Read Full Article on Forbes: Beyond Fast Food: Unveiling The Diverse World Of Franchising
The old adage says, "If you want to go fast, go alone. If you want to go far, go together." In business, you want to go far, and going together with a franchise is a great way to do that.
When the word franchising is mentioned, many people's minds immediately dart to fast-food chains. Indeed, some of the longest-standing and most prolific franchises belong to this sector. On the 2023 Entrepreneur Franchise 500, quick-service restaurants hold 11 of the top 15 spots.
But it’s a misconception that franchising automatically equals fast food. According to Franchising.com, there are more than 3,000 franchise brands operating in dozens of industries, including retail, hospitality, health care and technology. In fact, about one in seven businesses is a franchise.
So, for a new entrepreneur looking to start a business, franchising is worth considering. But first, you need to understand the basics.
About Doug Flaig
Doug Flaig, the president of Stratus Building Solutions, is a seasoned executive renowned for his leadership in franchising, telecommunications, and wireless infrastructure development. With a forward-thinking approach to complex challenges and a track record of executing strategic tactics to achieve key objectives, Doug is a trusted advisor and speaker in the business community. His commitment to servant leadership, collaboration, and clear metrics has been instrumental in driving the growth of numerous companies.
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