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The State of Michigan

View a brief outline here for the State of Michigan franchise profile. Find out how many franchised businesses are operating within Michigan and the annual economic output of its franchise industry.

You can also view valuable information on associations you can contact if you are interested in setting up or locating a francise within Michigan. Also you can view a recent pdf article relating to what you should know about franchising in Michigan and the types of questions you should be asking before investing in a franchise or business opportunity.

You will also find a short list of some of the franchise and business opportunities already operating within Michigan. Click on the individual links for more info on each profile…

The Mini Facts!

Nickname: The Great Lake State

Capital: Lansing

Population: 37.7 million

Franchise Fun Facts!

Franchised Businesses: 23,851

Employment in Franchising: 322,445

Economic Output of Franchising: $18.9 billion

Michigan amended its Franchise Law in 1984 which simplified the process by which franchisors register to do business in Michigan and place upon the prospective franchisor more responsibility in the evaluation of his/her new business relationship.

For a complete evaluation of franchising in Michigan you should visit The Official State of Michigan government web portal, and for information on franchising in particluar consult this pdf document: Michigan Franchise Guide

Some franchises operating in Michigan state:

Click on the links to view individual profiles for more information:

List of Franchises Arby’s Inc Athlete’s Foot Charley’s Grilled Subs Budget Blinds Computer Explorers Express Employment Professionals Gymboree KWIK KOPY Lawn Doctor Two Men and a Truck My Gym Subway

Associations you can contact:

Michigan Small Business & Technology Development Centers (SBTDC): To contact the Small Business & Technology Development centers in Michigan call 616-331-7480. The SBTDCs are better for those further along in business rather than those just starting a business.

Midwest Women Business Owners Development Team (EXCEL!)

600 W. Lafayette
Detroit, MI 48226
313.961.4748

Michigan Minority Business Development Council (MMBDC)
SBA’s Service Corps of Retired Executives (SCORE) is excellent for those first starting a business.

If you would like to leave me a comment on any franchise queries you may have please do so here and I will get back to you,

Have a great weekend,

Franchise Reporter

…indicate strong economic output and stable growth for all involved in the franchise industry.

If you ever needed a reason to invest in a franchise or business opportunity before, you will have plenty of reasons now to invest after the revelation of new franchise research findings conducted by PricewaterhouseCoopers on behalf of the IFA.

This research reveals in a positive light, how the franchise industry is outperforming many independent industries sectors and as a result contributes enormously to job creation and to the overall US economy.

These latest findings were revealed by IFA President and CEO Matthew Shay during a press conference at the National Press Club in Washington D.C. (March 12th April 2008). The following information is some of the main of the research and what it means for you as a potential franchisee:

1. “The franchise sector expanded by more than 18% from 2001-2005, adding more than 140,000 new businesses and 1.2 million new jobs to the nation’s economy.”(IFA Insider Newsletter, p. 1, March 17, 2008)

 

• This conveys how the franchise industry as an industry sector and indeed as an overall business system is extremely effective and is able to withstand any possible economic pressures incurred by a slow down in the economy.

  What does this signify for potential franchisees? It ensures you will be investing in a stable and recession-proof industry where you will benefit from an established and proven business model and a strong support network of successful franchisees which will make your success all the more greater.

2. “Economic output of franchises grew by more than 40% to $880 billion in 2005.”(IFA Insider, p.2)

• This fact reveals the franchise industry creates more jobs than some other independent business industries such as, the “durable goods manufacturing and financial activities sectors” and ensures the consistent success of the franchise industry as a viable and profitable economic entity to invest in…

3. “In sheer numbers, the jobs and payrolls of franchised businesses were greatest in California, Texas, Florida and Illinois in 2005. Franchising had the greatest impact on jobs and payroll in Nevada, New Mexico, Arizona, Mississippi and it accounted for the largest share of state output in Nevada, Arizona and Florida“. (IFA Insider, p.2)

• What does this signify for franchisees? A lot! Considering the fact payrolls amongst franchised businesses grew at a faster pace than any other businesses (within specific states) this has a much wider impact on local and national economic communities.

• Franchising has the potential to consistently create new jobs and contribute enormously to the economy that far exceeds independent business sectors contribution. This is an achievement in itself. As Matthew Shay notes “franchised businesses generate a significant amount of economic activity and stimulate more economic activity in non-franchises businesses” and this has inevitably increased healthy competition which is good news for the US economy and consumers.

4. “There are more than 900,000 franchised businesses in the country operating in more than 100 lines of business, including automobile, commercial and residential services, quick service and full-service restaurants, retail food, lodging, real estate, retail products and services, business services and personal services.” (IFA Insider, p.2)

• This reveals how the franchise industry can provide interested parties the opportunity to find a franchise or business opportunity that truly matches their own individual requirements. This is what makes the franchise industry appealing to so many people and why you should consider investing in your own business. As the old adage goes- “In business for yourself, but not by yourself”!

