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The International Franchise Association - a D.C.-based trade group that represents franchise systems, franchise owners and suppliers - predicts industry employment will reach 8.1 million this year, topping its 2007 high for the first time since the recession. Matthew Haller, the association’s vice president of public affairs, said projections that the industry will grow this year have been tempered by the reality that lending availability has lagged behind NYC Embraces Event: More than 14,000 Visitors, 330 exhibitors turn out. demand. “Financing is still an issue,” he said, “but it’s better this year than last year.” product line. As part of the deal the company provides management In 2011, the association estimated that 20 percent of financing support, training and often helps finance the business because needs in the industry were unmet. This year, Haller said, the gap each successful franchise represents a steady stream of royalties. will shrink to an 18 percent difference between borrowers’ needs In other words they have worked out the kinks and give you the and approvals. power and skills to succeed. “We’ve tried to do a lot to educate potential franchisees and The Expo included many educational seminars and other lending institutions about what to expect from each other,” he said. resources for prospective franchisees and those considering the “It’s been an intense, two-year campaign.” franchising of their own business methods. IFE has events in In the meantime, the companies selling franchises have adopted Anaheim - West Coast Franchise Expo – October 12 -14, and in some common selling points while they vie for the attention of Miami - Franchise Expo South – January, 2013. people fortunate enough to beat the odds by securing capital. When someone buys a franchise, they are buying the rights to For more information, visitwww.opportunityworld.com orhttp:// open a business using an existing company’s name, branding and www.ifeinfo.com/. entrepreneurs wanteD Is it pren red Determine Your Goals Do You have what it takes? Also Do you want: ❑ PASSION to exceed customer expectations. goal ❑ Business ownership? ❑ The VISION to drive your business sucess. Auto ❑ The ability to control your own destiny? ❑ INTEGRITY to operate a business respected ❑ Flexible hours? by your local community. ❑ A proven business that people can not do without? ❑ WILLINGNESS to execute a proven business plan. ❑ Family security? ❑ LEADERSHIP skills to lead your team in ❑ Financial independence? your dream business. ❑ NO TECHNICAL KNOWLEDGE NECESSARY! If so, Auto-LAb might be the answer. More Information: www.autolabusa.com (248) 994-0209 www.OpportunityWorld.com Opportunity World • September/October 2012 15


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