Want to Own Your Own Business? Consider a Microfranchise
AllBusiness.com
MAY 30, 2024
Franchising is an increasingly important part of the American business landscape. There were about 800,000 franchise businesses in the U.S. in 2023, with an economic output of around $860 billion. Franchising is expected to add 221,000 jobs in 2024. Franchising offers grassroots entrepreneurs a chance to get into business for themselves. The franchising model combines a potent mix of capital, brand, and initiative.
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