YES!!! OVER ONE TRILLION 500 BILLION DOLLARS!! WHAT COMES AFTER A TRILLION??
- Controlling of Destiny
- BFinancial Stability
- No More Layoffs
- Money Insecurity & Stress of the Corporate World
- Second Careers
It has been estimated that less than 12% of the businesses in the united states are franchised, but they account for approximately 50% of all u.s. retail sales – more than four times their share of the dollars!!
There is a reason why franchisees get more than their fair share of the market. In general Franchisors offer you……
- R & D
- Buying Power
- Name Recognition
- Customer Alliances
- Site Selection
- Public Relations
Studies have shown the 80-90% of people that have purchased a franchise remain in business after 5 years vs. 80-90% that started their own business are out of business after 5 years!
The franchisor is your partner and if you fail there is a blemish on his record! They will do whatever is possible to help the franchisee succeed. They would lose valuable royalties and have to disclose a termination on their franchise documents!
They fall into 6 main groups:
- Business to business services (b2b) – My favorite!
- Personal services
- Childrens services
Can I afford it?
Do I want to manage my own business?
Will I follow the franchisor system?
Will I enjoy interacting with customers, employees, and the franchisor?
Will I enjoy the day to day activities?
Do I have family support?