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Follow on Google News | ![]() Strength in Numbers Proves True For Small BusinessNewly released US Census figures show more than 10% of businesses with employees are franchises; Economic roller coaster easier to tolerate from the front seat.
By: Cynthia Jackson With a strong support system from home base organizations and associations like The International Franchise Association (IFA), franchise owners are in a unique position to hold the streamlined efficiency of small business yet still benefit from a significant voice in government relations and policies. In addition, organizations like IFA offers continuing education on new tax law, self regulation, dispute resolution and other issues. “Franchising plays a vital role in our nation’s economy and drives new job creation,” said Ken Walker, IFA Chairman and Chairman and CEO of Driven Brands. Alisa Harrison, spokeswoman for the Washington, D.C.-based International Franchise Alliance, said the group estimates that in 2008 there were about 900,000 franchises with over 21 million workers providing $2.3 trillion in economic activity. These franchises “cross over about 100 different business categories,” The International Franchise Association suggests what the entrepreneur minded American has known for a while, that franchisees enjoy a significant competitive edge over the stand-alone business operators. They noted a study showing that 86% of franchise companies which opened in the previous five years were still in business under the same owner and only 3% of these businesses failed. Conversely, a US Small Business Administration (SBA) Survey in that same article showed 62.2% percent of all new businesses started over a 10 year period dissolved within their first six years. “Although the national economic forecast is getting brighter, the slow return to better days has some people more interested in holding their future financial stability in their own hands and becoming small business owners,” said (American Consumer Financial Network) ACFN President and Founder Jeff Kerr. “There is always risk when you start your own business but as a franchisee the chances of success are much greater” said Kerr, “We offer people control over their financial future. A compelling offer for many people in these uncertain times.” ACFN has seen steady growth in the business from all the professions that have been so profoundly affected by recent layoffs, furloughs, and incentive retirement packages. Kerr urges anyone wanting to stabilize their future to explore the options ACFN has to offer. They might find a long term answer to their problem, and with it, the tools to build a successful business. Franchise Fees are reasonably priced and start at $25,000 The Company can also provide a comprehensive training program at their headquarters in San Jose, California and provides the best ongoing customer service that can only be described as second to none About ACFN ACFN is North Americas only ATM franchise focused on providing ATM services to hotels and other travel and entertainment based businesses. Providing ATM services since 1996, franchised in 2003 with 160 franchises, 1300 ATM Machines in the US and Canada. http://www.youtube.com/ Find out how you can benefit from ACFN to help deliver return on investment, positive cash flow and improved revenue. More information is available at: http://www.acfnfranchised.com/ American Consumer Financial Network (ACFN) 111 W. St. John St Sixth Floor San Jose, CA 95113 Tel: 888-794-2236 # # # ACFN is North Americas only ATM franchise focused on providing ATM services to hotels and other travel and entertainment based businesses. Providing ATM services since 1996, franchised in 2003 with 160 franchises, 1300 ATM Machines in the US and Canada. End
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