AFFILIATE MARKETING
15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739250_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
Few things are as enjoyable as starting a business related to your passion. If you’re a foodie, why not put all that knowledge and enthusiasm for good eats to work by starting a food business? This may seem intimidating at first, but it can be achieved with the right idea and determination. Here are 15 great food business ideas for aspiring food entrepreneurs.
15 Profitable Food Business Ideas
Here’s a list of very popular ideas you can try.
1. Create a Food Blog
If you are adventurous in trying new food recipes and love to share your food journey, you can start a food blog. There are plenty of niche site ideas in this arena to help you pair down from the millions of food blogs already in existence. You can create:
- Restaurant review blog
- Recipe blog
- Food photography blog
- Cocktail blog
- Culinary focus blog (vegan, gluten-free, etc)
The ideas are endless, so just make sure to start a food blog niche that you can be passionate about.
And if you’d like a step-by-step video course to walk you through the entire process, check out our review of The Authority Site System (TASS). It’s a very popular SEO and blogging course that teaches you everything you need to start and grow a profitable blog!
2. Start a Vending Machine Business
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739247 428 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739247_428_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
Vending machines are one of the many profitable food business ideas. Begin with a business plan that includes the right location and ready-to-eat snacks.
It is crucial to keep the vending machine stocked up at all times to avoid losing a potential sale, so this business is best for those who can keep up with operations on a timely basis. You can sell:
- Beverages
- Savory snacks
- Candy
- Frozen treats
- Healthy foods
A vending machine business operates independently and also as a franchise. So you can scale your business as you learn the ropes.
3. Become a Farmer’s Market Vendor
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739247 589 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739247_589_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
You can enter the food industry as a small food business selling fresh produce at the farmer’s market.
The farmer’s market is a great place to connect with individuals and other food businesses looking for healthy ingredients like fresh fruits and vegetables. Ferments, dairy products, preserved seeds and nuts, and meat are also viable options.
With the right location, you can set up a stall that will help to create a communication channel and open up possibilities for you in the restaurant industry.
4. Offer Cooking Classes
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739247 158 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739247_158_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
Offering cooking classes is a relatively low-cost food business idea with the potential to turn into a very lucrative business.
If you are a food lover, love to cook, and can easily connect with people, it can be the perfect entry into the food industry. You can sell your classes through an online business or opt for in-person classes for:
- one-to-one sessions
- group sessions
You can stick to a certain genre of food, such as Indian food, or focus on a demographic such as busy moms. Make sure you’re clear on who you’re teaching so you can develop content that directly serves them.
5. Start a Food Processing Business
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739247 771 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739247_771_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
A food processing business includes selling packaged and manufactured food products. The manufacturers aim to preserve food quality and provide convenience to the consumer.
You can enter the market to sell processed goods such as:
- Honey
- Sauces
- Spices
- Dairy products like cheese and milk
- Jams and jellies
- Fruits and vegetables
Many food processing businesses operate only as online stores to reduce in-store costs and focus on inventory management, packaging, marketing, and supply chain management for the product line. You can market your services online to find leads to expand your product reach.
6. Open a Food Truck
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739247 545 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739247_545_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
Food trucks are a creative business idea for entrepreneurs willing to reach people rather than wait for people to come to them. This $1.2 billion industry is expanding rapidly due to the increased mobility and location control it provides to the business owner.
Even though the initial startup costs to procure a fully equipped truck are high, they are often less than a brick-and-mortar establishment. Once you purchase the food truck and acquire the relevant permits and licenses, you can build a very profitable food truck business.
7. Start a Natural Baby Food Business
The global baby food market is expected to grow 6% annually from 2023-2027, with revenue amounting to $301.30 billion in 2023.
It is a massive food industry to tap into. However, gaining the trust of parents who wish to provide the best for their children can be challenging. The baby food business is scalable as babies require different food textures for every stage.
With the use of healthy, organic food ingredients, you can build long-lasting relationships with your customers- parents. With high-quality ingredients and a food processor, this business is easy to start even if you don’t have the best cooking skills.
