One of the biggest headlines in all newspapers and magazines across the country – not to mention the “Money Talk†that covers television shows and the mighty Web – is the world of franchising. The beauty of franchising is taking center stage, unveiling to all who listen that after a few bleak economic years, franchises can look forward to growth in 2012. That is great news for the beleaguered economy, given the franchise industry’s contribution to hiring as well as profits.
Expecting to add over one hundred and fifty thousand jobs in the franchising ‘world’ next year, the total number of jobs in the industry could reach over eight million (International Franchise Association reports). The number of franchise businesses will increase by 1.9%, or 13,928 establishments, and the sales of franchise businesses will grow by 5%, or $37 billion, for a total financial output of $782 billion.
Carry on reading this post.