The Economy is “Nil Sine Franchising” – Nothing without Colorado’s Franchises
It is well-known in franchising that the franchise business model is historically the most successful form of business ownership, with franchisees leveraging ongoing and dedicated support from the franchisor, proven practices and systems, and widespread brand recognition.
Being entrepreneurs themselves, franchisors are passionate about helping Americans achieve their dreams of career ownership and self-sufficiency and making a positive impact with their franchisees by filling a specific need in the market.
But what franchisors might not know is how much they positively contribute 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. In Colorado, for example, there are over 15,600 franchise locations directly supporting 150,400 jobs. This generates $13.4billion in output, and contributes $8.1 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 feels privileged to contribute to these numbers as well.
Not only are we a franchisor ourselves, but our Career Ownership® Coaches have worked with tens of thousands of clients throughout our 36 years in business, collaborating with franchisor members to help individuals achieve their dreams of career ownership and self-sufficiency.
Our sole purpose is in helping individuals who suffer from the Battered Career Syndrome® explore investment options and alternative career possibilities outside of the job market by providing education, awareness, and discovery to help them reach a point of clarity about their professional future for what’s best for themselves and their families.
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 Career Ownership Coach™.
If you are a franchisor who is interested in guiding individuals through an education-based experience to discover your next potential franchisees, reach out today to learn more about becoming a franchisor member with The Entrepreneur’s Source.
Career Ownership Coach and Battered Career Syndrome are a registered trademarks of The Entrepreneur’s Source.