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Franchise Business Success vs. Independent Business Success

JOIN THE CLUB Franchise Business Success vs. Independent Business Success WHAT IS... AN a FRANCHISE? INDEPENDENT START-UP? A franchise business is associated with a main brand name company. An independent start-up is a new business built without association with any other brand name. SUCCESS RATES LABORS FRANNET SBA U.S. Small Business Administration LOCAL. TRUSTED. FRANCHISE EXPERTS. Of Independent Start-ups, the U.S. Bureau of Labor Frannet, a national network of Statistics and the U.S. Small franchise consultants Business Administration released a detailed reported that survey of the success and failure rates of franchise businesses. were still 70% in business after 2 YEARS In a survey of 1,260 FRANCHISES were still 91% were still in business after 2 YEARS 50% in business after 5 YEARS were still in business after 5 YEARS After 10 YEARS, 85% only 30% stay open. WHY OPEN A FRANCHISE? Between 2001 2005 to there was a 40% growth rate in franchises This represents an annual growth rate of 8% This is one and a half times higher among other businesses. These franchises also showed a high growth rate in the number of employees than among other businesses wer start-up cost than independent businesses. Franchises have Franchises are seen as less risky investments, owed to the resources available to franchise owners. Sources: http://www.marketwired.com/press-release/-1657417.htm http://www.foxserv.net/success-rate-of-a-new-franchise-busi- ness-vs-independent-start-up/ http://upload.wikimedia.org/wikipedia/commons/thumb/7/7b/Bu- reau_of_labor_statistics_logo.svg/298px-Bureau_of_labor_statistics_logo.svg.png http://commons.wikimedia.org/wiki/File:US-SmallBusinessAdmin-Logo.svg BEST CARE Designed By: SENIOR SERVICES NationalPositions Profitable Internet Marketing STATISTIC νonν s.BUREAU Ш

Franchise Business Success vs. Independent Business Success

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Starting a business can be a difficult yet rewarding endeavor. Many hopeful entrepreneurs head to the bank with a business plan to help find finances to fund their business. After finding financing, i...

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