There are many good reasons why an entrepreneur might choose the franchise route to small business ownership and success. Most prominent, perhaps, is the fact that the wheel does not have to be invented, or re-invented. Consumers know what to expect from a franchise business, and that’s a big plus for business/franchise owners.
CNNMoney.com offers an excellent rundown on the top 10 franchises, including a brief summary on each, including failure rates.
Raymond J. Keating
Chief Economist
Small Business & Entrepreneurship Council
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