- Did you know that franchise businesses generate $2.3 trillion in sales in the U.S. each year?
- Or that 41 cents of every retail dollar is spent at a franchise operation? (Especially impressive when you consider that fewer than five percent of all small businesses are franchised.)
- Or that there are more than 3,100 franchise concepts in the U.S., spanning 70 industries? and
- That a new franchise opens every 8 minutes of each business day…
There’s really no need to go out on your own and create a business from scratch, which is a very risky move considering the failure rates of start-up businesses. Luckily, through franchising, you can become a successful self-sufficient business person with all of the systems and processes worked out for you. You get to play to your strengths in the right one!
“Franchising is the champion of small business expansion worldwide,” says Steve Olson, publisher of 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.”