Every year is filled with lists that explain the wealthiest companies or the richest billionaires. None are as authoritative as the Fortune 500. The 2011 version was released late last week and we were delighted to see a few franchises on the list.
For decades, the Fortune 500 has been America's arbiter of true wealth and success. The Fortune 500 ranks America's largest corporations by revenue and profit, and was topped by Walmart. You'll also find the likes of Exxon Mobil and General Electric in the top 10. Notably, though, a number of franchises were included in the rankings.
McDonald's, of course, made the list. They were ranked 111th after their revenues were up 5.8 percent from 2009)and their profits were up 8.7 percent. 103 places behind that was Yum! Brands, the franchise company driving franchising in China, with businesses like KFC, Taco Bell and Pizza Hut under their umbrella.
It's remarkable to see franchises like McDonald's and Yum! competing with the biggest American companies on the marketplace. What's unique about them is that much of their wealth is generated by the initiative and talent of everyday franchisees, as opposed to a top-down chain-driven system. Here's a salute to those franchisees who are helping their franchisor rank among the world's biggest businesses.