The Franchise Woman May/June Issue

Page 30

Feature

Shifting to a

Home-Based Business in the Time of COVID-19 by Susan Scotts Right now there are so many unknowns for our future and so much fear, uncertainty and doubt in the world. Many people have been furloughed, laid off or let go by their employers. According to The Wall Street Journal (WSJ), “The coronavirus pandemic will cause a severe economic contraction, 14.4 million job losses and a spike in the unemployment rate this spring.”

omists, it is predicted that the unemployment rate will hit 13 percent in June this year and still be at ten percent in December. To give you an example, the jobless rate in March was 4.4 percent. The world, and employment, as we know it has shifted. SHIFT HAPPENS. But we have to remember that it is not what happens to us, but how we react to it, that is truly important.

In a WSJ survey of business and academic econ-

Perhaps you have always wanted to work for

30 The Franchise Woman

yourself or would like to learn how to become more self-sufficient. By leveraging a proven system of doing business, also known as a franchise, you can! There are many low-investment, excellent opportunities that will allow you to leverage your talents and background which are either homebased or virtual. These businesses will allow you the flexibility to be there for your children and your family, to take time to travel, and to do what you want when you want to.


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