Why More Finance Professionals are Starting Their Own Businesses

Why More Finance Professionals are Starting Their Own BusinessesWhy More Finance Professionals are Starting Their Own BusinessesBy FranchiseHelp.comIts hard to escape the high volume of human interest stories profiling people who left the banking industry to start their own business. Why are so many financial services professionals abandoning the field to venture out on their own? Often, they cite reasons that include1. The Economy (Of Course)Lets face it Working in the financial sector isnt what it used to be. Huge bonuses are harder to come by, and job security isnt so secure anymore. Starting your own business means that when a sale is made, the profits are yours. Its your risk, so you reap the reward when you take advantage of great franchise opportunities or an idea for a new product or service.2. To Find Work-Life BalanceYes, starting your own business is time-consuming but by working from home or enlisting family to help out at your new establishment, there is still more oppor tunity for togetherness. As the boss, you can bring kids to work when necessary or have an employee hold down the fort when you need to attend a school event, referee a soccer game or play chauffeur. Owning your own business can often be a win-win for many family-focused professionals.3. To Choose their Own ColleaguesOften, financial services firms are staffed by confident people with strong personalities. Thats great for business, but notlage necessarily an advantage for forming pleasant work relationships. For finance professionals accustomed to butting heads with colleagues, starting a business is a great opportunity to choose ones own co-workers. Except in this case, co-workers are employees and they can perform the tasks you prefer not to.4. To Try Something NewFor those with an investment background, there can be something exhilarating about taking a risk on a new venture. If youve helped others determine how to invest their money, you understand what makes a wise business de cision and what doesnt. In effect, many finance professionals are uniquely qualified to start their own business, whether its an independently owned establishment or one of the countless franchise opportunities with proven, established business models.5. To Start OverFor bankers, investors and others who have taken big hits over the past few years, starting a new business is appealing for a singular reason the opportunity to start fresh. Many are launching their own boutique firms, while others are heading in the opposite direction to pursue an entirely different industry retail, fast food, fitness. Any of these can be highly profitable, particularly when backed by the talents of an experienced finance professional.FranchiseHelp.comSince 1996,FranchiseHelp.comhas been the leading resource for information on franchise opportunities and has helped thousands of people go into business for themselves. The company welches recently named by The Wall Street Journal as one of the most usefu l sites for entrepreneurs. Follow FranchiseHelp on Twitter FranchiseHelp and visit the blog at franchisehelp.com/blog