First Choice Business Brokers (FCBB) rapidly increased their growth rate of affiliated franchise units within the last quarter of 2008. With four newly awarded franchisees, now having 21 in total, the Nevada Franchise Company exceeded expectations. Not only has the established franchise model grown in appeal to entrepreneurs, FCBB also enhanced their system to approach more potential franchisees. “Aside from our established model – namely franchisees opening a firm and building a team of associates – we integrated a new way of starting upâ€, states Jeffrey Nyman, CEO of FCBB, and explains: “Now we offer entrepreneurs willing to found a company, the possibility to start with a more modest figure which means they can start their business at a lower overhead, single person enterprise, making FCBB accessible to a broader group of entrepreneurs.”
Many entrepreneurs take this possibility to start small with a low royalty and await the business getting started and first transactions to be completed. Their strategy is to expand their activities step by step. “We have learned that many franchisees don’t wait long to raise their licence agreement once they see our concept works out wellâ€, comments Jeffrey Nyman. FCBB expects this trend to continue in 2009 not only in the US but also in the new European markets being developed.
