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Franchise systems continue to provide the widest possible
entrepreneurial opportunities for everyone. Franchised businesses are rapidly
adding jobs to a broad range of industries. In addition, franchise
companies are major contributors in the development of management and
technical skills that are vital in the creation of an experienced work
force, which is so important in building and strengthening our country and its economy.The mutually beneficial
relationship that exists between franchisors and franchisees makes
franchising unique in the world of business. It provides entrepreneurs
with an affordable means of accelerating expansion and achieving
development goals more quickly than might otherwise be the case, and
with far less risk. Similarly, franchisees have a head start because
of the support provided by the franchise system. Franchising means
being in business for yourself but not by yourself. Whether it's
accounting and financing, advertising and public relations, personnel
management, purchasing, or inventory control, franchisors are there to
provide “hands on,” one-to-one assistance. While franchising does
provide opportunities, it does not create miracles. Franchisees
combine knowledge and resources with entrepreneurial drive and spirit
to form a business relationship unique to franchising. Franchising is
a field of expanding economic opportunity in which each and every
person can play a part based on talent, initiative, and dedication.
