Why Franchises Work
With so many investment opportunities available, you may be wondering why you should invest your time and money into a franchise opportunity. The answer is simple - proven success! Here are a few of the advantages of joining a leading franchise system: -
Owning your own business, yet still having guidance from the experience of a successful business system. -
National brand recognition and promotional power. -
Financial and accounting assistance. -
Operational training from industry experts. -
An opportunity to provide products and services that would not be available or cost-effective for an independent business. -
A lower risk of failure or loss of investment than if you were to begin a new business of your own. The U.S. Department of Commerce has concluded that franchising is increasing phenomenally and is a significant part of the U.S. economy. In fact, retail sales from franchise establishments comprise one-third of all U.S. retail sales. Naisbitt Group's The Future of Franchising predicts continued growth, with more than one-half of all retail sales made through franchise sales by the year 2010.
The greatest asset to joining a franchise system is the success rate. Government research indicates that 80 percent of all new small businesses fail, many within the first year. By contrast, less than 2 percent of new franchises are discontinued within three years of operation. With this comparison in mind, why would you consider not investing in a proven franchise system.
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