Moving into this quarter, it’s interesting to think about predicted trends for 2011 in regard to small businesses and franchising. The last few years haven’t been kind to the US – skyrocketing unemployment, recession, abysmal credit market for startup loans, to name a few of our less-than-finest hours. But US ingenuity still runs true and [...]
We know small business is good for the economy – the U.S. franchise industry employs more than 20 million people and contributes more than $2 trillion in economic activity. The U.S. Small Business Administration (SBA) estimates that 800,000 new small businesses are started every year. The downside of this situation is this: a Dun & [...]
If one of your New Year’s resolutions was “open a franchise,” read this blog. There are lots of benefits to opening a franchise, as you probably already know. For starters, the support of an established company takes off some of the pressure for you so there’s a degree of security that isn’t present in a [...]
Interested in opening a franchise? This week, we feature a beginner’s guide to some of the activities you will need to complete before you start, including reading a FDD and interviewing a franchisor. Successful franchisees It cannot be stressed enough: research is important. You must do your homework. Successful franchisees conducted careful market research, developed [...]
