In 2018, there were just shy of 760,000 franchises in the United States alone. This rapid growth rate of 1.9% increased the employment rate in franchising by 3.7% adding 8.1 million workers. When a small business begins to do well in its local neighborhood, a business owner may find that franchising is the appropriate next entrepreneurial step. That being said, as the owner of a fr
The decision to franchise your business is not one you come to lightly. However, it may be the perfect way to grow a business that is doing well locally. Expanding to new locations can mean more than literal growth, it can mean endless opportunities for yourself and your employees. Here are five advantages to note when deciding whether or not franchising is right for you. 1. Cost-effective Growth
Your business is successful and continues to grow. That’s great news! But, what is your next move? You may be limiting your growth by staying as one independent store. Perhaps you like the idea of opening another store in your hometown but don’t know if that’s a good idea. Maybe you’ve even had the idea to expand to multiple locations in your state but don’t know wher
