Some of America’s most successful and culturally significant businesses are franchises. The business model has long been one of the most efficient at delivering quality service throughout a distributed organization. But franchises have had ups and downs and are always competing with the newest disruptive business model to come along.
Today, however, is a good time to be in franchising for a few good reasons. Apart from a generally up economy, strong consumer spending, and easy access to financing, franchises are benefiting from other market forces as well.