Record Breaking Year for FSBI Brands Posting Phenomenal Revenue Increase of 30 Percent
October 01, 2009 // Franchising.com // Southbury, CT – Despite the economic recession and franchise industry predictions of lagging growth for 2009, FranchisEsource Brands International (FSBI) brands are posting phenomenal financials for the first three quarters of 2009 including 30 percent overall revenue gains and 46.2 percent growth in franchise awards.
"Our brands are attracting the business-savvy, corporate experienced individuals who now want to take control of their future and parlay their skills into a new career direction," said Terry Powell, CEO of (FSBI). "Business coaching has become a highly-sought after service in the small business market and overall a lucrative career," said Powell.
"One of the major criteria influencing someone getting into a franchise business is the confident they gain when they observe average growth of a brand," said Bob Gappa, president Management 2000, a leading consulting company helping existing and new brands who want to use franchising as a primary growth strategy. "In the case of FSBI brands, the growth is not average, but way beyond expectation in a normal economy, and bordering on superlative given the economic performance in the past 18 months. Anyone looking at FSBI can gain confidence that they would be joining a company of brands that is growing," he added.
FSBI's business coaching brands are all-inclusive resources for today's small to mid-size business market. They include The Entrepreneur's Source and sister companies AdviCoach,. Business Partner Marketing Coach, and Expense Reduction Consulting®, ERC. FSBI's business coaching brands dominate the $1.5 billion dollar Business Coaching/Consulting franchise market with 33 percent market share in North America.
FSBI's Decor&You, as market leader and one of the largest interior decorating franchises in the $7 billion interior design industry, is benefitting from the "nesting or cocooning trend" where people are reinvesting in their homes versus spending money luxuries that are not affordable in today economy. FSBI's Decor&You is on the forefront of the fastest growing segment in franchising - women-owned franchise companies. In support of this trend, FSBI proudly sponsors WEBB, or Women Empowered By Business, an organization that promotes and empowers women who are seeking to become knowledgeable and self-sufficient members of the business world. .
"Despite the negative economy, all FSBI brands are experiencing explosive growth and breaking revenues records every day," says Terry Powell. "We have aggressive goals to both continue to grow market share and seek out business brands that complement our mission at FSBI," he added.
"The franchise sector, which now has an economic impact of $2.3 trillion provides jobs employment for over 21 million Americans. According to the International Franchise Association (IFA) every $1 million invested in franchise business ownership equates to 34 new jobs and $3.4 million in economic output for the US economy.
FranchisEsource Brands International
FranchisEsource Brands International (FSBI) is a multi-brand franchisor with high-performance brands dedicated to the advancement of the entrepreneur. Today, FSBI's Coaching brands dominate the $1.5 billion dollar Business Coaching/Consulting franchise market with 33 percent market share in North America. With its 25-year history, Terry Powell, CEO of FSBI, is recognized as the founder of the Business Coaching profession with the establishment of The Entrepreneur's Source, AdviCoach, Business Partner Marketing Coach, Expense Reduction Consulting®, Decor & You, WEBBwww.FranchiseSearch.com, www.FranchiseMatch.com. Additional news on FSBI brands can be viewed at www.FranchiseNewsroom.com. Check out our franchise blog and business coaching blog and join in on the conversation.