To the Downsized Oil and Gas Employees of Houston, You Have Alternatives

It’s not a layoff if you view it as a career transition…

The city of Houston, fourth-largest in the U.S., has always been synonymous with the oil and gas industry. Known as the “Energy Capital of the World”, it’s home to over 500 oil and gas firms and employs nearly a third of the nation’s jobs in oil and gas extraction. Locally, thousands of support companies and hundreds of firms serve in some form of industry support capacity. And while the oil and gas industry has always been subject to boom and bust cycles, multiple factors this time around have many employees bracing for the worst. 

Market volatility, a foreign price war, overleveraged debt ratios, and finally—the COVID-19 pandemic have left Houston’s mainstay industry in crisis-mode. The bankruptcy filings and subsequent layoffs have begun in earnest and are certain to continue through the remainder of 2020 and beyond.

But Houstonians affected by oil and gas industry layoffs and downsizing need to know they do have alternatives. Career transitioning, a much better term, should be used as a time of reflection, assessment, and planning. And not just to narrowly review your options, but to explore and expand your alternatives—possibly even outside the energy sector. Franchise ownership is an entrepreneurial option and one you should consider.

The locally owned and operated franchise consultancy, FranNet of Houston and the Gulf Coast Region can introduce you to a new path—starting a business of your own. While franchise ownership as a career choice may not be on your current radar, we offer a no-cost, no-obligation opportunity to educate yourself on the possibilities and benefits of becoming your own boss.

Did you know that many of the professional skill sets and competencies common in the oil and gas industry are directly transferable to multiple franchise business concepts? Would you like to discover which business ownership opportunities are the right fit for you? FranNet of Houston and the Gulf Coast Region can help provide the answers.

The path to business ownership—where you control your destiny, flexibility, and income potential is open for your consideration. You just have to take that all-important first step.

Click here to connect with me, Diana Trondsen, Market President, Franchise Consultant serving Houston and the Gulf Coast Region of Texas.  I have over 20 years of franchising experience and am intimately familiar with the Greater Houston market.  To schedule a no-cost, no-obligation appointment, you can call, email, or attend one of my upcoming webinars.

Jul 15, 2020