Discover the Economic Impact of Franchising

 

Tens of thousands of people across this nation are franchise owners, and for good reason. Franchises allow you to become a small business owner under the umbrella of an experienced business, with support from the company to bring new products and services to your neighborhood. Low-cost franchise opportunities allow for unlimited growth, allowing financial freedom and the chance to achieve both personal and professional goals.

Franchises start with a growing company that has a trusted brand and is looking to expand into new communities. As they grow and streamline their business, they open their doors to others. Franchisees can start their own business with the support of the established brand, bringing jobs and economic growth to their communities. These franchise owners can support their families as well as give back to neighborhood schools and organizations.

Franchises make a significant impact on the national economy. Franchising directly contributes $674.3 billion in economic output, accounting for roughly 2.5 percent of private sector U.S. GDP. Franchising not only offers opportunities to entrepreneurs but also supports more than 7.6 million direct jobs nationwide.

All these jobs and income start with the franchise owner themselves. Owning a franchise is low cost upfront which allows the owner to quickly turn a profit. If you’ve always wanted to start a business, but are afraid to take such a large financial risk, you should consider opening a franchise.

Unlike starting a new business from scratch, becoming a franchisee allows owners to take advantage of proven practices and a trusted brand name. This greatly increases your chance of success. The U.S. Department of Commerce found that less than 5 percent of franchise businesses are closed each year while the U.S. Small Business Administration found that 62 percent of non-franchised businesses failed within the first 6 years of their existence. Become a small business owner and achieve your professional and personal goals with a low-cost franchise opportunity at Office Pride.

The financial freedom of business ownership allows owners to give back to their own communities and achieve an ideal work-life balance. As a small business owner, you can make your own hours to ensure you make it to your child’s recital or important family event. Become an inspirational figure in your own community, while you continue to grow your own business. It’s not just an economic impact, it’s a life impact.

Office Pride offers continued support and mentoring to each franchisee. This includes a monthly strategic phone call for the first six months, peer groups to share ideas and problems and discuss life balance and access to a custom audio and video library on numerous relevant topics.

Here at Office Pride, we do everything we can to set our franchisees up for success. Achieve the economic growth you can only find as a business owner and consider opening a franchise today.

 

 

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