Wednesday, April 20, 2005

Franchising's Future Around the Globe

I recently joined 50 other Franchise Executives at a dinner with Matt Shay, the newly appointed President of the International Franchise Association.

It was interesting (and reassuring) to hear his appraisal of the future of franchising. In addition to working with Washington to strengthen the industry in the US, Matt's been working around the globe to help companies expanding internationally. Naturally, many companies are hopeful about future expansion in India and China--two nations that, combined are the homes of over 21% of the world's population.

As for current US data, Shay said that the most recent count of franchisors that have registered in the major states for three consecutive years total about 1,250 companies. Combined, he estimated, they service about 800,000 operating units in everything from brakes to burgers.

Clearly, franchising works!

For details about some great opportunities in the US, check The Franchise Doctor's site.