always the case. Yes, in some instances, after someone has put in their 25 or 30 years or more punching the clock and sent the kids off to college, they want a change in career and the chance to really influence their own earning potential. And then there are those people who are just getting started in a career when they look around and realize it’s not right for them—maybe they want more flexibility so they can spend time with their kids, maybe they find the their job boring or stressful, maybe they don’t see enough in their paycheck.
There is no right or wrong age or time of life or career to pursue a life passion, make an investment, or make a difference in the lives of others with your product or service.
The 2013 Global Entrepreneurship Monitor found that for both men and women, the highest percentages for starting a business were early to mid-career or from about 35-44 years of age. “Societal attitude measures show that 55-64 year old are equally likely as younger Americans to see entrepreneurial opportunities,” the report noted. In other words, just because someone is in his or her early 40s doesn’t mean they aren’t ready to start a business like someone with more experience.
What are you doing right now? Whatever it is, chances are you have acquired some skills that will lend themselves to running a business. You don’t have to have business ownership experience to run a franchise business. What will benefit you is knowing your strengths and weaknesses so that you can hire the right people.
Many of the franchisees at Homewatch CareGivers walked away from careers in banking, marketing, and manufacturing. Why? They didn’t feel fulfilled, they wanted something more, they wanted to make a difference with their work, they wanted to create jobs in their community, and many other personal reasons.
Take for Example…
Breanne Stuart, owner of Homewatch CareGivers in Ann Arbor, Michigan, worked as a commercial lender in banking for five years before she realized she wanted something else. “I knew this was something that would get me up in the morning on a daily basis because I knew the impact that it made in my own family’s lives,” she says of choosing to become a franchisee while in her early 30s.
Jeffrey Keech, owner of Homewatch CareGivers in Garland, Texas, worked in IT and software engineering for about 20 years before he started looking around for other opportunities. “Although I did well, I wanted to do something more meaningful on a personal level,” he says.
View this video to hear from Reena Sharma who chose to make the mid-career leap: