According to the International Franchise Association, franchises are expected to create 247,000 new jobs in 2015—a 2.9 percent jump over last year—and outperform every segment of the overall economy for the fifth year in a row. Beyond the larger impact on employment, the rewards of franchising your own business include helping to expand your brand, giving you access to a handsome amount of capital, and recruiting passionate, knowledgeable talent in a relatively fast timeframe. But the downside for the franchisor is a certain loss of control over the management of a particular site and taking a smaller cut of the profits. Read on to learn whether franchising is the right next step for your business.
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