More people choose franchise as their way of owning a business. In reality, franchising is the leading growing method of doing business. The U.S. Department of Commerce estimates that franchise revenues amounted to almost $1 trillion in 2010.
Franchise Power Currently, more than 41 per cent of all retail businesses in the world are franchised and it is projected to be 50 per cent in the next decade. Power of Franchise Approximately 950 000 franchised locations operate, employing more than 11 000 000 people.
Why do people choose a franchise? Because it provides proven operational methods that allow the franchisee to draw on the experience and expertise of a well-established company. This can ensure your peace of mind when you start and run your own business.
Various studies show that approximately 80 percent of all small enterprises fail within five years and 47 percent of enterprises fail within the first year. Yet more than 90% of all franchises are successful!