FranNet Franchise News

Detailed Survey Shows 91% Success Rate for Franchises, 42% Higher Than Typical Small Businesses
LOUISVILLE, KY--(Marketwire - May 15, 2012) - FranNet, a national network of franchise consultants that helps aspiring entrepreneurs achieve franchise ownership, has released a detailed survey of the success and failure rates of franchise businesses.
The company conducted a detailed survey of 1,260 franchises it helped open from 2006 to 2010. The survey showed that 91.2 percent of the franchises FranNet helped open were still in business after two years.
This number contrasts sharply with data from a special tabulation by the Bureau of the Census produced for the Office of Advocacy of the U.S. Small Business Administration a decade ago, the most accurate and recent data available on small business success rates...

Vienna, VA, April 14, 2012 --(PR.com)--
What:
FranNet of Virginia is hosting its third biannual Capital Area Franchise Fair to help prospective entrepreneurs explore a variety of franchise options, understand the franchise model, and make informed decisions that will help them achieve their business and personal goals. FranNet of Virginia is a franchise matchmaking service in Northern Virginia and Washington, DC that regularly provides franchise education seminars to aspiring entrepreneurs through SCORE and the Virginia Small Business Development Centers; local, Federal, and State government agencies; and local military bases.
When:
May 15, 2012, 12:30pm- 5:00pm
Where:
The Tower Club8000 Towers Crescent Drive, Suite 1700Vienna, VA
Why:
FranNet of Virginia—in partnership with SCORE and Community Business Partnership—is sponsoring a series of workshops and a Resource Fair to educate aspiring entrepreneurs about some of the non-conventional options in franchising...

Franchise consultant network placed 33% more clients than in first three months of last year.
April 10, 2012 // Franchising.com // LOUISVILLE, KY. — FranNet, a North American network of more than 100 franchise consultants, placed 33 percent more clients into franchise ownership in the first three months of this year than in the same period in 2011 — a clear signal that the franchise industry is poised for a banner year.
“Our first-quarter data are wonderful news for FranNet and for the franchise industry as a whole,” said Jania Bailey, FranNet’s president and COO. “Franchising outperformed other sectors of the economy during the recession, and some of our efforts at outreach and education are beginning to pay off as the economy improves...

FranNet, the nation's leading franchise consulting firm, is facilitating a free franchise expo April 19 at Columbus State Community College in Delaware with close to a dozen franchises looking to expand in Central Ohio.
Columbus, OH (PRWEB) April 02, 2012 - With more than 900,000 nationwide, franchises are quickly becoming the nation’s largest portion of small business ownership and a driving force in the U.S. economy, helping to create many great opportunities for employment. FranNet, the nation’s leading franchise consulting firm, seeks to match hopeful entrepreneurs from around the country with the right franchise opportunity for them.
FranNet is facilitating a free franchise expo April 19 at Columbus State Community College in Delaware with close to a dozen franchises looking to expand in Central Ohio...

Franchise Continues to Support Veterans Seeking Employment
LOUISVILLE, KY--(Marketwire - Feb 7, 2012) - FranNet, an international network of franchise consultants, is donating money to the Wounded Warrior Project™ (WWP), a national nonprofit with a mission to honor and empower wounded warriors.
Several of FranNet's 100 franchise consultants are veterans themselves, and FranNet has been searching for the best way to help veterans of the war in Afghanistan and the just-concluded war in Iraq, said Jania Bailey, FranNet's president and chief operating officer.
"This is our way of recognizing their service to our country and the need for them to be brought back into society. We want to support that any way we can. It's something our group wholeheartedly embraced as the right thing to do," Bailey said...

Franchise Consultants Function as Headhunters Matching Corporate Workers With Franchise Systems
LOUISVILLE, KY--(Marketwire - Jan 4, 2012) - In the corporate world, employees are a business' most valuable asset. Companies go to great lengths to recruit top talent, hiring corporate recruiters, "headhunters," to identify and screen the best candidates.
To franchise systems, franchise owners are the most valuable asset, and companies are using FranNet to identify and recruit top-performing owners from the corporate world.
This matchmaking is revolutionizing the way franchise systems grow and is contributing greatly to job growth and the recovery of the economy.
"FranNet's job is to match client and franchise opportunity according to the client's skill set, passions and life goals," said FranNet President and COO Jania Bailey...

 Lack of Job Market Recovery Drives Franchise Industry Expansion
 LOUISVILLE, KY--(Marketwire - Dec 13, 2011) - The nation's job market will continue to struggle in 2012, opening more opportunities for former corporate executives and managers to reinvent their careers as franchise owners, say the franchise experts at FranNet.

