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Given that franchising clearly offers aspiring new business owners the best possible chance of succeeding with the least amount of risk, the growth of franchising is inevitable.
Within the next several years, franchising will comprise over 50% of the retail economy and employ millions of people. Existing franchise systems will continue to grow and new franchise concepts will be introduced to meet growing demand and the move toward free market economies. This will enable hundreds of thousands of people to realize their dream of successful business ownership.
We are also seeing a move toward better protection of franchisee rights. This will push franchisors to structure relationships with franchisees in a totally win/win manner.
In short, franchising is evolving for the better. There are now greater opportunities for wealth creation among both franchisees and franchisors then ever before.
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Canada has the second largest franchise industry in the world, led only by the U.S...
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