Industry Trends
Eureka! Franchises in California Empower People to Achieve Their Dreams of Self-Sufficiency
Being entrepreneurs themselves, franchisors are passionate about helping Americans achieve their dreams of self-sufficiency and are enthusiastic about making a positive impact by filling a specific need in the market.
What they might not know, however, is how much their franchise system contributes to the national economy, employment and job market, and the national GDP.
According to franchiseeconomy.com, in 2019, franchise systems supported 8.4 million direct jobs, and created $787.5 billion of economic output for the US economy, resulting in 3% of the total Gross Domestic Product (GDP).
On the state level, franchisors contribute greatly to local communities. For example, in California, there are over 75,800 franchise establishments supporting 728,900 jobs. This generates $28.8 billion in output and contributes $49.9 billion of the GDP.
Franchisors have every right to be proud of being part of the economic engine that is franchising, and The Entrepreneur’s Source is also honored to contribute to these numbers.
Not only are we a franchisor ourselves, but over the last 36 years, our Career Ownership® Coaches have collaborated with franchisor members to help tens of thousands of clients achieve their dreams of career ownership and self-sufficiency.
Our sole focus is in helping individuals who suffer from the Battered Career Syndrome® and Battered Investor Syndrome® explore investment options and alternative career possibilities outside of the job market to make positive changes to their financial and professional futures.
95% of our clients who invest in a franchise admittedly end up in something they never would have looked at on their own, or looked at but prematurely dismissed, prior to working with a TES Coach.
If you are a franchisor who is interested in guiding individuals through an educational-based and discovery experience to empower your next potential franchisees, reach out today to learn more about becoming a franchisor member with The Entrepreneur’s Source.
Career Ownership Coach, Battered Investor Syndrome, and Battered Career Syndrome are registered trademarks of The Entrepreneur’s Source.