What do NBA center Shaquille O’Neal, tennis star Venus Williams and NFL wide receiver Keyshawn Johnson have in common?
They’re business owners. Franchisees, to be precise. And the franchise community would like a lot more of them.
Franchising is a way of doing business used by more than 3,000 companies worldwide. While fast-food restaurants are the most common user of franchising as a way to grow the company and concept, the method is used by printers, bookkeepers, automotive product sellers, home improvement services ad more.
Altogether they’ve sold more than 825,000 franchised units and employ almost 18 million people.
Now the International Franchise Association and the Professional Athlete Franchise Initiative have struck a deal to provide training and guidance for former pro athletes who are interested in owning and running a franchise or investing in them as a group. Read on…