Franchise Industry News

Dubai’s Thriving Economy with Strong Appetite for Franchising

No longer reliant on oil, Dubai is leading the way with a thriving economy focused on tourism, technology & international investment. And U.S. franchises are winning. With a rapidly increasing population, currently more than 3 million, a Gross Domestic Product (GDP) in excess of $105 billion and one of the fastest growing tourism destinations in the world, Dubai’s economy is thriving and will continue its strong growth well into the future. Dubai’s Thriving Economy No longer dependent on oil, Dubai is leading the way in the Middle East for other nations to follow when it comes to diversifying, expanding and strengthening their economy. A commitment to building the most technologically advanced infrastructure within the region, and around the globe, Dubai is home to the region’s busiest international airport with the fourth-largest airline, the ninth-largest port, the world’s tallest building and the region’s largest shopping precincts. Not to mention the freeways,...

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The State of Franchising in the U.S.

Franchising has proven itself to be one of the most popular business models in the U.S. And experts are positive on its growth & potential for the future.  Current Franchising Statistics While the franchise business model has always been a popular choice for business owners and entrepreneurs throughout the United States, regulation changes, tax reforms and an upturn in the economy have led to significant growth in franchising for the eighth year in a row. The number of franchises is set to increase by 1.9 percent this year, up from a 1.6 percent increase in 2017. Employment figures are forecast to increase by 3.7 percent, after a 3.1 percent increase last year. And the franchising industry output is set to increase 6.2 percent, to an impressive $757 billion. “Franchising plays an important role in the U.S. economy,” says Derek Cafferata. CEO and President of franchising experts All State Franchise Finders....

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Will Franchising Flourish in a Recession?

In a recession, when job loss is a harsh reality, finding a new job is difficult and lenders are tightening up, franchising often gains momentum. When a recession hits, consumer spending tightens and many industries suffer in loss of turnover. This leads to companies cutting back, which usually equates to an increase in unemployment rates. Lack of job security, as well as the simple difficulty of finding a job opening during a recession, often forces people to make decisions they may not normally consider in a more buoyant economy. And it is in these times that franchising comes to the fore and shows off its true potential. Recession-Proof Industries When jobs are hard to come by, franchising can be a very logical and rewarding option for many people of all ages across a wide range of industries. To create your own job, work for yourself and be your own boss...

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Vision 2030: Master Franchising in a Thriving Economy

Vision 2030 outlines Saudi Arabia’s development into the future. At its heart, master franchising plays a pivotal role in this thriving economy. Vision 2030 for Saudi Arabia Vision 2030 is what the Crown Prince of Saudi Arabia has set out as the future for the Kingdom of Saudi Arabia. Crown Prince Mohammed bin Salman bin Abdulaziz is considered an influential and dynamic force behind the success of his father, King Salman bin Abdulaziz Al Saud in bringing about significant reform and development within the country. Vision 2030 is focussed on three main points. Firstly, it is about developing Saudi Arabia into a strong position as the heart of the Arab and Islamic worlds. Secondly, Vision 2030 is set to develop Saudi Arabia into a global economic powerhouse by encouraging and developing national and foreign investment in order to stimulate the economy and diversify its revenues outside of oil. Finally, Vision...

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Vision 2030 – The Power of Franchising in a Thriving Economy

Saudi Arabia has always been synonymous with oil. Now, with its ambitious Vision 2030 plan to become an economic powerhouse, franchising is reaping the benefits. With approximately 90 percent of its exports and 45 percent of its GDP being in oil, Saudi Arabia has always relied on its petrochemical industry to fuel its development and economy. However, the Saudi leader and its government are pushing hard to diversify its economy for strong and sustainable growth. The country’s Vision 2030 is set to cement its position as the leading nation, not just within the Arab and Islamic worlds, but also on the international stage as well. The Changing Face of Saudi Arabia – Vision 2030 While Saudi Arabia has always held an influential role in regards to oil supply to the rest of the world, the country has, for the past several years now, undergone significant changes on various economic, social,...