For a full statistical report of these findings, please visit IFA’s homepage, by clicking on the link here.

If you have any comments to make, please do not hesitate to contact me,

Franchise Reporter

Are you interested in investing in a franchise opportunity but you would like to hear from real-life franchisee how they have made it as a franchisee success? Now you can watch real-life franchisee interviews relating to why they chose to invest in a particluar franchise or business opportunity, and how they built a successful business. This week Franchise Direct interviews Shanna Allred on why she chose to invest in a Candy Bouquet franchise…

Click here to download & view Shanna Allred’s interview on her successful investment as a Candy Bouquet franchisee. Find your inspiration here…

About Candy Bouquet:In the late 1990s, Margaret McEntire was finding it difficult to find the time to make her innovative candy bouquets from her garage in her home town of Houston, Texas. She opened a tiny 90-square foot shop and her family supported her in the arranging of her candy bouquets.

She remembered what her husband had said in relation to her business- “If you get greedy in anything in life, you lose”, so Margaret decided to give her candy bouquets away free of charge.This created a wealth of enthusiasm from restaurants, businesses and individual customers who received her free candy bouquets and soon enough her Candy Bouquet franchise was born!

Now Margaret has an extensive franchise team, with over 815 franchises operating within 40 different countries. Shanna Allred is just one of the many who became inspired by Margaret’s unique business concept and motivation for success.

You can take the plunge and make a real difference like Shanna Allred did…

Franchise Reporter

Part-time franchises can help individuals create a profitable second income while retaining a healthy work/life balance at the same time. I am sure you are probably wondering how this is possible, and as many of you are already aware holding down two or three jobs can be stressful and extremely time consuming. But it need not be that way if you invest in a part-time franchise. Why? Simply because many part-time franchises enable franchisees to work from home and this saves a franchisee having to commute and allows them to be more time flexible.

Fair enough you will have to put in the extra hours to make your part-time franchise successful, but how much time and extra money you want to put in and profit with is entirely up to you. You are at the end of the day, the dictator of your own destiny and in essence your own boss. In some cases it is possible to make a lucrative second income while at the same time maintaining a healthy work/life balance. You need to be motivated and highly organized before you consider embarking on investing in a part-time franchise.

Take a look at the following successful low-cost franchise concepts that allow you to achieve this balance:

• The Back Rubber, Franchise Investment $1,800;
• EUREKA Specialty Wood Products, Franchise Investment $8,000;
• Shine Mark Systems, Franchise Investment $8,000;
• KWIK DRY, Franchise Investment $9,950;
• Theatre Fun, Franchise Investment $9,995;
• Moving Boxes Plus LLC, Franchise Investment $16,000
• AIS Media, Franchise Investment $19,995.

Everyone knows we are experiencing what may be referred to as an “economic downturn” but this does not mean we have to react negatively towards our work or career goals and save every penny we make! Rather if we look positively on increasing our incomes by entering into a recession proof part-time franchise that is low-cost and low-risk: you could secure a viable and profitable business for your future, one that if you wanted to, you could turn into a full time profitable career.

The choice really is yours.

If you would like to receive more information on recession-proof franchise and business opportunities operating in your area, let me know and I’ll write back to you…

Franchise Reporter

The 13th Annual International Franchise Exhibition which is sponsored by the International Franchise Association (IFA) begins this week on Friday 11th April and ends on Sunday 13th April at the Walter E. Washington Convention Center in Washington DC.

This is the largest franchise opportunities exhibition to be held throughout the year and it promises to be just as big as last year’s event. (over 13,000 visitors in 2007)

There will be 100’s of franchise and business opportunities exhibiting this week and it gives you a potential franchisee the perfect opportunity to find out more information relating to a franchise business you are interested in investing in. Click on this link to find a comprehensive listing of franchise exhibitors- there is over 300 franchises to choose from.

Show Hours:
Friday, April 11, 2008- 10am to 5pm
Saturday, April 12, 2008- 10am to 5pm
Sunday, April 13, 2008- 10am to 5pm

In addition to meeting face-to-face with franchisors there will also be free seminars for potential franchisees. These seminars are a combination of basic to advanced talks on how to approach franchising, what franchise opportunity to choose and lots more. Click on this link here, to find out more information on upcoming franchise seminar topics.

This is a perfect opportunity for anyone interested in finding out more info on any franchisor and its franchise concept, and is definitely worth attending if you are serious about franchising…

If you have any franchise related questions, please let me know and I’ll write back to you…

Franchise Reporter