When you think of the franchise industry, you probably think of two groups: franchisors and franchisees. But there’s a third group that’s just as important — the franchise suppliers. These are the service providers that help make it possible for franchisors and franchisees to succeed and thrive, by offering funding solutions, consulting, education, marketing, technology,…
Franchising can be one of the most effective ways to grow a brand — not just nationally, but globally. But growing outside the U.S. won’t be easy. Expanding into other countries and cultures creates unique challenges, including finding local partners and adapting to local tastes. The challenge is often worth it, though: Success strengthens a…
Veterans make up around 6% of the U.S. population, but according to the International Franchise Association (IFA), they account for around 14% of all franchisees. Why are veterans so well-represented within the franchise industry? Because they’re a perfect fit for franchise ownership, thanks to their leadership skills, ability to follow established procedures, and familiarity with…
Toward the end of each year, we at Entrepreneur always wonder: What will be the hottest franchising trends in the year to come? To answer that question, we consider what’s trending in the world at large, what types of businesses we’re seeing launch new franchise programs, which types of existing franchises are experiencing growth, and…
