Executives at iFranchise Group, the nation’s leading franchise consulting firm, believe that now is the right time for business owners to consider expanding their businesses.
After facing immense challenges over the last two years or so, including slipping home values, rising unemployment rates, and slumping spending levels, many believe the U.S. economy is finally turning the corner and improving. Numerous industry sources and media outlets now report that in 2010, most industry sectors see improved consumer confidence and spending – though still not where it was prior to the recession – appears to be making a comeback. There are even signs of business lending loosening, after a months-long credit crunch.
“Traditionally, franchising thrives in a recession economy,” said Mark Siebert, CEO of iFranchise Group. “The sustained high level of unemployment that we are seeing in today’s marketplace is already creating huge opportunities for franchisors, and as credit begins to ease further we expect to see a real boom time in franchise sales.” Read more.
