The definition of retirement is changing. Used to be that sometime in your early to mid-60s, you’d retire after spending a career at one company, maybe receive a gold watch, take up a hobby and collect Social Security at age 65. But that’s all changed. Now people are leaving the traditional 9-to-5 and pursuing jobs they’re passionate about in their second act or encore career. If you’re retiring and looking for a second career opportunity, consider becoming your own boss as a franchise owner.
Your Retirement Career
An encore career is a career change that you pursue later in life, typically after you’ve retired from your primary career or reached a certain level of achievement. These career changes often focus on personal fulfillment, making a social impact, or pursuing a passion or interest that you may have placed on hold due to other obligations. This may be in a completely new field, or you may want to utilize your current skill set. This is a time to enjoy personal growth, social engagement, and making a difference in the world.
Usually, this 2.0 job is in the second half of life, at about 50 years old or older — you know, when you’re just getting started! It’s your chance to pursue a position of meaning related to your interests after retirement — and the best part is, you can still earn income. This is certainly a plus if you’re actively saving for retirement or it will allow you to watch your nest egg grow as you delay using retirement savings and reduce financial stress.
Become a Franchise Owner
If you’re looking for one of the best second careers after 50, the answer is franchising. Owning a franchise can be a good option because it provides an opportunity to start a new business with a proven model and established brand.
Franchise owners typically receive support and training from the franchisor, which can be especially helpful for those who are transitioning from a different industry. Often when people pursue a second career, it may require additional education, degrees, licenses or certifications for eligibility.
With most franchises, the training you need to run your business is provided by the franchisor. There’s ongoing support and franchisee networking, and your franchisor is dedicated to your success and keeps you apprised of the latest innovations in your given industry.
Advantages of Franchise Ownership
Owning a franchise has certain restrictions and obligations, but it can also provide many benefits that can make it a more attractive option than starting an independent business, including:
- Brand recognition: Franchises come with an established brand, which can be instantly recognizable to customers, helping you establish a customer base from the start. This can help new franchisees get up and running faster than starting a new business from scratch.
- Market-tested business model: A franchise has a proven business model that has been successful in other locations. It’s your guide for running your business.
- Marketing and advertising: No need to become a marketing expert or hire someone to promote your business. Often, franchisors provide marketing and advertising support to their franchisees, which can help them attract new customers.
- Purchasing power: As a franchisee, you can benefit from the collective buying power of the franchise network, which can help them negotiate better prices for supplies and equipment.
- Operational support: Whether you’re new to business ownership or you’re adding to your portfolio, a franchise can assist with getting your business off the ground. Assistance can come in many forms like learning how to operate a computer system, to providing help with site selection, lease negotiation, construction, and other aspects of running a business.
A “Clean” Fresh Start
If you are looking for a satisfying encore career in a lucrative franchise, consider owning a commercial cleaning business like ServiceMaster Clean. We’ve been leaders in the commercial cleaning business for more than 65 years.
Grandview research reports that the global contract cleaning business was a $343.34 billion industry last year, with an anticipated growth rate of 6.3% from now until 2030. IBISWorld places the value of the industry here in the U.S. at $90 billion.
If you’re looking for a franchise investment that shows great growth potential, commercial cleaning is a high-demand service with great profit potential. In the wake of the COVID-19 pandemic, there’s a heightened awareness of sanitation in public spaces. Businesses and organizations want to maintain clean and safe environments for employees, patrons, and customers — which increases demand for our services.
Encore Career Made Easy
The franchise process is simple and efficient with ServiceMaster Clean. Here are a few of the benefits of ownership:
- Low startup costs: Starting a commercial cleaning business doesn't require a large capital investment, which makes it an attractive option for those who are retired or looking to transition into a new career.
- Flexibility: As the owner of a commercial cleaning business, you have the flexibility to set your own schedule and work as much or as little as you want. This can be particularly appealing for those who want to continue working but also want to have more control over their work-life balance.
- Recurring revenue: With ServiceMaster Clean, you build a great customer base. Your clients sign up for your services on a daily, weekly or monthly basis which means that you can build a stable and predictable stream of revenue. This can be especially beneficial for those who are looking for a steady source of income in retirement.
- Opportunity for growth: As your business grows, you can expand your services and take on new clients. This can provide opportunities for professional development and personal fulfillment, as well as financial rewards.
Your encore career is a click away. If you’re ready to be part of high demand industry, with great profit potential, let’s get started .