8. Create a Coffee Shop
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739247 593 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739247_593_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
It is no surprise that coffee is growing to be one of the essential food items in our lives. The revenue generated from the coffee market increased to $95.58 billion in 2023. Therefore, the coffee shop industry presents a sizeable business opportunity for food lovers to enter.
With the increased popularity of coffee, people are always willing to try unique blends and are receptive to local coffee shops. You can seize this chance to create a niche for your product line.
With a coffee shop, you can also sell complimentary baked goods like biscuits and cookies to create a pleasing dining experience. And if you don’t want to directly manufacture and ship the product, you can join a coffee affiliate program to make commissions from coffee sales.
9. Craft a Subscription Box Service
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739247 498 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739247_498_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
A subscription box service is one food business idea that gives consumers the benefit of eating restaurant-quality food or snacks at home. You can offer the following weekly or monthly subscription service as part of your food business idea:
- Meal kits: dishes designed with pre-proportioned ingredients that can save customers trips to grocery stores
- “Almost” ready-to-eat meals: dishes that require just a little effort on the consumer’s part
- Curated subscription boxes: food boxes designed on a specific theme
You can design your niche around different cuisines or as a healthy and tasty food brand dedicated to serving food lovers.
10. Sell Ice Cream From a Cart
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739248 909 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739248_909_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
As of 2022, the global ice cream market stands at $70.6 billion. You can sell ice cream, gelato, frozen yogurt, or any variation and serve hundreds of customers daily.
Ice cream carts function independently or as a franchise. With the latter, you can enjoy brand familiarity from your customers and avoid the extra hassles of marketing.
However, if you don’t mind going the extra mile and love doing things your way, you can start your independent ice cream cart.
The only downside to an ice cream business is seasonal demand changes. Business owners experience a high rise in demand during summer carnivals and festivals and a slow business in the winter.
However, with the innovative addition of autumn and winter flavors to your ice cream menu, you can enjoy a profitable business throughout the year.
11. Start a Virtual Restaurant
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739248 114 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739248_114_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
Want to start a restaurant with low capital investment? A virtual restaurant may be the perfect business idea for you.
The recent pandemic has increased the demand for ordering food via websites or apps. The market for online food ordering is anticipated to reach $200 billion by 2025.
A virtual restaurant operates through a commercial kitchen and is merely a food delivery business. You can choose your specialty; a fast food restaurant, a dessert business, or an online coffee shop, the possibilities are endless.
12. Make a Restaurant Review YouTube Channel
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739248 95 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739248_95_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
This is an extension of the food blogging business idea for those who are comfortable with sharing their opinions on camera. You can review newly opened or famous restaurants on YouTube and rate them in different aspects. You can be as creative as you like and give feedback on what makes these restaurants successful and where they have a chance for improvement.
As you gain popularity, restaurants may invite you to publish an honest review of their service to reach your audience.
You can earn a great living from working as a YouTuber by increasing your engagement rate, number of subscribers, and producing high-quality content. This is one of the best food business ideas for entrepreneurs that love to travel or constantly try the latest restaurants in their area.
13. Become a Personal Chef
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739248 682 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739248_682_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
Another way to use your training, experience, and skill set is to find a job as a personal chef. People with special dietary requirements or busy work schedules are looking for chefs with relevant qualifications to cook tasty food for them.
Even though the job doesn’t provide very flexible working hours, it offers a high pay reward. You can learn to deal with clients and use this experience to start your own food business.
14. Start a Nutrition and Diet Coaching Business
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739248 217 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739248_217_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
People worldwide are becoming more aware of the importance of healthy food and lifestyle, making this niche one of the best profitable food business ideas. This has created a demand for nutritionists and dietary consultants to assist individuals and organizations in crafting a dietary plan.
You need to possess the relevant certifications and medical background to start your career as a nutritionist. However, once you start this journey there is a huge potential to climb up the ladder. You can land a job as a senior consultant at gyms, hospitals, schools, or offices.
15. Start a Catering Business
![15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023 1674739248 900 15 Awesome Food Business Ideas for Aspiring Entrepreneurs in 2023](https://articles.entireweb.com/wp-content/uploads/2023/01/1674739248_900_15-Awesome-Food-Business-Ideas-for-Aspiring-Entrepreneurs-in-2023.png)
Catering businesses are in popular demand throughout the year. Be it a wedding, birthday party, or any big or small official event, people always look for the best food service in town.
