Las Vegas, NV --(PR.com)-- Entrepreneur Magazine announced its 31st Annual Franchise 500 award winners for 2010. In the Business Coaching category, ActionCOACH took top honors, ranking No. 1 for the seventh consecutive year.
In addition, ActionCOACH ranked at No. 65 out of the top 500 franchises. Last year, ActionCOACH ranked at No. 103; 2010's ranking is up 38 spots from last year.
"We are extremely pleased and honored; this is our best ranking ever," ActionCOACH founder and chairman Brad Sugars said. "The fact that we've increased our rank in these trying times says a lot about our franchise."
Entrepreneur determines its Franchise 500 awards and rankings based on a number of factors that include financial stability, financial strength, growth rate and size of the franchise system. This increase in ActionCOACH's rank shows the company's industry strength, even in today's economy, and its positive reputation in the franchise industry.
"This is a sign of the hard work the entire team has accomplished," he said. "Our franchisees, master franchisors and team at the Global Office have put forth a great level of work to enable us to ride out the economy and continue to gain success."
"The fact that we're the category leader in the Business Coaching category again shows our strength," he added. "We're proud of the growth in the business coaching industry as a whole; it's a fast-growing industry. But we're even more proud of the fact that we are still the leader in the category in the Franchise 500."
Sugars started ActionCOACH in 1993 from his home in Brisbane, Australia. In the past 15 years, the firm has grown into an internationally recognized and award-winning franchise with more than 1,000 offices in 26 countries.
ActionCOACH's rankings in last year's Franchise 500 list include: No. 1 in the Business Coaching category; No. 103 in the Franchise 500; No. 25 Top Home Based Franchise and No. 82 as America's Top Global Franchise.
ActionCOACH is the world's number one business coaching and executive coaching franchise with more than 1,000 offices in 26 countries.