According to the U.S. Bureau of Labor Statistics, one out of every five businesses fail within the first year. Nearly 50% go out of business within five years. However, the rate is significantly lower for franchisees, with some studies showing that fewer than 5% fail...
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Month: July 2022
3 considerations for prospective franchisees during a period of inflation
Many aspiring business owners believe it is counterintuitive to launch a new venture during a time of economic instability. However, opportunities exist despite the effects of inflation and rising interest rates. Inflation in the U.S. hit a 40-year high this spring,...