You must build a strong business model to craft and deliver a suitable menu. It can be a challenge to overcome big orders initially, but once you have impressed a few clients, their recommendations can make your business go a long way.
You can also partner with event planners to bring in business and share clients to generate a profitable food business.
The Bottom Line: Food Business Ideas For Profit
Hopefully, at least a handful of the above ideas have you excited to move forward with your own food business. Whether you have years of experience in the food industry or you’re a complete novice, there is an opportunity for everyone to make a profitable living through food-based businesses.
Good luck!
AFFILIATE MARKETING
Unlock Simplified, Pro-grade Design Capabilities with Ashampoo 3D CAD Professional 11
![Unlock Simplified, Pro-grade Design Capabilities with Ashampoo 3D CAD Professional 11 Unlock Simplified, Pro-grade Design Capabilities with Ashampoo 3D CAD Professional 11](https://articles.entireweb.com/wp-content/uploads/2024/08/Unlock-Simplified-Pro-grade-Design-Capabilities-with-Ashampoo-3D-CAD-Professional.jpg)
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.
For entrepreneurs and design professionals who are looking to elevate their projects, Ashampoo 3D CAD Professional 11 offers a powerful yet user-friendly solution that combines precision, versatility, and an extensive object library—all for just $39.99 (reg. $330).
Whether you’re a seasoned architect or a DIY enthusiast, this software offers a seamless blend of simplicity and sophistication. Its intuitive interface guides you through every step of the design process, from sketching floor plans to visualizing your space in stunning 3D.
This Windows-only software is designed to make your workflow more efficient and your designs more precise. It has a host of powerful tools and features that simplify complex tasks. For instance, the program offers dedicated input modes for walls, windows, and doors, allowing you to quickly and accurately define key elements of your project. Additionally, numerical editing tools provide even greater precision, ensuring that every measurement and modification is spot on.
Ashampoo 3D CAD Professional 11 has auto-save functionality and reminders to save your work manually, so you never have to worry about losing progress. The context menu supports cut, copy, and paste functions, making it easier to manage different elements of your design. With powerful floor plan analysis and correction features, you can quickly identify and address any issues before they become problems.
It has extensive object catalogs that provide a wide range of 3D objects and more than 250 ready-to-use object groups. From pre-designed garages and kitchen lines to garden houses and saunas, these objects make adding detail and realism to your projects easy. You can also create your own catalog directories and use them directly in the software, customizing your designs to fit your unique vision.
With more than 20 million users, this software provides all the tools you need to help bring your vision to life.
Get a lifetime license to Ashampoo 3D CAD Professional 11 now and pay just $39.99 (reg. $330) for a limited time.
StackSocial prices subject to change.
AFFILIATE MARKETING
4 Tips for Building Stronger Relationships Between IT and Non-Technical Teams
![4 Tips for Building Stronger Relationships Between IT and Non-Technical Teams 4 Tips for Building Stronger Relationships Between IT and Non-Technical Teams](https://articles.entireweb.com/wp-content/uploads/2024/08/4-Tips-for-Building-Stronger-Relationships-Between-IT-and-Non-Technical.jpg)
Opinions expressed by Entrepreneur contributors are their own.
Most companies have some form of dedicated IT management. According to a workforce survey, the common IT to non-technical staff ratio is typically around 4% of all personnel.
These IT individuals and departments often need to communicate with the other staffers throughout a company. From basic day-to-day activities to long-term collaborations, meeting deadlines and maintaining security, it’s important that the relationship between IT and the non-technical workforce is not just existent but effective.
If you’re aware of a lack of quality in your IT-related inter-departmental collaborations, here are four ways to enhance communication and build better professional relationships between technical and non-technical teams.
1. Establish and promote healthy communication
Communication cannot be overlooked in any business setting. As the workforce becomes more geographically diversified by distance and time zones, it’s important to maintain communication, not just with teams but between departments. This is ground zero, especially in an isolated area like IT.
