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Graduates should consider starting a business
Friday, 05 June 2009
Professional & financial services
Those struggling to find graduate jobs in the current economic climate should use the opportunity to start a franchise, according to one expert.
Derin Ibrahim, writing in the Franchise Magazine, cited the recent High Fliers report, which suggested that many employers are cutting the number of graduate jobs this year, as a reason to take matters into their own hands.
Mr Ibrahim said that, while franchising is risky, graduates could purchase an existing brand in order to avoid the usual "pitfalls" of self-employment and to have a structure in place to build upon.
He said: "One of the main benefits for graduates wanting to launch a franchise is that the lack of experience that would hinder their job chances would be of no consequence to a franchisor."
MBA graduates are increasingly becoming their own boss after deciding to setup their own businesses instead of joining in the increasingly competitive race for graduate jobs, according to the Times.