New Mobile App Helps Franchise Development Teams Improve Contact Rates
Norfolk, Virginia, February 7, 2020 — Franchise Ventures released a new tool to help franchise development teams improve early engagement with prospective franchisees. The Franchise Insights mobile app makes it easier to quickly respond to new prospects, and helps unify each prospect conversation across phone, email and text. “The mobile app helps franchise development teams […]
Franchise Gator Releases 7th Annual Top 100 Franchises List for 2020
Franchise Gator has released the 2020 Top 100 list, a ranking of the top franchise opportunities for the upcoming year. This is the 7th year that Franchise Gator has been publishing the list. The Top 100 list was developed to assist future franchise buyers in identifying opportunities with a track record of success and in an […]
Georgia Leads the Nation in New Franchise Interest Index™
Georgia, Nevada and Florida led the nation with the highest levels of interest in buying a franchise in 2019, according to new data from Franchise Insights. The Franchise Interest Index™ reveals the relative interest of entrepreneurs making an investment inquiry by indexing proprietary data with state population on a per capita basis. An index of 100 […]
TMG Releases New White Paper: Travel, TripAdvisor & Trust
As travel websites have consolidated and Google Hotels has improved, the number of sites a traveler visits while booking their vacation has dropped drastically in the last five years. In 2015, Expedia research¹ showed that consumers visited up to 38 websites while booking; in 2017, Flip.to found² that 86% of leisure travelers visit 9 websites […]
Development Budgets Increasing For Franchises Across All Growth Stages
Over 63% of franchise systems plan to spend more to recruit new franchisees in 2020, and a closer look at key segments shows that confidence is strong in franchise systems in all stages of growth. Plans to maintain or increase spending were strong across emerging, established and large franchise systems, according to a survey across […]
More Than 63% of Franchisors Plan To Increase Recruitment Spend in 2020
In a strong showing of their confidence about the future, nearly two-thirds of franchises plan to spend more to recruit new franchisees in 2020, according to a survey across the Franchise Ventures demand-generation platform. “Business confidence is evident in franchises, the leading category of small businesses,” said Michael Alston, president of Franchise Ventures. “Growth-oriented franchises […]
Income Potential Ranks as No. 2 Motivation to Own a Business
While a desire to “by my own boss” is the No.1 motivation for people thinking about buying a business, the potential to earn more money ranks a strong No. 2, according to the business-buyer survey across the Franchise Ventures demand generation platform. Nearly three-quarters of respondents, or 72.5%, cite “income potential” as one of their […]
One Third of Prospective Small-Business Buyers Ready to Switch From Corporate Life
More than one-third of potential business buyers are motivated by a desire to stop “climbing the corporate ladder,” according to the survey across the Franchise Ventures demand generation platform. “In many cases, experienced managers and executives are ready to run their own show,” said Michael Alston, president of Franchise Ventures. “That can be a huge benefit to […]
‘Be Your Own Boss’ Tops List of Small-Business Ownership Motivations
The No. 1 reason that budding entrepreneurs want to own their own business is to “Be your own boss,” according to the survey across the Franchise Ventures demand generation platform. “Independence and controlling your own destiny is powerful motivator,” said Michael Alston, president of Franchise Ventures, “It’s telling that this is stronger than potential income in the […]
Millennials are the Fastest-Growing Segment of Future Franchisees
Following the broad trends in population demographics in the U.S., the age of franchise-investment prospects continues to shift younger in the latest quarterly analysis by Franchise Ventures. Generation X, ages 39-54, is the largest group ready to talk with franchisors, at 46.1% of all prospects in Q3 2019, but Millennials, ages 23-38, are growing at […]