Franchise Update Media Group, the leading industry resource for franchise development, recommends franchising as the best opportunity for success for many people looking to start their own businesses. Franchised businesses combine the most attractive aspects of both worlds: the independence of entrepreneurialism, backed by the support and proven systems of Corporate America.
“Franchising is the champion of small business expansion worldwide,” said Steve Olson, publisher for Franchise Update Media Group. “Studies have shown that franchised businesses enjoy a success rate up to three times greater than independent businesses, because franchising provides greater business advantages, such as training and support, group purchasing power, advertising clout and brand strength.”
Franchises generate $2.3 trillion in annual sales. In the U.S., 41 cents of every retail dollar is spent at a franchise operation, which is very impressive since fewer than five percent of all small businesses are franchised.
“In today’s economic uncertainty, aspiring business owners are turning away from the once-sacred safeguards of corporate security, and are reaching for the personal empowerment, freedom and financial opportunities offered through owning their own businesses,” Olson said. “Franchise concepts have become a safety net for many Americans, reducing their entrepreneurial risks by providing the systems and support that can help ensure their future success.”
