Steady Growth Continues for Franchise Businesses in 2013
Looking for a change? Ready to leave behind the drudgery and be your own boss? Seriously, if one of your resolutions this year is the same one you made LAST year – to start your own business, then perhaps the time is right to take a close look at a low-employee business that’s right for you…
Why a franchise? Two reasons. The first is that franchising is forecasting continued growth. The second is keeping your business below the 50-employee threshold reduces complications from the uncertainties surrounding the Affordable Care Act set to take effect in 2014.
According to a recent report prepared by the IHS Global Insight group, the franchise industry as a whole will continue to outpace growth in other business sectors in the areas of new business formation, job creation, output and contributions to U.S. gross domestic product (GDP).
Certainly the current political maneuverings have created uncertainty, but as things get resolved the forecast is for growth in 2013. Take a look at these statistics:
– 10,227 more franchise establishments in the U.S. by the end of the year (1.4% increase)
– 162,000 more jobs created in franchise establishments (2.0% increase)
– $33 billion more in ‘output’ (i.e. Sales) by the end of 2013 (4.3% increase)
So if your New Year’s resolution this year sounds an awful lot like the one you made last year, yet you’re still in the same job… you owe it to yourself to take a closer look at a franchise. And if your inner compass has you pointed towards making an impact on your community, especially towards helping young children, then a FasTracKids franchise just might be the right fit for you.