July 3, 2012
Franchise Opportunities – Outlook in US
As citing in recent blogs on economic indicators, the franchise business industry appears to be shaping up well for 2012. The past couple years have shown favorable growth trends, which may continue. The International Franchise Association (IFA) has produced an infographic, chalked full of franchise economic tidbits of information.
Some franchise opportunities and economic estimates for 2012 and beyond:
- 5.3% output increase
- 5.0% increase in GDP
- 2.2% employment growth in the franchise industry
- 1.7% increase in the number of franchised establishments
Franchise Business industries that will see the greatest gains:
- Fast food: $203 Billion in revenue and over 3 Million jobs
- Business services: $145 Billion in revenue and almost 1 Million in employment
- Personal services: $87 Billion revenue projected and 650,000 in jobs
Ensure you thoroughly research and investigate your potential business ventures, including franchise opportunities. If you choose well, franchises can be turn-key operations, with immediate revenue streams and ample business support structures. Although franchises can range in capital requirements, some provide adequate assistance with financing linkages.
Read More on Franchise Opportunities:
- Franchising Information
- International Franchise Association
- Franchise Direct – Franchise Opportunities
- World Franchising – Information
Other articles, blogs and infographics on Retail and Franchises:
- Franchise Opportunities … Back Then and Now [Infographic]
- Franchise Statistics and Opportunities in the US Favorable
- Retail Industry Heating up for Summer and Back to School
- EService, Social Media and Customer Service Trends [infographic]
- Digital Marketing – Conversion Opportunities for Business
- Product Mix – Designing Products and Services for the Consumer
- Content Marketing – Targeting Local Markets [infographic]
- Business Issues Faced in the Summer Months
- Color and Design – Factors Influencing Commerce [Infographic]
Business information, resources and tips for the entrepreneur
© 2012 Strategy Plan One