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Small Business Ownership and Low-Cost Franchising

Small business ownership need not be out of reach. With low-cost franchise options, owning your own business is now more accessible than ever. Many consider small business ownership to be somewhat of a dream that is all too often out of reach, requiring entrepreneurial skill, extensive business experience and a significant amount of money. And the same goes for becoming a franchisee. However, franchising is one of the easiest and most effective ways to becoming a small business owner. And if you know what to look for in a franchise, becoming a franchisee need not be a risky or costly venture. Insightful Statistics on Small Business Ownership According to the Small Business Administration (SBA), there were 28.8 million small businesses which represented 99.7 percent of all businesses in the United States, with a little under 1 million of these being franchises. More than half of these small businesses are home-based...

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Top 500 Franchise Brands for 2018

Entrepreneur Magazine’s Top Franchise 500 list is out for 2018 and, if you read between the lines, it shows some interesting franchising trends to look out for. Most Popular Franchises Taking a look at the most popular franchises for 2018, there is, yet again, a very strong presence from the fast food industry, with six of the top 10 spots taken up with some of the biggest names in franchising. Big-hitting names in franchising, like McDonald’s, Dunkin’ Donuts and Taco Bell. Another strong franchise group represented in the top 500 taking on the fast food industry is the salon industry. Great Clips, Sport Clips and Supercuts are all ranked within the top 15 best franchises for 2018. McDonald’s sits in the number one position for 2018. While this may not be any surprise to some, the company have done well to recover from their identity crisis which came to a...

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Franchising and Entrepreneurship – A Male Perspective

It is becoming more and more evident and accepted that being a successful entrepreneur in business has far less to do with whether you’re male or female and far more to do with your personality, your driving forces and your goals. Research continues to show that there are both similarities and differences when looking at franchising and entrepreneurship from a gender perspective. While franchising and entrepreneurship is currently a more male-dominated environment, this is changing and there is no difference in the success rates of male-run businesses and female-run businesses. Favourable Male Stereotypes Franchising and entrepreneurship tend to be viewed in a positive way as a masculine endeavour. The concepts of risk-taking, aggressiveness, drive, competitiveness, assertiveness and independence are stereotypically masculine traits that people associate with success in business. While these stereotypes are not based totally in fact, they do have some influence on those of both genders undertaking entrepreneurial...

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Franchising and Entrepreneurship – A Female Perspective

Franchisees & Entrepreneurs: Same-Same or Different? Much debate has gone into the question, are franchisees entrepreneurs? For many, including well-known franchise experts like Joel Libava, the answer is a clear no: The franchisee is not an entrepreneur, the original franchisor is the entrepreneur. Some even go so far as to say that an entrepreneur should not become a franchisee, that they should create their own business and franchise that. While that opinion may have been more the norm in the earlier days of franchising, like the 1970s and 1980s, attitudes and opinions are changing as franchising develops into the 21st Century. Successful franchisors of today often look to their franchisees for input into franchise direction and development. And while franchisees may not be risking their finances, time, effort and career on a completely new business, they are risking their finances, time, effort and career. Franchisees still have the same daily...

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Women Paving the Way in Franchising

Traditionally a male dominated environment, the franchising industry is evolving rapidly. And women are paving the way. Franchising has been a popular concept since the early 1970s and has seen steady growth and development over these past 40-odd years. Having traditionally been a male-dominated domain, women are now stepping up and moving into this business market in a strong way. Females Moving into Franchising Most recent reports show that about 30 percent of all franchise owners are female. This is a significant increase from even five years ago, when the percentage of female franchise owners sat at just 20 percent. “This increase is a combination of females independently owning their own franchises,” says Derek Cafferata, CEO and President of franchise experts All State Franchise Finders. “As well as an increase in male and female joint franchise ownership.” All State Franchise Finders works with potential franchisees to navigate their way through...

