If knowledge is power, then you can gain great power indeed if you simply know what business opportunities to take advantage of and which ones to let pass. In an effort to determine the truly golden opportunities in franchising, AllBusiness.com has a list out that highlights AllStar franchises.
The list, released on Feb 14th at the 49th annual IFA Convention, ranks the top 300 franchises for 2009. But, this is not just a knock off of the Franchise 500 conducted annually by Entrepreneur Magazine. The AllBusiness.com franchise list methodology gauged several factors that include growth rate, financial strength, longevity rank and web visibility rank. What came of the effort is a list that AllBusiness boasts as “the most transparent and interactive ranking of its kind.â€
Rieva Lesonsky, the Franchise Advisor for AllBusiness.com and longtime Editorial Director of Entrepreneur Magazine, say’s the list is the future of franchise rankings. “I think this is really the next generation of franchise listings. It takes into account the list that any list would. But it also takes into account a financial strength so you know how truly strong financially this company is.â€