The franchise market place is growing rapidly with more and more people buying a franchise business. The people who invest in a franchise opportunity are more likely to succeed then those who choose to go it alone. Many millionaires have been created through the franchise industry.
After a lengthy study carried out over 7 years by the US Department of Commerce, it was revealed that over 90% of franchisees were still in business. Those who had decided to go it alone and start a business on their own, only 20% were still trading.
The franchise industry has finally shaken of its dubious reputation and people are moving towards franchise businesses in droves. This is probably due to the fact that a lot of high paid jobs in manufacturing industries are declining as more and more manufacturers are moving their plants overseas where they have access to a lower paid, highly skilled work force.
For businesses wanting to expand rapidly, franchising has many benefits. The franchisee helps fund the businesses expansion and has a major interest in making sure that the business is successful.
For franchisees the benefit is that they get access to a proven...
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