How Big Is Franchising Anyway?

The number of franchise establishments in the United States has grown to 781,794 – the highest it has ever been. Along with the steady growth, the International Franchising Association (#IFA) projects the industry to continuing its impressive expansion for a fifth consecutive year.

 

 

Is It Possible To Own A Franchise After Years In The Workforce?

In a word, yes! However, you’re the only one who can convince your stubborn, scared self that it’s possible. Spending years in corporate America or #working for other small/large #businesses doesn’t have to cripple your franchise ownership #dreams. In fact, the experience and knowledge you’ve gained to this point will prove to be very useful! At FranNet, we want you to know that it is certainly not time lost – look at it instead as time preparing for this new path.

 

 

You Don’t Know What You Don’t Know

In the franchise industry, there are countless individuals that prove day in and day out what hard work looks like for a business owner, and how rewarding it is to see their efforts make a difference in their community and in their life. At FranNet, we love to share success stories with others in #hopes that any entrepreneur will #read it and know that they too can chase their dreams and #flourish.

 

 

You Don’t Need a Promotion to Grow at Work

As organizations run leaner and flatter, your ability to move up can stall much earlier in your career because, simply put, there’s no place to go. This is true whether you work for a corporation, nonprofit, or public agency. So what should you do when you reach that plateau and you’re only midway through your career? First, take stock. Do you enjoy and learn from your colleagues? Are you still energized by the mission of the organization? If the answer is no, it may be time to move on. But if the answer is yes, consider ways to grow on the plateau.

 

 

How Visual Systems Make It Easier to Track Knowledge Work

Walk into any fitness center, health club, or gym in the country and you’ll see yourself. Or rather, reflections of yourself. It doesn’t matter whether the gym is one step up from a cave or a posh Park Avenue fitness emporium — you’ll see mirrors, and lots of them. The mirrors aren’t a manifestation of the customers’ narcissism. They’re actually there for an important purpose: to help people do their exercises properly. The mirrors act as a real-time check on your activity, enabling you to immediately adjust to ensure your safety and the quality of your exercise.

 

 

How to Buy a Franchise

 

While buying a franchise is not for everyone–such as those who need complete autonomy–it’s a mode of entrepreneurship that is compelling for many people. For one thing, the company selling the franchise has already invested in a brand people recognize regionally or nationally and in doing so has figured out a business strategy that has been proven to work. To bring new stores into the fold the franchisor provides training and helps with marketing to get a fledgling franchisee off and doing business. But how does a person pick the right one? Take some tips from Andrew Cagnetta, CEO of Transworld Business Advisors, a business brokerage franchise consulting company that for 35 years has made a business out of selling franchises.