Franchising is one pathway to entrepreneurship that many people find attractive, but the first step is finding the best franchise fit. In recessionary times, interest in franchising typically sees an uptick and that is true now, amid the global COVID-19 crisis. However, choosing the right franchise is one of the […]
How to prepare your business to be franchised
Is franchising your business model the key to unlocking more revenue for your company? It certainly can be a profitable growth strategy — if you are ready for it. “The obvious benefit is you accelerate the pace you can expand your brand and you are not taking as much risk […]
Who is franchising out there and how are they doing? New survey sheds some light
Who is franchising? The majority of franchise business owners are over 50 years old, but millennials are beginning to show interest. That’s according to findings of a new national survey. “Baby boomers still represent a majority of people we encounter pursuing franchise opportunities,” said David Nilssen, CEO of small business […]
The pros and cons of franchising: Is it right for you?
Franchised businesses in the United States number nearly 1 million and together generate 15% of private sector jobs and 12.5% of private sector payrolls. Clearly franchise businesses are a force in the economy, but is owning a franchise right for you? GrowBiz talked to George Ray, a consultant with Florida […]