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When To Draft Your Franchise Business Plan - Featured

When to Draft Your Franchise Business Plan

Franchising opportunities provide tremendous potential benefits for both franchisors and franchisees. On the franchisor side, you have an opportunity to expand your business without being required to supply all the capital and manpower. On the franchisee side, you get a ready-made business model, fully developed brand, and ongoing operational and marketing support. When executed well, franchising creates an advantageous opportunity for both parties.
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Franchise Statistics_ Reflecting On 2019 Results And The 2020 Outlook Featured

Franchise Statistics on 2019 Results and the 2020 Outlook

The franchising industry is responsible for about 3% of total GDP. Growth in the industry was expected to outpace U.S nominal GDP growth rate in 2020, though this projection was made prior to the pandemic. Final results have yet to be seen as most franchise data is only reported annually.
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