FranNet, a national franchise consulting firm, works with a growing number of outplaced executives who are losing their corporate jobs. Many are considering franchise ownership as a career alternative.
"Since 2008, the franchise industry has been one of the few segments of the national economy that's shown consistent growth," said Jania Bailey, FranNet's COO. "In 2012, many corporate workers who have been out of work for months will realize they are not going to replace that six-figure income and will research franchise ownership as their next career move...

Franchise Consultant Network Helps Corporate Refugees Reinvent Their Careers Through Small Business Ownership
LOUISVILLE, KY--(Marketwire - Nov 1, 2011) - The Louisville Business Journal ranked FranNet, a North American network of franchise consultants, 12th in its "Fast 50" list of the Louisville area's fastest growing businesses.
The business publication held its annual awards luncheon Oct. 27 at the Kentucky International Convention Center before a record crowd of more than 600. FranNet, based in Louisville, recently made INC Magazine's list of the top 500 fastest-growing companies in America as well, having posted 792 percent revenue growth over the last three years and record 2010 revenue.
"In a down economy, franchise opportunities are some of the best business opportunities available for skilled professionals who have lost their jobs or decided to leave corporate America," said FranNet President and COO Jania Bailey...

FranNet's Leslie Kuban Working With GA SBDC to Jumpstart New Businesses
ATLANTA, GA--(Marketwire - Oct 27, 2011) - The Georgia Small Business Development Center network is turning to the franchise industry to help create much-needed jobs.
The SBDC partnered with FranNet consultant Leslie Kuban to help educate transitioning corporate workers, retiring executives and returning veterans about the options for starting new business in the franchise industry.
FranNet and the SBDC are hosting a series of free seminars funded by the Small Business Jobs Act, HR5297.
"When Congress funded HR5297, we realized that we needed to act," said Eric Bonaparte, Assistant State Director of the Georgia SBDC. "Our statistics show that eight out of 10 start-up businesses fail and that franchises typically have a higher success rate...

Widely Read Publication Cites FranNet's Rapid Growth and Revenue
LOUISVILLE, KY--(Marketwire - Sep 13, 2011) - FranNet, a national network of franchise consultants, has made the list of "Top 10 Franchises" in the 2011 INC 500, Inc. magazine's annual list of the fastest-growing privately held American companies.

The accompanying article highlights the Louisville, Ky.-based company's rapid growth and general success, with record 2010 revenues of $11.5 million. The list ranks franchises by their three-year growth rates; FranNet ranks seventh, at an impressive 792 percent.
FranNet works with corporate workers and executives who are leaving dwindling careers and helps them research and select a franchise business that fits their needs, skills and resources...

Networking and Education Critical to Small Business Success LOUISVILLE, KY--(Marketwire - Aug 23, 2011) - Corporate refugees and other potential new franchise owners now have even more resources available through a new partnership between FranNet and Business Network International, the world's largest business networking organization.

FranNet, a North American network of franchise consultants, and BNI will combine efforts to educate BNI's members about franchising and what it offers. FranNet will receive access to BNI's own educational materials, including blog and podcast content, and its consultants will help new franchisees tap into BNI's vast, global network of members.

"It is a great match and will leverage the resources of two key industry players that help both launch and sustain small businesses," said Jania Bailey, FranNet President and COO...

Franchise Consultants Help Open Record Number of New Businesses in 2011 LOUISVILLE, KY--(Marketwire - Aug 17, 2011) - Franchising is the economy's superstar. Growth of new franchised businesses is helping lift a still-sluggish economy, creating jobs and providing new options to corporate workers wanting a change.

FranNet, a North American network of franchise consultants who work with corporate workers seeking to change careers, has helped its clients open a record number of new franchised businesses in 2011.

"Big corporations often steal the headlines, but small businesses, especially franchises, are where job creation is," said Jania Bailey, FranNet President. "Our numbers for 2011 are sharply up and we're set to have a record year...

With School Budget Cuts, Parents Seek Help From Child-Focused Franchises LOUISVILLE, KY--(Marketwire - Jul 19, 2011) - FranNet, a national franchise consulting firm that helps corporate workers transition to franchise ownership, has seen a sharp increase in openings of new child education franchises.

"Child-focused franchises that specialize in extracurricular offerings such as computer classes, tutoring, art instruction and physical activities, including karate, are hot and getting hotter," said Jania Bailey, President of FranNet. "In 2008 and 2009, home health care franchises were the most popular and in late 2010 and throughout 2011, child service franchises have become our most popular."

