Franchising makes up 12% of our US GDP – a huge economic impact. But is it right for you? Read on. Go to entrepreneurship.com and look at the list of 500 largest opportunities in franchising, says George Ray III, a consultant for Florida SBDC at FIU who specializes in franchizing. […]
Tag: franchising
How do you step up your startup? Start here.
“Entrepreneurship — it’s not for everybody. You have to be able to weather uncertainties, and you have to fail your way to the top.” That’s according to George Ray III, a consultant for Florida SBDC at FIU, who specializes in assisting startup entrepreneurs and franchisees. Some pretty famous entrepreneurs had […]
Interested in franchises? How to avoid 3 common pitfalls
An interesting young company offering franchises for the first time might sound like a sexy opportunity, but buyer beware. With franchising, you are buying into a proven business model – it’s one of the key benefits of franchising. Because 70% of startup companies fail, your risk rises fast with younger […]
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 […]