Franchise Jobs And Tax Attacks In A October 19 Franchise Roundup

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Today, it’s time for PointBlank’s weekly news roundup. Enjoy!

Franchises An Elixir For Unemployment?

There’s no magic cure for the country’s ongoing unemployment problems. Let’s get that out of the way, because it needs to be said. Anyone who claims otherwise is a snake oil salesman, and really, what the hell are you going to use snake oil for?

There are signs that franchises are the next great generator of jobs, however. With many unemployed and frustrated with the hiring market, an increasing number of workers are turning to entrepreneurship to get their careers re-started:

Starting a company can be daunting. Some entrepreneurs have made the process easier by buying a franchise business. But they still have challenges. There’s a steep learning curve — maybe many learning curves — in making the transition from employee to entrepreneur. It’s a completely different lifestyle, often requiring longer hours. And many new owners are trying to work out personal difficulties while trying to build a business.

There’s a lot of risk attached to going out on your own, but there’s also a lot of reward. In today’s job market, it might be the smartest move of all to make something happen on the strength of your own talents.

IFA Pushes Hard For Tax Reform

In a related discussion, the International Franchise Association is pushing hard for a comprehensive review and transformation of the American tax code, especially as it targets entrepreneurs and small businesses. This is not particularly surprising, perhaps, but it’s worth noting given the relatively narrow scope of tax talks on Capitol Hill. Jobs are understandably dominating the talk right now.

Steve Caldeira, the IFA president, shared his thoughts on the matter with Fox Business:

“While IFA supports a lower payroll tax rate for employers, we strongly believe a more comprehensive approach to tax reform that includes permanent cuts to both the individual and corporate tax rates is the only way for our members to truly make long-term decisions about growing their businesses and creating new jobs.”

My thoughts? It’s a good approach. If you cast a wide enough net—even knowing you won’t be getting everything you ask for—you’ll get more than you would if you were to just kind of throw a dart at one tax reduction and push it hard. In that case, you can walk away with nothing.

It’ll be interesting to see how successful this push really is.

Medical Franchisees, Listen Up

Turns out this is a prime time for equipment lending in the medical field. We have more.

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