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| October 6, 2008 |
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| Why Buy A Franchise < Home |
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FRANCHISING |
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| Small Business Administration's records show that 90% of all private businesses eventually fail, usually within the first year! According to The United States Department of Commerce, more than 95% of the nation's franchises succeed! |
Franchising: A Proven Strategy for Success It takes approximately seventeen skills to effectively compete in today's competitive business climate. Most individuals have strong familiarity with approximately 4 to 7 of these critical skills because of their previous employment background. This is one of the primary reasons that independent businesses experience a failure rate of over 75% within the first five years in business, whereas a franchised business has less than a 10% failure rate, according to the U.S. Department of Commerce. The role of franchising in the overall U.S. economy is astonishing. According to analyst estimates in 2001, franchising accounted for $1.5 trillion in annual U.S. retail sales from over 760,000 franchised small businesses, employing more than 9 million people. Further studies indicate that franchising accounts for more than 40 percent of all U.S. retail sales. A franchisor provides support in critical areas to supplement the efforts and skills of the franchisee. A franchisee has a consistent source of information, support and years of experience whereas the individual businessperson must rely on his/her own resources. Franchising is a proven business strategy that promotes the dynamic relationship of established business know-how and the entrepreneurial spirit. The result is a win-win situation as evidenced by the Department of Commerce statistics. |
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The information on this website is not an offer to sell, or a solicitation of an offer to buy an Ideal Image Laser Hair Removal Franchise. An offer to buy an Ideal Image Laser Hair Removal Franchise is made by offering circular only.
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