{"id":531,"date":"2020-01-30T16:50:33","date_gmt":"2020-01-30T16:50:33","guid":{"rendered":"https:\/\/franchisematch.local\/?p=531"},"modified":"2020-01-30T16:50:35","modified_gmt":"2020-01-30T16:50:35","slug":"a-brief-history-of-franchising","status":"publish","type":"post","link":"https:\/\/fm2.dev.craftwebshop.com\/\/a-brief-history-of-franchising\/","title":{"rendered":"A Brief History of Franchising"},"content":{"rendered":"\n

With a new year and a new decade in front of us, more adults begin to consider the many benefits of franchise ownership as a way to take greater control over their Income, Lifestyle, Wealth, and Equity (ILWE<\/a>) goals. To help this new round of Seekers better understand the opportunities that await them by becoming franchise owners, we want to re-share this important article. This was published by Forbes<\/a> in 2019, but written by the Visionary Founder of The Entrepreneur’s Source, Terry Powell, CFE<\/a>. <\/p>\n\n\n\n

Once upon a time,<\/strong> if you wanted to buy a franchise, you might have found an ad in the paper, like the one that appeared in a 1949 New York Times <\/em>issue, which I recently found while combing through some online library newspaper archives.<\/p>\n\n\n\n

\u201cDo you have $10,000 to $20,000 to invest?\u201d the headline blared in the classifieds. It continued: \u201cWe will set you up to operate a successful ladies cotton dress shop, on a franchise basis. Successful stores now operating in New York State, New Jersey and Long Island. You can locate the store in your own community, no experience necessary. Excellent opportunity to develop your own business and make a comfortable living. Write for appointment.<\/em>\u201d<\/p>\n\n\n\n

It\u2019s a different world now<\/strong>. There are franchise brokers, franchise websites, franchise books and than there are Career Transition Coaches such as myself.<\/p>\n\n\n\n

I like looking back at the history of franchising, in part because I\u2019m so interested in the future of franchising. But looking back at the past isn\u2019t just an exercise in nostalgia. If you remember and understand where you\u2019ve been, you can often figure out where you\u2019re going. Looking to see how far we\u2019ve come in franchising should serve as a reminder to everyone: It\u2019s a lot easier to get into franchising than it used to be. There are far more opportunities and resources than there were in the past.<\/p>\n\n\n\n

To show you what I mean, here\u2019s a brief, incomplete history of franchising.<\/strong><\/p>\n\n\n\n