How Pervasive is Franchising a Business? | Franchise Blog ...

?If you?ve ever thought about franchising your business, you?ve likely asked the question, ?How successful really is franchising??

Sure, you?ve heard stories of business owners franchising a business and going national. You?ve spoken to friends and family about whether it could be a good decision; a lucrative decision. Maybe you?ve even wondered how prevalent taking that next step is. Is it something every business eventually considers?

And even if it is?does that mean it?s the right move for your business?

At Upside Group, we hear those questions a lot. Franchising a business is a big move and an even bigger opportunity, and it?s important to consider every angle of the decision before making one. And it?s certainly important to have all the facts. So really ? just how pervasive is franchising?

To put it simply, by 2001, there were 767,483 franchise system business establishments which employed almost 10 million people. These establishments had a direct output close to $625 billion, and a payroll of $230 billion.

And not only are they widespread, but these establishments also account for a significant percentage of all establishments throughout a variety of different businesses: 56.3% in quick service restaurants, 18.2% in lodging, 14.2% in retail food, and 13.1% in table/full service restaurants.

Here at Upside Group, we see hundreds of different business plans, different companies, different services, and different industries. And while it?s true that no two are exactly alike, it?s also true that regardless of those differences, finding the right franchise opportunity for each individual business owner could be a move that simply changes everything.

It certainly has for 767,483 others.

So the next time you sit down to think about taking that next step and franchising your business, remember that successful franchise establishments are all around you. And your story might just be the next one people are talking about.

To learn more about franchising your business, or to speak with an Upside Group professional representative, visit our website at http://www.upsidefranchiseconsulting.com/.

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Source: http://www.upsidefranchiseconsulting.com/blog/?p=947

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