The International Franchising Association (IFA) and FRANData recently released their economic outlook report for 2026, and the future of franchising is looking bright. According to the report, the franchise industry will surpass 845,000 operational units nationwide this year and pump more than $921 billion into the economy.
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Health and wellness, pet care, and residential services – these are some of the top trending industries for consumers right now. In addition, these same market sectors are among those choosing franchising as their preferred method for growth.
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What sort of qualities make for a good franchisee? Sure, not every individual will lead, manage, or operate a business in the same way, but there are some characteristics that tend to stand out among successful franchisees.
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In the world of franchising, we often emphasize the process of developing a franchise concept. We take you from the ground up, discussing the legal aspects of franchising, branding requirements, and operational and training systems that will frame future franchise units.
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Franchise operators are often looking for more opportunities to open additional locations. Each franchise agreement not only represents a new partnership between a franchisor and franchisee, but another chapter of growth in new and existing territories.
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Economic strain has been a constant conversation for the last several years. Like many things, the economy suffered immense disruptions during and after the COVID-19 pandemic.
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Franchise development can be complex. Surrounded by mounds of paperwork, legal requirements, manuals, and more, it comes as no surprise when we hear business owners express apprehension when considering the idea of franchising their business.
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An average consumer may know how to spot inconsistent service, long wait times, poorly maintained facilities, reputation issues, and other hallmarks of an underperforming business.
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Some of the most widely recognized brands are franchises. From Jimmy John's sandwiches to SportClips haircuts to Hilton hotel stays to RE/MAX real estate listings, franchising remains a powerful engine for expanding businesses in any product or service industry, and there’s plenty of reasons why.
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