2011 Franchising Outlook Is Strong

The International Franchise Association Educational Foundation released its report on the franchise industry earlier this year, the Franchise Business Economic Outlook, 2011. The short version: the franchise industry as a whole seems to be poised for a sunny 2011.

Here are some key takeaways from the report:

1. Macroeconomic factors are predicted to improve. GDP growth is expected to increase over 2010. A rising economic tide should lift all business boats.
2. The three sectors that will see the greatest growth in establishments and employment are Automotive, Lodging, and Retail Products and Services.
3. Establishment and employment growth will see much greater increases than franchise-related economic output. This is natural, as expansion slowed and staffs were minimized during the recession.

To read the full report, click here.