People Frameworks Deliver Value

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People Frameworks Deliver Value

April 6th, 2011

Perhaps you’re familiar with some of the facts about small business creation:
• In 2008, over 625,000 employer firms were created, but almost 595,000 employer firms failed (US Census Bureau).
• According to the US Department of Commerce, only 1 in 4 non-franchise businesses live 5 years; however 19 of 20 (95%) franchise businesses live at least 5 years.

Why do franchise businesses survive at a higher rate? Simply put, because they have a model, or framework, to follow.

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Posted by JBinder