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. Franchises have a more proven system of business and are more attractive to the type of potential business owner in the market today. We believe opening more franchises is the fastest way to create small business jobs."
The seminars offer free guidance to qualified potential business owners who have startup capital and are actively seeking to open a new business within the next year.
Kuban's company, FranNet, provides expert advice to transitioning workers, executives, and veterans, guiding them through franchise research and selection for the best fit. INC magazine recently ranked FranNet as one of the fastest growing companies in the U.S. and one of its top 10 franchise companies.
"Big corporations often steal the headlines, but small businesses, especially franchises, are where job creation is," said Kuban.
Franchising is booming in an otherwise sluggish economy and the International Franchise Association expects over 19,000 new franchised businesses to open this year. FRANdata, a franchise research firm, reports that the average new franchise creates 10 new jobs.
"As far as we know, Georgia was the only SBDC to use franchising to help create jobs," said Bonaparte. "On a recent call, centers from all over the country want to replicate it in their states."
It's a good thing too; Kuban and the SBDC expect to help open several new businesses in that time which could potentially create hundreds of jobs.
The next seminar is Thursday, November 10, 2011 (10am-12pm) at Kennesaw State University SBDC. RSVP to 770-423-6450 or visit the link below: