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The Franchising World

April 10, 2012 | Comments: 0 | Views: 182

Make no mistake - the industry of franchising is BIG. Currently it is the dominant mode of entrepreneurship in retail in the world's leading countries. In the United States alone, according to recent statistics, there are about 2300 companies who manage franchise chains spread out in over 80 industries and lines of business. According to data, in the United States alone there are 767,000 franchises that employ more than 10 million people. This business also generates around one trillion dollars in sales annually and account for as much as 40 per cent of all US retail sales. Can you imagine the combined worth of the business industry all over the world?

This particular business model is taking over the world. Similar to direct marketing, it is also fast becoming a very common business model. In the United States, the number of outlets increased by 146 percent in just over 20 years. While independent and original businesses still flourish as more unique market niches are discovered every day, many businesses have started to replace independent businesses such as the fast food industry, banking, automotive repair, et cetera aside from the numerous retail chains available. The specific business systems are currently found in more than 80 different industries; with more being added every year. Recent additions include niche markets and products in the telecommunications industry, as well as those in maternal health - there are franchises now for outlets offering three dimensional ultrasound services.

Not only is it dominating local markets, franchises grow internationally too. The American House Committee on Small Business has defined franchising as one of America's most rapidly growing exports. With McDonald's and other companies claiming stake over markets in obscure and smaller countries, it is safe to assume that most franchises plan to expand even more internationally, especially now that technology is making things so much easier. Globalization is unavoidable, and its bringing businesses everywhere it can reach.

What does all this information mean for you? Well, if you are interested in the possibility of expanding your business, or you are looking for new business opportunities - then be confident in the fact that franchising is a behemoth of an industry, there's room for more! What this means is that because of this type of business, there are now more options for entrepreneurs, or at least for business minded individuals. What this means is that anyone with capital can use it to invest in a rapidly growing industry and the opportunities for growth and revenue are numerous.

So if you are seriously planning on entering the world of business, you need to consider, there are many things you need to think about and decide on. Franchising is just an option, a direction you can take for your business (if you have one) or for your capital. It is also true that this may not be for everyone. But with careful planning, analysis, or informed advice from business and franchising experts, then it may well be a great option. Look at all the successful franchises around you. That's just the beginning.

To learn more about how to get a franchise that will suit you and you will love being involved with go to A wide range of franchises available and we will fine the perfect match for you.

Source: EzineArticles
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