Research has shown that of all businesses starting today, only 20% will still be trading in 5 years time. With franchising these figures are reversed. The reason for this represents the other benefits of franchising. Franchising is the safest road to success for the new "Businessperson". It is a proven business concept that originated in the United States over 100 years ago, first with Singer Sewing Machine Company and then with General Motors. During the last 50 years, franchising has exploded into the single most successful marketing concept ever invented. Now, franchising is contributing Trillions of US$ to the world's economy in sales of goods and services and employed over 24,000,000 people. |