When I write about franchising, 90 percent of the time it’s about buying franchises, researching franchises, and updating folks on the latest franchise news.
(I throw in some op-ed sometimes, also. It’s just my nature.) There’s another part of franchising, and it’s really the most important part. It’s the place where it really all starts: the development of a franchise concept.
Like most industries, franchising has been hit pretty hard by a sluggish economy. Not only are franchise sales flat (in most cases), but prospective franchise owners are finding that banks are not very enthusiastic about lending money to small business startups, like franchises.
I decided to look into the development side, to see how this segment of the franchise industry was holding up.Read Joel Libava’s full article here.
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Joel Libava is the President of Franchise Selection Specialists and he blogs at The Franchise King Blog.
Check out Joel’s, Franchise Online University.com.
Follow Joel on Twitter: @FranchiseKing.