Why do retail and service franchises receive nearly half of the dollars earned by all retail and service businesses in the US, even though only 10-12% of those businesses are franchised locations? Find out what steps the franchises take that every small business owner should consider to increase their chance of success. You will learn:
– How franchisors evaluate market opportunities (and why independent businesses should think this way too)
– How and why to systematize core processes and outsource non-core processes
– 5 franchise industry trends EVERY prospective business owner should consider
– When does business ownership through a franchise make sense, and when it is better to go independent?
Presented by Heather Rosen and Faizun Kamal of FranNet of Virginia.