This sector has emerged as a success story of the post-recession economy, a trend the Franchise Business Review documented in a recent research report...

Company presents rare opportunity to meet with executives from top franchise organizations. San Jose, CA, May 12, 2011 --(PR.com)-- With more and more people recognizing that franchising and entrepreneurship offer freedom and control in a turbulent economic climate, FranNet is presenting a rare opportunity to get up close and personal with executives from the top franchise organizations. A free event, The "Meet the Franchisors Workshop" will take place at two locations in the Bay Area on Thursday, June 9th. The morning session will be held in Santa Clara, at The Network Meeting Center at Techmart from 9 am to 11:30 am, and the afternoon session will be held at The Walnut Creek Marriott from 3 pm to 5:30 pm. Franchise executives will be available for interviews and media are encouraged to attend...

FranNet says an honest evaluation of motives and skills is a critical first step for success Louisville, KY (Grassroots Newswire) - As the economy continues to struggle toward recovery, the opportunity presented by franchise ownership continues to grow in appeal for many with an entrepreneurial spirit, according to the franchise experts at FranNet.

"Small business ownership isn't for everyone," said Jania Bailey, President and COO at FranNet. "But, for the right type of person, in the right circumstances, owning a business can bring financial and personal rewards far exceeding those offered by more traditional job paths."

For individuals interested in exploring the idea of small business ownership, Bailey offers this short "Entrepreneur's Checklist" to help evaluate their readiness and aptitude for taking on this challenge...

August 20, 2010 // Franchising.com // Louisville, KY – FranNet, an industry leader in advising clients in business ownership options and matching entrepreneurs to franchise opportunities, announced that the company was named to the prestigious Inc. 500 list, an exclusive ranking of the nation's most entrepreneurial and fastest growing companies in America. The list represents the most comprehensive look at the most important segment of the economy—America's independent-minded entrepreneurs. This is FranNet's first time appearing on the list.

Inc. magazine announced its annual Inc. 500 ranking of the fastest-growing private companies in the United States and spotlights companies in the September issue. The Inc. 500 list represents the top-tier businesses in America today...

SCORE and FranNet share the common goal to bring useful resources to entrepreneurs

September 15, 2008 // Franchise Update // Louisville, KY - Small businesses in America account for 50 percent of the private workforce, which makes personal entrepreneurship a vital component of the American economy. However, getting on the entrepreneurial path and making goals become a reality can be challenging. Therefore, FranNet, in cooperation with SCORE, presents the Road Map to Success booklet for anyone who seeks to put their ideas and dreams into action. The FranNet and SCORE alliance was announced at the Annual SCORE conference August 19th.

FranNet and SCORE are focused on bringing new and valuable educational resources to entrepreneurs...

Entrepreneurs considering franchising can now access a new online course from the U.S. Small Business Administration and FranNet to help them navigate the competitive franchise industry.

May 09, 2008 // Franchise Update // The introduction to franchising course, Franchising Basics, is a free online seminar which provides three key sections that examine more than 10 essential areas relating to franchising, including Is Franchising Right for You and How to Choose the Right Franchise. The course also covers franchising options, strategies for growth, and pitfalls to avoid. Course participants will be able to better understand franchising and decide if it is the best small business option for them.

The Franchising Basics course can be accessed from the SBA Web site at www...

(Louisville, KY)---When Jania Bailey was named FranNet's president and COO last August, she was ecstatic for several reasons. Not only was her new position an upward move professionally, but it kept her close to home.

Born and raised in Paducah, Bailey has strong ties to the region from both business and personal standpoints - so much so that FranNet relocated its headquarters to Louisville from Carlsbad, California last month.

"I've been a Louisville resident for the past 19 years and it's such an amazing city. I think FranNet moving its headquarters here will benefit everyone involved," said Bailey, 48. "Having the office located within the east coast time zone is extremely valuable for our business operations and the office itself is quite nice...

Franchising has been ingrained into the American lifestyle as much as football and fireworks, especially when one considers that a new franchise business opens every eight minutes of every business day.

There are an estimated 2,500 different franchisors operating in the United States and there are more than 500,000 franchise outlets in the country. Most consumers probably don't realize that the franchise industry accounts for 41 percent of all retail sales in the United States.

But what are the nuts and bolts of franchising? How exactly does it work?
Franchising might best be defined as a business opportunity in which individuals (franchisees) establish a relationship with a successful business (franchisor) and are given the rights to own and operate that business utilizing the franchisor's systems and brand...