Franchise businesses are some of the most visible and productive parts of the U.S. economy. Here’s a quick look at the size of this sector’s impact, by the numbers. 828,183 franchise locations in the United States 9.13 million jobs in U.S. franchise businesses 6.2 percent of the United States’ non-farm workforce is employed by a franchise business $802.2 billion value of goods and services produced by U.S. franchise businesses 147,211…
Just like starting any business, buying a franchise is a major decision—one that demands proper research first. Franchising offers many benefits to entrepreneurs, but it also has special requirements that might not be right for everyone. PROS Support system // Buying into a franchise takes a lot of the guesswork out of starting a business. The franchisor has already figured out what works and what doesn’t, from the best type of…
Are you interested in turning your business into a franchise concept – but aren’t sure where to start? Check out our listing of the most useful online resources around. SBA’s Franchising Resources // Get the basics on franchising, how it works and whether it’s the right thing for you. The International Association of Franchising // The IAF is the largest organization devoted to the franchising sector. And its website includes an array…
No two cities do things precisely the same way, but Barbara Millard, who teaches entrepreneurship at Johnson County Community College, has some basic “rules of the road” for business owners who are taking their first steps into City Hall.  Start with the Web // Most cities have websites, and they’re a great place to research general information about permits, licenses and other regulations. The key phrase is general information. That’s why it’s…
The work doesn’t end when you make your offer. Now that you have submitted your offer or bid for a federal contract, what happens next? The next event will depend upon the government’s selected procurement process. Whatever process is in play, be proactive in following the process through award. And if your bid or offer appears to be the lowest price or best value to the government, you may still…