During the past several decades, franchising has become not only a uniquely American institution, but also one of the leading doorways into small business ownership in America. Every year, thousands of individuals choose to get into business ownership via the franchise route.
But is going the franchise route really a better choice than starting your own business? That’s something you’ll need to answer for yourself. But it is worth the time and effort to find out. To make the right choice for your own situation between starting a business and buying a franchise, as well as which franchise to buy, requires careful research. It’s a big investment on your part, and you must investigate before you put up the money.
According to the International Finance Association, franchised businesses are growing at a rapid pace. Some 400,000 franchised businesses now employ nearly 10 million people with a payroll of $230 billion. There’s always a hot new franchise on the scene. Curves, for example, a network of franchised women-only fitness centers, grew nearly 38 percent in a single recent year.
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