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Franchising is Important to the U S Economy

7/2/2014

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In a good article by Tom Post, he makes the business case for franchising. There’s no denying the extraordinary impact of franchising. According to a IHS Global Insight report prepared for the International Franchise Association, this year an estimated 770,000 franchise establishments will employ 8.5 million Americans and create $840 billion in output. And that sum is about 3.5% of the total U.S. GDP.

Franchising is a vital part of the American entrepreneurial landscape. In collaboration with FRANdata, Forbes created the first-ever critical list of the best and worst franchise companies in each of three cost categories: Up to $150,000, $150,001 to $500,000 and over $500,000.

Courtesy of Coleman Report, Charles Green,  http://www.colemanreport.com/new-forbes-ranking-the-30-bestworst-franchises/?utm_source=July+2%2C+2014+CRPM&utm_campaign=082412+AM&utm_medium=email via Tom Post, Forbes Magazine.



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    Will Rodgers, Founder of Pacific Rim Business Consultants

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