Most folks in our society and civilization don't realize the incredible power that the franchising industry has. It is amazing that in any given year 25 to 40% of all US retail sales go through a franchised outlet. This is an amazing statistic considering the number of businesses in our country. It is also an incredible number considering the huge box store corporations with all of their outlets.
Nevertheless, franchising is an efficient model, and perhaps, one of the only business strategies that can compete with the super Corporation box stores. What is even more fascinating is that franchises are only 4% of the total businesses in our country, yet they account for up to 40% of the gross retail sales.
Are you beginning to see the power of franchising in our economy? And did you know that there are only about 2500 active franchisors in the United States of America; that certainly is very few companies compared to the total number of companies in the market place. Nevertheless, these 2500 active franchisor's have about 400,000 outlets amongst them.
If you are considering buying a franchise because you've been laid off, and you want to get in on the action, then perhaps these statistics are relevant to you. No, franchising is not a slam dunk, and running a franchise outlet is not going to be particularly easy, still, you can begin to see the economic benefits of being a member of such a large and powerful economic force.
If you want to win in business, franchising may be one way to do that. Therefore, you might want to look into it in a little greater detail. I hope you will please consider this.
Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes that retail sales are important for America.
Note: All of Lance Winslow's articles are written by him, not by Automated Software, any Computer Program, or Artificially Intelligent Software. None of his articles are outsourced, PLR Content or written by ghost writers.
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