Minority, Women Entrepreneurs Find More Opportunity in Franchise World
While there are many risks and hurdles involved in starting a new business, there are also many rewards. If you’re ready to start it up, but aren’t in the position (financially or otherwise) to risk it all in starting something new, you may consider franchising. Franchising offers many benefits to aspiring entrepreneurs, especially to minorities and women, who are seeing more opportunities in the franchise world in recent years.
According to data derived from the U.S. Census by the Small Business Administration, franchising trends show that minorities now own 21.1 percent of franchises with at least five workers, up from 15.8 percent 10 years ago.
StartupNation contributor Steve Friess, dives further into the study, and shares a personal story of a woman who wanted to start her own business and found success through franchising. The article also cites various surveys and research metrics related to minority entrepreneurship and small business.
Read the full article here.
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It's no secret that starting your own business can be a very time-consuming endeavor. But what if you could run that business from the comfort of your own home? Believe it or not, this is a possibility with many franchises! In this blog post, we will discuss how much time it takes to run a franchise from home and some of the pros and cons of doing so. We will also provide tips for making the most of your at-home franchise experience!
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