One way to enhance communication is through regular cross-team meetings. Many companies hold recurring meetings where everyone comes together to hear company-wide updates and generally realign themselves. If the thought of a full company meeting sounds like a mammoth, intimidating and time-sucking use of resources, never fear. There are multiple ways you can implement this concept efficiently.
For instance, Zappos holds its well-known all-hands meetings three times a year. Spacing out these larger communal moments helps make them special.
If meeting is a problem in any quantity, you can go a different route: pre-recorded messages. If you choose this option, though, be warned that simple video messaging can become just as confusing and lengthy as a meeting. Instead, look for tools that help you send purposeful, value-centered messages.
Marketing platform Drift, for instance, used the communications tool Zight to improve its internal communication. The company used screen recorder technology to send annotated, knowledge-based videos to their employees. This organized and enhanced the purpose of each message, making it easier to reference later on without rewatching the entire thing.
The takeaway? Invest in some form of healthy cross-departmental communication that fits with your workflow.
2. Use jargon-free language
Removing jargon and technical terms from basic inter-departmental communication starts at the top. IT leaders must demonstrate how to remove dense language when talking, recording, typing and otherwise engaging with coworkers.
This isn’t just because leading by example is effective. It’s also because workplace jargon often finds its largest adherents in the upper echelons of a business. One study from MyPerfectResume found that 33% of those asked considered upper management to be the most likely to overuse workplace jargon.
Even worse? A third of those asked had also used jargon that they didn’t even understand. Use jargon-free language. It keeps communication transparent and avoids peer pressure and embarrassment from undermining effective understanding between IT and other teams.
Related: Here’s Why You Absolutely Have to Stop Using Jargon at Work
3. Bridge knowledge gaps with cross-functional training
Specialization and niche knowledge are defining factors for IT teams. Tech workers’ value comes from their ability to bridge the gap between humans and machines. However, this expertise isn’t as effective if the communication gap between IT staff and other personnel widens too far.
One way to keep all staff on the same playing field is to engage in cross-functional training. This is the process of educating employees from various departments in disciplines that are complementary to their own focus. It emphasizes shared knowledge and helps teams both respect and understand their respective duties in the larger context of business operations.
Google has mastered the art of cross-departmental training. On the one hand, the company famously used its whisper courses — a series of micro-lessons in email form — to teach small teamwork lessons. In addition, the search engine giant encourages employee-to-employee training. This shares knowledge in a peer-to-peer fashion and maintains a culture of learning.
Again, the takeaway here is that you don’t have to follow a formula for cross-departmental training. Find something that works for your setup, and then invest in it.
4. Cultivate a culture of inclusivity
Inclusivity is a common workplace culture goal. It emphasizes making all members of a workforce feel welcome. It seeks to embrace gender, age and other demographic differences and to incorporate the strengths of each individual and team into a company’s operations.
This is a powerful way to keep IT and non-technical personnel connected and respectful of one another’s contributions. As a central focus of how a company operates, an emphasis on empathy and respect helps keep those all-important communication channels open and healthy.
No company has demonstrated genuine, effective inclusivity in business activity quite as well as Pixar. The media company is famous for its ability to develop high-quality ideas and, at the same time, make sure everyone feels welcome and part of the conversation.
The company’s “Notes Days” are a poignant example. These are days when the entire company shuts down and comes together to collectively brainstorm. The result is some of the best inter-departmental collaboration in modern history.
If you want your tech and non-tech teams to connect, make them feel included.
Related: How to Build an Inclusive Culture That Permeates All Levels of the Organization
Breaking down barriers between IT and the rest of the professional work world
The IT department has become an integral part of most modern businesses. But it cannot operate in a vacuum. Miscommunications can lead to confused expectations, missed deadlines and even compromised safety and security.
It’s essential that leaders make an effort to align their IT and non-technical teams. This keeps everyone informed and up-to-date as you work together to achieve the same goal as a business.
AFFILIATE MARKETING
5 Ways Kamala Harris Can Support The Franchise Community
![5 Ways Kamala Harris Can Support The Franchise Community 5 Ways Kamala Harris Can Support The Franchise Community](https://articles.entireweb.com/wp-content/uploads/2024/08/5-Ways-Kamala-Harris-Can-Support-The-Franchise-Community.jpg)
Opinions expressed by Entrepreneur contributors are their own.
