The Entrepreneur's Source(R) Provides Franchisors a Passport to Overseas Growth
Expands International Division to Meet Pent Up Demand for U.S. Franchises Overseas; Drives Candidates in Foreign Countries to Franchisors Seeking Increased Expansion Internationally
August 31, 2011 // Franchising.com // SOUTHBURY, Conn. – Recognized as a dominant force in U.S. business development with more than 25 years of experience supporting growth-focused franchise companies, The Entrepreneur's Source (TES) announced today the expansion of its international division. Focused on franchises seeking growth overseas, this is a key component of ZorSource™, the franchisor's one source resource powered by The Entrepreneur's Source.
"Eighty percent of the global economy is outside the United States, and the U.S.-based franchisor community forgets that sometimes," said Terry Powell, founder and CEO of TES. "TES is making enhancements to its international division to guide franchisors through the process of international growth, help them navigate the new markets, connect with the right candidates and award franchise agreements."
Recognizing that U.S. franchisors are pressed for time and resources, TES' international team is rolling out its Global Multiplier Initiative, a concept through which TES will participate in and host international franchise showcases on behalf of its franchisor partners. At the showcases, TES will connect with foreign-based franchise candidates and cultivate relationships for its U.S. franchise partners. This includes ongoing follow-up with candidates after the showcases to take them through the full validation process.
"The benefit to our partners is that they don't have to take on the international growth efforts themselves," added Powell. "In fact, we're doing most of the heavy lifting for them by sending our people overseas for weeks at a time, helping offset many of the fears franchisors have about growing internationally. Plus, we'll do the follow-up work, which means they don't have to give up much of their time at all."
With many years of experience in leading international development, TES' international services include assisting franchisors through important legal, cultural and translation processes. Aaron McMartin, TES' newly appointed Director of International Development, is overseeing the implementation of the new services. The seasoned franchise development professional has led franchise growth around the globe for many years at leading U.S.-based franchisors.
"Many companies are interested in expanding overseas, yet few have the knowledge and experience of building an international business," said McMartin, "We'll be there to provide initial guidance and ongoing support beginning with the planning and launch phases through the lead-generating and deal-signing processes."
As in the United States, many of the world's leading markets are experiencing a New Normal, where an increasing number of individuals are choosing to accept the challenge of starting or buying their own business. TES recognizes the need to support the global entrepreneurial movement, connecting today's leading franchise brands with the right candidates that lead to successful outcomes. The company's unique discovery process takes candidates on an enlightening journey to identify their desired lifestyle, goals and expectations. Candidates are then presented with franchise concepts that complement their goals.
About The Entrepreneur's Source®
The Entrepreneur's Source is North America's leading career and franchise Business Coaching Company dedicated to the entrepreneur, with more than 230 offices in the United States and Canada. With its unique E-Source Coach Advantage and partnership with E-Myth Worldwide®, TES offers a full range of services to individuals seeking alternate career options and to franchise businesses looking to increase performance. Today, E-Source dominates the $1.5 billion dollar Business Coaching/Consulting franchise market in North America. For more information on the services available for franchisors, please visit www.entrepreneurssource.com and www.zorsource.com.