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Franchise Economic Growth in 2009

Written by: Lynne D Shelton

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Posted over 2 years ago. 1 helpful vote, 0 comments

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Professionals with Career Success

Professionals with a long line of career successes, are utilizing their savings to steer their careers. No one wants to risk being someone’s’ employee again. Instead many blue-collar workers and professionals alike are taking their savings plans and investing them into themselves.

Business Leader Outlook

As we come close to the end of 2009, around one quarter of franchisors, 24.6 percent, report that the economy will finish better in 2009 than in 2008. We are seeing growth in the number of units and the number of jobs being created by franchise systems.

Unit Grow

The number of franchise units see undeniable growth. Higher than 85 percent of all franchisor business leaders expect the numbers to increase in 2009. This is great news for the economy too. As the number of franchise units are increased across the country, the more jobs will be created. After all, we need employees to work in the new franchises. In fact 70 plus percent increase in employment is expected to be the final number at the end of the year. Although, there are a few industries that will see a small decrease in employment, such as Retail Food, Products and Services and the Automotive industries. Some of these jobs are being reduced due to efficiency methods, not indicative of a downward market.

Economic Output

With more than 900,000 franchised businesses in operation across the country which are indirectly responsible for providing 21 million jobs and generating $2.3 trillion in economic output, franchises drive the economy. All in all, it looks like the franchise world is still bustling. It continues to prove itself as the best business expansion tool ever created. Good luck! If Shelton & Power, LLC can be of any assistance, please give us a call. ©Shelton & Power, LLC (2009)