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* Education * Insight * Inspiration * Franchise

Is Franchising Right for You?

Wondering if you have what it takes to be a successful franchisee? Ask yourself these questions and find out if you have the specific attributes to launch and grow a profitable franchise business.

1. Do you have a customer-focused mindset?
2. Are you able to set and achieve specific goals?
3. Do you enjoy taking control of situations and managing others?
4. Do you thrive on achieving results?

Free Consultation

Match Your Personality to the Right Franchise

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Take our quick and insightful assessment to find out which types of franchises complement your personality. You may be surprised by the results of the assessment.

Start the Assessment Now

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 Franchise outlook for 2024

Key findings from the 2024 Economic Outlook prepared for the International Franchise Association Include:

  • Franchise businesses will have a 3.1 percent growth in jobs, adding 278,000 direct jobs to the economy this year for a total of 9.1 million.

  • The number of franchised establishments will grow this year by 13,359, or 1.7 percent, to 795,932.

  • The gross domestic product (GDP) of the franchise sector is projected to rise 5.6 percent this year to $552 billion, adding $29 billion in GDP to the U.S. economy. The franchise sector will contribute approximately 3 percent of U.S. GDP in nominal dollars

  • Business format franchise businesses cross over 300 business lines that can be categorized into 10 general areas: Automotive, Business Services, Commercial & Residential Services, Lodging, Personal Services, Quick Service Restaurants, Real Estate, Retail Food, Retail Products & Services and Table/Full-Service Restaurants

“Tom has a great way of presenting a franchise opportunity so that you can make connections quickly to your situation.”
— M. MILES, HOUSTON, TX
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The Franchise Academy Podcast helps you understand the PROS and CONS of franchise ownership.

Listen to The Franchise Academy Podcast

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We are dedicated to expanding your knowledge about the franchise industry. Our mission is to help you find the perfect franchise opportunity for your lifestyle. Which franchise can give you more control over your time? Be careful about the reasons why you choose a franchise. They are not all the same.

“I’ve been in your shoes - I left a job to open a franchise. If you’re thinking about making a move, we should talk. No obligation, no kidding. I offer you education, insight and inspiration.” ~ Tom Scarda, CFE

Schedule a Call with Tom Scarda >

 
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Keep Up with Scarda

 
View fullsize You want to make sure you avoid buying a franchise because it’s something that you like to do or are good at. Just because you’re a good baker in your free time does not mean you should open a bakery. Being the biggest baseball fan in t
View fullsize Why even consider franchise ownership? 🧐 Can your current job get you what you want out of life? If not, you have the decision to make about your career. 👩‍💼 Have you ever hopped into your car 🚗 without a destination in mind? Why would you? Y
View fullsize Corporations are built upon ideas, and every single employee has something unique to contribute to the progression of that idea. Embracing authenticity is the easiest way to let your unique point of view spread. Whether you are a Manager/Executive
View fullsize As a Franchise Consultant, I share with my candidates every day that finding the right franchise is not difficult. I have my finger on the pulse of many of the great opportunities out there. The difficult decision in the eleventh hour is not between
“I love the expertise that Tom brings to the table. His interviews are informative and helpful to those of us looking into franchising.”
— C. YIELDING, HOOVER, AL
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