Ouch! The latest unemployment statistics have just been released and the outlook is anything but rosy. While there are signs the economic downturn has begun to bottom out, employers are showing increasing restraint in new hires and layoffs are continuing. Instead of looking for a job, have you ever thought of creating employment opportunities, for yourself and for others? Some franchise opportunities are showing impressive staying power even in the face of the current recession. So if owning your own business is your dream, take a look at some of these options:

• Senior Services – The Baby Boomers are hitting their Golden Years, and with this development comes a predicted increase in the need of everything from adult housing, transportation services, home retrofitting, and geriatric care management.

• Repair Services – Money is tight and credit is tighter – rather than buy a new car or shop for a new home, people and businesses are looking to repair or refurbish rather than spend on new, big-ticket items.

• Temporary/Part-time Employment Services – Reduced corporate revenues have forced many employers to cut full time jobs, however there still is work to be done – that’s where temp agencies come in. Services with a roster of qualified, motivated pros available for short-term assignments report brisk business.

• Hair Care/Salon Services – This is a highly competitive arena, but no matter what the shape the economy is in, people still need to get their hair cut – and many salon services come under the heading of ‘affordable luxuries’ that are real treats for consumers during tough economic times.

• Education – Even in a recession, parents want to provide the best possible education for their kids. Franchises that provide tutoring to help increase academic performance or give students ‘extras’ like enriched arts programs or second-language tutorials are all solid choices.

• Entertainment – The Great Depression of the 1930s launch a Golden Age of cinema. With money tight, look for opportunities that provide affordable entertainment.

• Tax/Accounting/Financial Planning – Tough times make for tough financial decisions and services providing financial advice and services that can help people manage their money wisely are a solid investment choice.

Of course, as in any business venture, there are no absolute guarantees for success. If you are considering purchasing a franchise business, do your homework. Talk to other franchisees and don’t hesitate to ask tough questions. Ask to talk to some of their employees. Local business associations and credit rating services can give you an excellent snapshot of the parent company. Review business proposals and franchise agreements with a knowledgeable, experienced accountant and attorney. There are also business consultants who specialize in franchise deals.

Today’s business climate can be a slippery slope, so be prepared. The more you know, the better questions you’ll ask and the better judgments you’ll make. Get some solid business courses under your belt. Top-Colleges can help connect you to business programs that fit your needs. Yes, it is important to get solid advice from professionals, but having a good business education gives you the tools to build a solid success.