Posts Tagged ‘Small Business’

This year, the International Franchise Association is predicting that entrepreneurs will open more than 14,000 new franchise businesses, and franchise consultants will contribute a large number of these.

FranNet’s Gary Prenevost offers advice on franchising a business model successfully.

In franchising, trends are coalescing to form what could be the next large-scale movement in the industry: absentee ownership of franchises. Or, as franchise owners themselves call it, “manager-run franchises.”

With national unemployment still hovering around 9 percent and “job creation” the term on every politician’s lips, you’d think employed North Americans would be happy to just have jobs — and you’d be wrong.

Franchise matchmakers are consultants who link clients seeking franchise opportunities with the right franchises. Often, clients are former corporate employees or executives who lost their jobs in downsizing; others are retirees who want a more dependable source of retirement income; still others are recent college graduates who are having trouble finding traditional work in the recession.

While other girls were playing with their Barbies, at 6, Lisa Anter was charging 10 cents a cup at her lemonade stand at a lake near her Montreal, Canada, home.

Mid-career and late-career professionals over 50 are loaded to the hilt with skills and talents. They need or want a new arena for them. Sound familiar?

We were pretty excited to open up the Toronto Star, Canada’s highest-circulation newspaper, on Saturday to see FranNet featured in not one but two articles!

And while few people are trading up to larger homes these days, the economy hasn’t stopped them from packing up or changing addresses – a boon for moving and storage franchises.

Sound statistics underlie our optimism. Recently, the International Franchise Association released an extensive Economic Impact Report that, using 2007 U.S. Census data on franchise businesses, carefully measures franchising’s economic impact in the United States.