FranNet Expands Into Germany, Eyes Further Global Growth
Consulting Group Seeks to Expand International Footprint to Europe, Australia, Mexico, the Middle East, South America, South Africa, India and South East Asia
Louisville, KY (PRWEB) December 13, 2013 - FranNet, long positioned as North America’s most respected leader in matching individuals with franchise opportunities, is primed to become the world’s most respected franchise consulting company. With more than 25 years of experience in representing the strongest U.S. brands, FranNet plans to build an international team to help create more jobs and more business ownership opportunities across Europe, the Asia Pacific, Mexico, the Middle East, South America, South Africa and India.
The franchise consulting company recently purchased the assets of FranNet Germany and will use the acquisition as a springboard for extending its reach to other European countries throughout 2014 and 2015. Beyond Germany, FranNet is looking to assist aspiring entrepreneurs in European nations including the U.K., France, Spain, Portugal and Turkey.
"Many international and local franchises have indicated a strong interest in working with us to plant international roots worldwide. With our vision for the company, it made sense for us to move forward by growing globally," said Jania Bailey, FranNet’s president and COO. "The simple truth is the only way the global economy is going to improve is if more people are employed. At FranNet, we are committed to contributing to that growth through empowering entrepreneurs all over the world."
Through a free educational and consultative process that includes a personal franchise assessment, FranNet consultants determine which potential franchisors fit that individual’s needs, passions and business goals. The accuracy of the FranNet process is in the numbers. FranNet surveyed nearly 1,300 franchisee placements that the company made between 2006 and 2010, years which defined some of the country’s worst economic conditions in 70 years. Of those placements, nearly 92 percent were in business after two years, compared to about 64 percent of other small businesses. Additionally, nearly 85 percent were still in business after five years, compared to about 50 percent of other small businesses.
"A part of our job is to educate the prospect on the franchising industry, as well as identify which franchisors meet all of the candidate’s needs and desires, based on the extensive assessment and consultation we provide," said Bailey. "Our consultants use a vetting process that produces very real business opportunities for both the candidate and the franchisors we work with."
FranNet also pays close attention to the segments of the industry seeing the greatest growth, ensuring not only the right fit for each candidate, but also one that has the greatest potential for future success. By employing highly qualified business professionals who have a strong understanding of business opportunities in their region and country, FranNet’s consultants are able to help franchisees start a business and help grow their community.
"I am confident that we will have global success as we establish our brand across the world," Bailey said. "Our biggest challenge will be overcoming the cultural differences in each country, but the language of business growth is a language that’s common across the world. There is no doubt that our success in North America can be emulated worldwide."
FranNet is North America’s most respected leader in matching individuals with franchise opportunities. Based in Louisville, Ky., FranNet has more than 100 consultants across North America who use a proprietary profiling and consultative process to determine a business model unique to each client’s goals, skill sets and interests, and has matched thousands of entrepreneurs to rewarding small business opportunities. FranNet has been recognized by INC. magazine as one of the fastest growing private companies in America for the last four years.
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