The last 15 years saw a boom in the franchising industry. One can even say that it rather established itself as a business strategy - a powerful business strategy that stretches across many industries.
Statistics show that in the USA 60% of independent start-up businesses no longer operate five years after their establishing. In comparison, 97% of franchised business start-ups are still operating five years later. To show the power-house of franchising, it is worth noting that about 50% of all goods and services that are transacted in the USA are handled through a franchised business.
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To Invest Or Not To Invest In Franchising
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Franchising in the United States is over regulated and that is a very bad thing for our economy and small businesses, which franchised outlets are. The UK is probably smart for their stance of fewer regulations in franchising in many respects. Instead of over regulation education is much smarter. I am an Ayn Rand fan and a Friedman, Greenspan type economist type. I believe that if there were no regulations that franchise buyers would be much more apt to do more due diligence.
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Franchise Regulations And Franchise Churning - You Decide
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