When broken down, franchising simply represents methods of distributing products and services. For some time now, entrepreneurship has been the career path for many victims of downsizing and corporate layoffs. Despite the uncertain job market and the unstable economy improving considerably in recent years, business ownership remains a standard means of employment.
Franchising has become a major priority for people who seek the freedom of owning a business without undergoing the struggle of creating a concept from the ground. For that reason, franchising will continue to be a relevant part of the economy. Studies show that when done right, it can be a powerful business model for quick growth. Franchisees win through economies of scale, a defined system, mentorship, and support. As more entrepreneurs look at franchising as a viable path to success, it is vital to understand the emerging trends and how one can take advantage of them.
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