Faced with diminished job prospects, millennials are increasingly partnering with their parents in the franchising world. The result? Wholly new family businesses— and stronger family ties.
On the ride home, he asked his son to join his franchise team. It turned out to be a great idea. That was five years ago. Today the father and son own three pizzerias in the Omaha area, with a fourth on the way. While Jon S. handles strategy and long-term planning, his son is in charge of the day-today operations of the stores.
The Crowes are not alone. While it seems like a recipe for disaster (kids listening to their parents? yeah, right), franchise brokers and franchise brands report that increasing numbers of parents and their children are going into business together and enjoying fantastic success.
TALKIN ’BOUT OUR GENERATIONS
This story is from the Startups Fall 2016 edition of Entrepreneur.
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This story is from the Startups Fall 2016 edition of Entrepreneur.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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