{"id":56,"date":"2020-03-23T15:54:57","date_gmt":"2020-03-23T19:54:57","guid":{"rendered":"https:\/\/www.smallbusinessstartup.com\/insights\/?p=56"},"modified":"2022-07-19T12:47:31","modified_gmt":"2022-07-19T16:47:31","slug":"franchising-drives-your-local-economy","status":"publish","type":"post","link":"https:\/\/www.smallbusinessstartup.com\/insights\/franchising-drives-your-local-economy\/","title":{"rendered":"Franchising Drives Your Local Economy"},"content":{"rendered":"<p>If you aren\u2019t familiar with <a href=\"https:\/\/www.smallbusinessstartup.com\/business-franchises2.html\">franchises<\/a> you may be surprised to know just how significant to your local economy they are. Your favorite ice cream parlor? The fitness studio across the street from your office? That friendly landscaper that does your spring cleaning every year? You might be surprised to learn that they\u2019re all franchises. A franchised business is owned by a local entrepreneur who has purchased rights to the brand, service and support systems of an established parent organization (the franchisor).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-58\" src=\"https:\/\/www.smallbusinessstartup.com\/insights\/wp-content\/uploads\/2020\/03\/Untitled-1.jpg\" alt=\"Franchising Drives Your Local Economy\" width=\"673\" height=\"337\" srcset=\"https:\/\/www.smallbusinessstartup.com\/insights\/wp-content\/uploads\/2020\/03\/Untitled-1.jpg 673w, https:\/\/www.smallbusinessstartup.com\/insights\/wp-content\/uploads\/2020\/03\/Untitled-1-300x150.jpg 300w\" sizes=\"auto, (max-width: 673px) 100vw, 673px\" \/><\/p>\n<p>According to a <a href=\"https:\/\/franchiseeconomy.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">study by the International Franchise Association<\/a> in 2018, there are an estimated 785,316 franchise establishments in the United States, employing over 8 million Americans. These businesses are expected to contribute as much as $800 billion into the economy in 2020, almost all of it at the local levels. Ranging across a diverse set of categories, franchises are an indispensable vehicle for small business ownership and job creation.<\/p>\n<p>For prospective small business owners, there is an overwhelming range of franchise opportunities to explore. There are franchises in search of new owners in your city or town that align with almost every professional background or interest &#8212; and at a range of investment levels. We launched SmallBusinessStartup, in part, to help aspiring entrepreneurs discover the world of franchising and everything it has to offer. Take our <a href=\"https:\/\/www.smallbusinessstartup.com\/quiz\/\" target=\"_blank\" rel=\"noopener noreferrer\">Startup Quiz<\/a> to find franchise opportunities that can help you unlock your dreams of small business ownership.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you aren\u2019t familiar with franchises you may be surprised to know just how significant to your local economy they are. Your favorite ice cream parlor? The fitness studio across the street from your office? That friendly landscaper that does your spring cleaning every year? You might be surprised to learn that they\u2019re all franchises.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":90,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-56","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insights"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Franchising Drives Your Local Economy - Small Business Startup Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smallbusinessstartup.com\/insights\/franchising-drives-your-local-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franchising Drives Your Local Economy - Small Business Startup Insights\" \/>\n<meta property=\"og:description\" content=\"If you aren\u2019t familiar with franchises you may be surprised to know just how significant to your local economy they are. 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