Entrepreneurs Turn To Franchises
Washington Post:
Franchises are becoming an increasingly popular way to start a business without totally flying solo.
Today, there are more than 3,000 franchise brands that span 230 different types of businesses, according to a new study (pdf) from a unit of the International Franchise Association.
The fast-food category still remains king, but the services sector has experienced the largest increase in the number of new business concepts. The association includes health and fitness, publications, and security and consumer businesses in the services sector.
Health and fitness concepts saw a 156% increase in the number of establishments between 2000 and 2006. Commercial and residential cleaning franchises remain the category’s largest sector. Read more.
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