The business model of franchising has been called one of the greatest ever developed. Its popularity has to do with its proven track record of success, and the relative ease in which people can become franchise business owners. Franchising contributes a sizeable amount of dollars to the U.S. economy, and some of the data that I’ll be sharing with you here will bear that out.
It used to be that folks would graduate from college, land a well-paying corporate job, and move up the ranks in the company until it was time to retire. Those were the days…. Today, people are graduating and landing corporate jobs, but they’re finding themselves out of that job 4 years later. (According to the Bureau of Labor Statistics, the median number of years that wage and salary workers had been with their current employer was 4.4 as of January 2010.) Is it any wonder that we’re seeing more and more people take a serious look at other career alternatives, including franchise ownership? Read full article.