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Franchising is widely recognized as one of the most effective ways of doing and strengthening business. In both developed and disadvantaged markets, franchising has proven an effective means of promoting business growth, private ownership and skills transfer. Franchising generates new incomes and additional jobs, boosting local economies and raising the standard of living of local populations. Franchising helps nurture and develop entrepreneurial talent and attracts workers to formal employment.
Franchising opens new business opportunities for individuals by giving them access to well-established business systems, and backing them with expert services and operational support. Companies that franchise their operations benefit from an enhanced rate of growth, with reduced risk, capital and staff requirements, and diversified revenue streams.
Today, national and local governments around the world, including the UK, are actively seeking to promote franchising as part of their social and economic development plans. |
