Behind This Year's Entrepreneur's Franchise 500ÂŽ Ranking
The industry is changing.
Here’s the deal with franchising. It’s not full of Silicon Valley-style startups. It’s not a hotbed of overnight millionaires or venture capital unicorns. It’s the Midwest of the business world; the best franchise systems put their nose to the grindstone and work year after year, sometimes decade after decade, to slowly and methodically make their franchisees successful and to refine and expand their systems.
Related: 2017 Entrepreneur Magazine Franchise 500 Ranking
Even so, while the pace of change in franchising might lag behind other industries, that doesn’t, social media, cloud tools and powerful customer management systems have all radically altered the way franchise systems operate, and educate franchisees.
