Joel LibavaAccording to an International Franchise Association study, for every 1 million dollars of lending obtained by franchised small
businesses, 34.1 jobs are created and $3.6 million in annual economic
output is realized. But based on the current conditions, franchise
lending could be curtailed by as much as 40 percent this year.
Another words, the CIT debacle that is not being taken seriously by the US Government, could really hamper the franchise industry's recovery.
Could it be time for franchise industry leaders to get on the phone with their elected leaders?
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Keith Girard over at AllBusiness.com gives a lot of franchise food for thought in his recent article.
Please read it.
Is the franchise industry important to the nations recovery?
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About the Author
Joel Libava is The Franchise King® — an independent franchise advisor with 25+ years in the industry, two published books on franchising, and his writing has been featured in The New York Times, Forbes, CNBC, Entrepreneur® Magazine and others. In addition, he wrote exclusively for the U.S. Small Business Administration blog for eight years. He doesn't sell franchises. Instead, Joel helps you figure out if franchise ownership is actually right for you — and if it is, teaches you his powerful, proven-to-work franchise research techniques, so you can make a smart, informed decision on a franchise to own and be your own boss.
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