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Is the Oil, Gas Downturn a Franchiser's Market?

by Valerie Jones
|
Rigzone Staff
 | Tuesday, August 16, 2016 | 5:46 AM EST
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Is the Oil, Gas Downturn a Franchiser's Market?
In the midst of a two-year long industry slowdown, some displaced workers have found success in business ownership outside of oil and gas.

MacLeod hasn’t completely ruled out returning to the industry. Though he said he doesn’t miss oil and gas, he meets with colleagues every now and then to reminisce on the good times in the industry.

“The only way I would return is to travel extensively again. It will give me that chance of freedom since I’d only be working half of the year,” said MacLeod.

Solano, who moved to the United States from Colombia 18 years ago, said his Houston franchise location allows him to help support his family. His brother and sister-in-law work with him at his store.

“At BP, I commuted 15 years to the same complex. Now every single day is different. I do a lot of networking and meet new people,” said Solano.   

He compares venturing into franchising to moving to the United States, something he describes as an adventure.

“My goal now is to make my business successful … so that I don’t need to go back to oil and gas.”


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WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Charles Drobny  |  August 19, 2016
Having owned a small business and run another I realize that the personal dynamics differ considerably from being an employee or executive of a larger company. Its a real paradigm shift and while owning a local franchise may provide relief from travel and family separation it will certainly create other issues. Most small businesses are all-in endeavors that require long hours - very long hours.
David Lewis  |  August 16, 2016
Very interesting article and food for me to re-think my strategy. The oil and gas industry has been my life for 30 years through from an engineer to a senior manager and have worked in most parts of the world some nice, some not so nice. Ive been looking for other positions across the world but now have gravitated to looking for a franchise, Ive investigated a few but nothing has lit the fire, so far, maybe Im looking for the wrong thing and the excitement should be growing the business rather than the excitement of the work. I will continue to look and get back to my franchise agency tomorrow, with a different view.


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