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ALLSTATEFF Offers Advice on Franchise Financing

Franchise expert Derek Cafferata of ALLSTATEFF shares valuable advice on securing the best franchise financing for that new business venture. A franchise is a popular option for many people looking to become business owners. Buying a franchise allows you to own and run your own small business while having the support and structure of a larger, proven successful corporation. While the franchise business model is one of the most popular and successful models in the world, it requires some solid cash flow and capital to buy into and get off the ground. Franchising expert Derek Cafferata, CEO and President of All State Franchise Finders (ALLSTATEFF)  has over 30 years’ experience in the franchising industry, both in the U.S. and around the world. He is well aware of the importance of, firstly, identifying if a potential franchisee is in the financial position to buy into a franchise and, secondly, the equally...

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Profile of a Successful Franchise Owner

The franchise model is great for business success but doesn’t guarantee it. The best franchisee on paper isn’t the best franchisee in real life. So who is the perfect franchisee? While the franchise business model is one of the most successful business models around, some think of it as a turnkey, all-in-one package that almost guarantees success. And while there is a high rate of success when you compare new franchise businesses to new start-ups, not everyone who has the desire to be their own boss will be the ideal franchisee candidate. So, what is it that makes some people fly with franchising and other’s fall? Well, franchising expert Derek Cafferata from All State Franchise Finders explains what he believes to be the profile of a successful franchise owner. Not Your Typical Entrepreneur “This is probably the most common misconception of what makes the ideal franchise owner,” says Derek Cafferata....

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Expert Advice on Franchising Your Business Internationally

International franchising offers huge scope for strategic growth, cornering a new marketplace and financial reward. All State Franchise Finders offers expert advice. International franchising offers significant benefits for the business looking to expand beyond its domestic borders. When done with due consideration and expertise, internationally franchising a business involves significantly low risk for high reward. Is International Franchising for You? Most entrepreneurs dream of their brand becoming a household name, with a wide footprint and huge financial reward for all the hard work they have invested in their business. And international franchising offers the best track to success. However, according to franchising expert Derek Cafferata, CEO of All State Franchise Finders, international franchising isn’t for everyone. “Generally, when a business has successfully franchised into the local market and established themselves and their brand, then they are more likely ready to consider franchising internationally,” says Derek Cafferata. “It’s once a company...

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Expert Advice on Franchising Your Business in the U.S.

Franchising offers a fast track to significant business growth. But franchising requires experience, knowledge & careful setup if it is to be successful. Business owners looking to expand locally, regionally or nationally have two options: Open up company-owned units, which involves considerable cost and resources, or franchise. But franchising, while it sounds easy and often allows businesses to grow rapidly, doesn’t always lead to successful business growth. Franchising expert Derek Cafferata from All State Franchise Finders has more that 30 years’ experience in the franchising industry, both throughout the U.S. and across the globe. He understands the importance of building the right foundation from which to successfully franchise from. “Franchising is one of the most successful and most popular ways to grow a business,” says Derek. “But trying to franchise without the right knowledge, experience, set-up and support usually ends in failure, at significant cost and frustration to the hopeful...

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Millennials Coming of Age as Franchisees

Millennials, often labelled lazy, self-absorbed & apathetic, are coming of age as franchisees due to their adaptable, tech-savvy & industrious lifestyles. Millennials, those born roughly between 1980 and 2000, are the largest living generation in the United States according to the Pew Research Center. While often referred to as lazy, self-absorbed and apathetic, Millennials are extremely adaptable, tech-savvy and industrious. And it’s these types of qualities that are drawing more and more franchisors to seek out millennials as potential franchisees. Millennials Wary of Corporate America Having watched, or experienced, the Global Financial Crisis (GFC) of 2008, Millennials are wary of corporate America. A report put out by the U.S. Chamber of Commerce found that 66 percent of Millennials are interested in entrepreneurship. The unstable job market and highly stressful corporate work environment that saw many suffer great losses through the GFC has let to many Millennials searching for alternative employment...

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