Minority, Women Entrepreneurs Find More Opportunity in Franchise World
While there are many risks and hurdles involved in starting a new business, there are also many rewards. If you’re ready to start it up, but aren’t in the position (financially or otherwise) to risk it all in starting something new, you may consider franchising. Franchising offers many benefits to aspiring entrepreneurs, especially to minorities and women, who are seeing more opportunities in the franchise world in recent years.
According to data derived from the U.S. Census by the Small Business Administration, franchising trends show that minorities now own 21.1 percent of franchises with at least five workers, up from 15.8 percent 10 years ago.
StartupNation contributor Steve Friess, dives further into the study, and shares a personal story of a woman who wanted to start her own business and found success through franchising. The article also cites various surveys and research metrics related to minority entrepreneurship and small business.
Read the full article here.
Hemsworth Welcomes Main Line Brands, Dr. Raj Gupta to Client Roster
FORT LAUDERDALE, Fla. – (April 16, 2024) – Hemsworth, a top-ranked, award-winning global communications agency specializing in brand strategy, public relations and social media, today announced the addition of two new clients. Effective immediately, Main Line Brands – including portfolio of home and commercial service companies, Mosquito Authority, Pest Authority and Fitness Machine Technicians – have joined the Hemsworth: Franchise Brands division. Additionally, holistic wellness expert Dr. Raj Gupta has joined the Hemsworth: Lifestyle division.
What Are The Best Business Opportunities You Can Open Right Now?
When you should open your business is just as important as where you open it. Here are several resources and a spark of hope around starting a franchise in a down economy.
Breaking Down an FDD
Once you've found a franchise (or multiple franchises) that you are interested, the real research and diligence process begins. You need to figure out whether the franchise you are looking at really makes sense for you from a financial and lifestyle perspective. Your best source of information for all of this is the Franchise Disclosure Document, or FDD.
