Franchise growth predictions optimistic
Franchise growth predictions optimistic
The 2006 Industry Report on Franchisee Satisfaction by Franchise Business Review, a national franchise market research firm, revealed that 72 per cent of franchisees believe the growth opportunity for their individual franchise is either strong or very strong.
There were also many upbeat responses from franchise owners about the companies they work for, as 87 per cent gave their franchise systems an overall positive rating, while 92 per cent are pleased with the quality of the products and support services provided.
Eric Stites, president of Franchise Business Review, said: "The US economy may be weakening in many places but franchisees are very positive about their growth.
"When you consider the little known fact that the top 50 public franchise companies have outperformed the Standard and Poor 500 by 70 per cent over the last six years, you can understand why franchise owners are so optimistic. More people should stop watching the stock market tumble and consider buying a franchise business."
In addition, on the issue of business ethics, franchise companies received a 91 per cent favorable rating.
Franchise Business Review said this was its "most comprehensive study ever done on franchise owner satisfaction".
More than 10,000 franchise owners from hundreds of franchisers in over 50 industry sectors took part in the survey and answered questions on a range of topics, including franchisee training and support, system quality, franchisor/franchisee relations, financial opportunity and overall satisfaction.
These results reflected similar positive figures from a survey earlier this year, which was carried out by the International Franchise Association.
It asked its franchise members about how their own business will fare in 2006 and their views on the franchising industry as a whole and for both the outlook was optimistic.
More than two-thirds of franchisers (68 per cent) believe their firm will perform well this year, with half saying future progress will be "very good" and around a fifth thinking it will be "somewhat good".
With franchising overall, 27 per cent commented that the industry is doing "very good" and 43 per cent described it as "somewhat good".
Franchise growth predictions optimistic - To learn more about this author, visit Diarmuid Kieran's Website.
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A significant number of franchisees are confident that their business will make good progress over the next few years and become very profitable, according to a new survey.
The 2006 Industry Report on Franchisee Satisfaction by Franchise Business Review, a national franchise market research firm, revealed that 72 per cent of franchisees believe the growth opportunity for their individual franchise is either strong or very strong.
There were also many upbeat responses from franchise owners about the companies they work for, as 87 per cent gave their franchise systems an overall positive rating, while 92 per cent are pleased with the quality of the products and support services provided.
Eric Stites, president of Franchise Business Review, said: "The US economy may be weakening in many places but franchisees are very positive about their growth.
"When you consider the little known fact that the top 50 public franchise companies have outperformed the Standard and Poor 500 by 70 per cent over the last six years, you can understand why franchise owners are so optimistic. More people should stop watching the stock market tumble and consider buying a franchise business."
In addition, on the issue of business ethics, franchise companies received a 91 per cent favorable rating.
Franchise Business Review said this was its "most comprehensive study ever done on franchise owner satisfaction".
More than 10,000 franchise owners from hundreds of franchisers in over 50 industry sectors took part in the survey and answered questions on a range of topics, including franchisee training and support, system quality, franchisor/franchisee relations, financial opportunity and overall satisfaction.
These results reflected similar positive figures from a survey earlier this year, which was carried out by the International Franchise Association.
It asked its franchise members about how their own business will fare in 2006 and their views on the franchising industry as a whole and for both the outlook was optimistic.
More than two-thirds of franchisers (68 per cent) believe their firm will perform well this year, with half saying future progress will be "very good" and around a fifth thinking it will be "somewhat good".
With franchising overall, 27 per cent commented that the industry is doing "very good" and 43 per cent described it as "somewhat good".
Franchise growth predictions optimistic - To learn more about this author, visit Diarmuid Kieran's Website.
Like this article? Share it with your friends
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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