Franchise Forecasts for 2006

Entrepreneur Magazine's article In the Know offers a franchise forecast, where, "your search ends here, as we predict what will break on franchising's horizon in 2006."

Some interesting observations:

• Undeniably, 2005 is the year that franchising itself became a trend.
• In fact, the total number of franchise units for all Franchise 500® companies grew 11 percent from 2004 to 2005.
• That's an impressive jump compared to the 4 percent increase that occurred from 2003 to 2004, not to mention the previous year's drop in franchise units.

So what's spurring this amazing growth?

More people are recognizing franchising as a viable means to turn entrepreneurial dreams into reality.

This article "uncovered eight growing categories we predict will sweep the franchising world in 2006." One of those eight growing categories? Business Services. The entire business services category, ranging from tech consulting to advertising, experienced steady growth.

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