Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Optimizing Your Business for Mobile - Not too long ago, your business would be considered tech savvy if your website was easy to read on a smartphone and employees could access their emails on the go.

But, with how quickly the digital world is moving these days, this is just the beginning...

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started

Common Succession Planning - Legacy planning, as owners of family businesses know, is essential for the continued success of the business.

However, that doesn’t always mean that owners take the right steps to ensure a seamless

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Kaeser & Blair Promotional Products
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
 
Resource Center > Article
Where Did Franchising Come From Anyway?
9 Dec 09 Posted by: Kevin James Culp
in General Information
Share this Article:

The word “franchise” is of French origin and I bet you didn’t know dates back to the 14th century. Pronounced: \ˈfran-ˌchīz\ and usually functions as a noun but can also function as a transitive verb. The Etymology: Middle English, from Anglo-French, from franchir to free, from franc free. The word “franchise” initially had meanings similar to "freedom" or "free." The term “franchise” was originally associated with the granting of a privilege by an individual or group or even a government.

After World War II, franchising became popular in the United States. Did you know that the Singer Sewing Machine Co. was the first business in the United States to use a franchising business model? In that same time period, a number of gasoline companies adopted the method of franchising as a way to expand and in turn, found that it was a very effective way of doing business.

Today, according to the International Franchise Association (IFA), almost 4% of all small businesses in the U.S. are franchises. It’s an astounding fact that a new franchise business opens every eight minutes of every business day! There are an estimated 1,500 different franchisors and are believed to be more than 750,000 franchise businesses in the U.S. As a whole, the franchising industry and related businesses employs over 18 million people in the U.S. and as of 2004, it is estimated that franchise businesses were responsible for over 1.5 trillion of our economic output! The franchise industry accounts for approximately 40% of all retail sales in the U.S. The average investment less real estate to buy into a franchise is $30,000 to $250,000. Mobile and home-based business franchises make up the most affordable buy-in category.

In my next blog, I will provide a list of great franchises where you can seek out information including which traps to avoid assisting you in your path to financial franchise freedom.

Carpe Diem My Friends!

References:
Merriam-Webster Encyclopedia
Small Business Administration (SBA)
International Franchise Association (IFA)

Related Blog Posts
6 May 17 Posted by: Kevin James Culp
in General Information

Getting Started CRM - Customer Relationship Management software, usually called CRM, can keep your customers happy and boost your sales. The right one makes it easy to track who is buying from you and where they are in the sales cycle.

Getting Started
4 Mar 16 Posted by: Kevin James Culp
in General Information

Every Spring is when more shoppers start to get outside and enjoy the nicer weather. This is also the time that things heat up with entrepreneurs.

Chicago Business Opportunities - More businesses and purchased in Spring than in Winter usually so why not find your next
22 Jul 15 Posted by: Kevin James Culp
in General Information
Timing your offer when you use text message marketing is essential. Sending a well thought-out deal at the right time will increase your rates of return exponentially. Here is a look at four ways to use timing to get the most out of your mobile marketing efforts. The Customer Decides The...
15 Jul 15 Posted by: Kevin James Culp
in General Information
Internet Down! It’s not the end of the world when your Internet connection fails. With Internet business, opportunity to get things done offline is hard to find. So look at downtime as a heaven-sent opportunity to leave virtual reality behind and touch base with your real reality. Being offline shouldn’t...
28 Dec 14 Posted by: Kevin James Culp
in General Information
The Special Sauce – Opportunity Feed vol. 1.8 - Business Opportunity SEO: This article assumes that you know what ‘Google Penguin 1.0 and Google Penguin 2.0 (released just this May 22nd)’ are and more importantly, how the Penguin algorithm affects your website and possibly even your...
 
   

Entrepreneur Exchange is our forum where we interview the Influencers, CEO's, Author's, Business Owners Of All Types, Shapes and Sizes.

Entrepreneur Exchange: Today, we sat down with Marc Winkelman, CEO of
Video Spotlight

Become a Dealer For Our Portable Self Loading Forklift! We Want To Talk With You. Call Us Toll-Free for Additional Information at 1-866-924-LIFT (5438) Today!


Premium Sponsor