Why a Franchise
This is really one of the first question you must address. In today’s business world, there are many workers that feel their efforts are not properly rewarded. Their opinions and expertise are not appreciated, their abilities are under utilized. Additionally, many workers in corporate America today carry a legitimate fear that their jobs could go away, and they could be the victims of downsizing.
For many employees that feel stifled in their present position, the freedom and rewards of business ownership is extremely appealing. Simultaneously, stepping into business ownership alone can be a frightening and daunting step. For these reasons, many prefer the concept of Franchise Ownership. Instead of heading out on a risky unknown path you try to carve yourself, a franchise can give the you the training and experience that comes from an existing business with a record of success. On going support to assist you in duplicating that success is the reason the franchise model has become increasingly popular.
According to the US Census Bureau:
The U.S. Census Bureau reports franchise businesses accounted for 10.5 percent of businesses with paid employees in the 295 industries for which franchising data were collected in 2007. Of the 4.3 million total establishments surveyed, 453,326 were either franchisee or franchisor-owned businesses.
Additionally, franchise businesses accounted for nearly $1.3 trillion of the $7.7 trillion in total sales for these industries, $153.7 billion out of the $1.6 trillion in total payroll, and 7.9 million workers out of a total workforce of 59.0 million.
In a 2013 report, Steve Caldeira, President & CEO of the Internation Franchise Association reported “…the industry continues growing at faster rates than other sectors of the economy..”
If you are an indivudual that has the drive necessary to make a franchise successful, continue on to see if a GatSplat franchise is the right choice for you.