Franchising Trends to Look for Next Year
Tight credit markets continued to hamper franchise growth in 2011, according to Fox Small Business Center, but the International Franchise Association worked hard generating ways to promote expansion and employment. From the Athlete Franchisee Education Program to The Credit Access Campaign, the association launched many initiatives to help franchises survive in the tough economy.
But a new year means new opportunities in an industry that boasted more than 765,000 business franchises and employed 7.6 million workers in 2010, according to the Franchise Business Outlook: 2011 report.
For those looking to become franchisees in 2012, a recent visit to the West Coast Franchising Expo yielded some trends worth considering. Read more