|
About
Franchising
Franchising is a
method of
distributing
goods or
services to
consumers. The
franchising
company owns the
rights to the
trademarks of a
business. The
franchisee
purchases the
right to use the
trademarks and
operating
system.
Most people
associate the
word “franchise”
with fast food
restaurants.
But, there are
many more types
of franchise
businesses,
including
everything from
advertising to
automobile
repair, printing
services to
party supplies
and many more.
Franchise Facts:
-
Franchise
businesses
account for
nearly 50%
of all
retail sales
in the
United
States.
-
Franchise
businesses
employ more
than 14
million
Americans.
-
There are an
estimated
4,000
franchise
companies
operating in
the U.S.
doing
business
through
close to
500,000
retail
outlets.
-
Seventy-Five
(75)
industries
use
franchising
to
distribute
goods and
services to
consumers.
One out of
every 12
business is
a franchised
business.
A new
franchised
business is
opened every
8 minutes of
every
business
day.
The
Future of
Franchising
 Within
the next 10
years,
franchising will
comprise over
50% of the
retail economy
and employ
millions of
people. This
growth should be
anticipated
based on the
simple logic of
the underlying
concept.
Franchising
offers success
to aspiring, new
business owners
with the least
amount of risk.
These systems
will enable
hundreds of
thousands of new
business owners
to realize the
dream of
successful
business
ownership and
financial
independence.
Like the US and
world economies,
franchising is
evolving. There
will be even
greater
opportunities
for wealth
creation among
both franchisees
and franchisors
as this
evolution
progresses. New
franchises will
be developed
while the
existing systems
become more
fortified and
continue to
grow. If you are
ready to take
the next step
and go into
business for
yourself or if
you have an
existing
business that
you want to
optimize, then
you should look
closely at
franchising as
the vehicle to
take you to
where you want
to be in the
21st century.
|
|
|
