Do you think the franchise industry will continue to grow as rapidly as it has in the past few years?
Outside of high technology, franchising is probably the most growth oriented business segment in North America. And, it has so many positive factors that will keep it at the top of growth industries. By many factors I mean “positives” that impact all pieces of the success puzzle.
First, successful entrepreneurs embrace franchising because successfully franchising a business can mean exponential growth of a concept using other people’s money and other people’s management talent.
Second, franchise opportunity buyers trust the industry especially when there is proof of a good system and success among other franchisees.
And third, the public supports the entire concept of franchising because it “rightfully” expects to find continuity from unit to unit.