Archive for August, 2011

In uncertain times, families pull together and we at FranNet witness this every day. Our network of consultants is seeing more and more families that want to jointly own and run franchised businesses.

Today, the franchise industry is booming. As more corporate workers get laid off, they look at business ownership as a more viable option in these uncertain times than getting forced into early retirement.

Franchising is the economy’s superstar. Growth of new franchised businesses is helping lift a still-sluggish economy, creating jobs and providing new options to corporate workers wanting a change.

FranNet ranked No. 442 on the list. It posted three-year revenue growth of 792 percent and had 2010 revenue of $11.5 million, according to the Inc. 500 list.

Odom did his homework and determined franchise ownership offered one of the best opportunities for long-term success with a family-owned business. He sought out Leslie Kuban, franchise business consultant with FranNet of Georgia.

On Thursday, August 25, 2011, the Kuban’s will discuss with Family Business Radio co-hosts Meredith Moore and Dwayne Samples their experiences running family businesses and how they are assisting others in forging similar family business success stories.

Corporate refugees and other potential new franchise owners now have even more resources available through a new partnership between FranNet and Business Networking International, the world’s largest business networking organization.

A recent article in the Highlands Ranch Herald, “Odd jobs supplement household income,” by Chris Michlewicz features innovative start-up ideas along with a few resourceful words from Stacy Swift, co-owner of FranNet Denver.

It’s understandable. No matter how much freedom a job provides, it can never match the control self-employment can give a professional over his or her own financial destiny.

Franchises offer unique opportunities for driven professionals to start their own businesses and secure their own financial futures. Because franchisees follow established business models and best practices, they can “hit the ground running” immediately and avoid the painful trial-and-error periods that kill most small business start-ups.