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Franchise Resources Archive: October, 2008

Vending franchises offer a terrific investment for entrepreneurs

October 29, 2008 / BLOG POST Market Trends and Stats About Franchising
The economic downturn is beginning to shift from Wall Street to Main Street. While financial experts remain uncertain about how long this economic turmoil will continue, the picture in the short-term is stark: banks have seriously slowed down lending lately and the cash flow that underpins the creation and growth of small businesses has stalled.Yet despite this uncertainty, every entrepreneur will... Read more.

Franchise Direct's Magic Number: 400,000,000,000

October 22, 2008 / BLOG POST
That's the number of cups of coffee consumed in one calendar year around the world. Good thing that Franchise Direct has a number of outstanding opportunities specializing in the world's popular beverage. Read more.

College Hunks Hauling Junk praised

October 16, 2008 / BLOG POST Young Entrepreneurs, Franchise Company Updates
We’ve discussed earlier the business revolution brought on by young entrepreneurs. Well, here’s proof positive: Nick Friedman and Omar Soliman of College Hunks Hauling Junk have been selected among Inc.com’s Top 30 Entrepreneurs Under 30. The junk hunks of haulage started their business to earn some money during their summer vacation in college, and the idea quickly took off. Their friendship wit... Read more.

Franchise Direct's Magic Number: 10,100,000

October 14, 2008 / BLOG POST Franchise Direct News and Notes
The number of women-owned businesses in America.  The latest research conducted by the Women's Research Center has found that there are over 10.1 million women-owned firms, with ownership defined as 50 percent or more state, throughout the country. These firms open employ 13 million people and contribute almost $2 trillion to the economy.Read more about the advances of women in business at the Wo... Read more.

Franchise Direct's Magic Number: 2,510,000

October 9, 2008 / BLOG POST
The number of self-employed people in Canada (according to government statistics from 2005) This figure represents 16% of the total Canadian workforce. Canada has seen a gradual rise in self-employment over the last ten years.Read more about it here. Read more.

Pedal to the floor: the advantages of an automotive franchise

October 9, 2008 / BLOG POST Market Trends and Stats About Franchising
There no point in trying to gloss over the stark financial reality of the moment: everyone is feeling the economic pinch. Consumer confidence is low and banks have been forced to tighten their belts. For automotive franchises, the economic crisis couldn’t have come at a worse time. The skyrocketing price of oil in the last year has forced American drivers to deal with the reality that most driv... Read more.

Is a franchise a turnkey business?

October 2, 2008 / BLOG POST FAQ About Franchising
Even at times of economic uncertainty, turnkey businesses continue to be an appetizing prospect for people serious about being their own boss. For those unfamiliar with the phrase, a ‘turnkey’ franchise is essentially one where the franchisee can walk in on the first day, and in effect ‘turn the key’ on their new business.   This is because the business owner has pr... Read more.

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