The five weeks between the Republican and Democratic conventions could have been a lifetime, as a brand-new Democratic ticket formed in record speed. As always, the International Franchise Association (IFA) is neutral in presidential elections and we will work with whoever is in the White House for the betterment of our model. Just as we were in Milwaukee for the RNC, we were on the ground in Chicago, educating candidates and campaigns about all the good franchising provides, especially for minority-owned businesses.
More highlights from championing franchising with lawmakers in Chicago at the #DNC2024. IFA is proud to work with members across the aisle on policies that support the franchise business model and its 9M employees in the U.S. pic.twitter.com/vexxskHpuK
— IFA (@Franchising411) August 21, 2024
Like many Americans, the franchise community is interested in learning more about Vice President Harris’ vision and policy priorities, which she characterized in her acceptance speech as an Opportunity Agenda. It is encouraging that one of her early commercials features her time working at McDonald’s. In fact, if elected, Harris, along with her husband Doug Emhoff, will share a common thread with the 1 in 8 Americans
who have worked at McDonald’s. To genuinely support the franchise business model, here are five concrete ways Vice President Harris can appeal to the franchise community.
Be a champion for franchising
First, Vice President Harris should be a champion for franchising and use every day on the campaign trail to visit franchises and meet their employees in swing states — and everywhere in between. Doing so will unlock franchising as a component of the Opportunity Agenda, including the unique benefits of franchising for all stakeholders involved in the model.
Those stakeholders are substantial — from the nearly 9 million employees who work for America’s 800,000 franchise businesses (and earn higher wages and better benefits than non-franchised employees) to the franchise owners themselves, who are more diverse in race and gender than non-franchises.
Abandon an expanded joint employer rule
Second, Vice President Harris talked at the DNC about working with business and labor. Yet, one of labor’s top priorities has been a joint employer rule that would effectively destroy franchising. A Harris administration that wants to support small business creation must abandon efforts to implement an expanded joint employer rule.
Bipartisan majorities in congress and a federal court have rejected expanding the joint employer test to include reserved and indirect control. Even Democratic supermajorities in the California legislature, and her home-state Governor Gavin Newsom, rejected joint employer liability. This created a pathway to negotiate a bill with organized labor that preserved franchisee equity in their business, and creating predictable increases in the minimum wage.
Call for pro-small business tax policies
Third, Vice President Harris should call for pro-small business tax policies, given the expired and expiring provisions of the Tax Cuts & Jobs Act (TCJA). These include extending the qualified business income deduction (QBID), also known as the section 199A deduction, and restoring a pro-growth interest deductibility standard that expired at the end of 2022.
Extending the 199A deduction, along with passing the bipartisan Tax Relief for American Families and Workers Act — which garnered overwhelming bipartisan support in the House this year — would greatly benefit franchise owners. This legislation would increase the amount of interest owners can deduct from their income taxes, offer temporary bonus depreciation for the purchase of equipment and short-lived capital assets and include other pro-business and pro-worker provisions.
These actions would provide small business entrepreneurs with a competitive edge over large corporations and demonstrate that Vice President Harris is committed to addressing the needs of the small business community. She can chart a new path and extend an open hand to the business community by putting the politics aside and commit to extending a policy they have come to rely on. Without action, every business owner in country wakes up on January 1, 2026, facing a tax increase.
Increase lending limits at the SBA
Fourth, increase lending limits at the Small Business Association (SBA) and boost access to the 7(a) Working Capital Pilot (WCP) program. During her acceptance speech, Harris pledged to, “provide access to capital for small-business owners and entrepreneurs and founders.” Launched earlier this year, WCP is a line of credit product that features an annual guaranty fee structure that works to offer greater flexibility than a traditional term loan to meet specific business needs.
Accessing capital is increasingly challenging in such a high-interest rate environment. The SBA pitched the concept as a means of breaking down barriers seeking to start their own pathway to entrepreneurship, where the franchise model is poised to continue playing a major role.
Outline a future for the Federal Trade Commission
Finally, Harris should outline a future for the Federal Trade Commission (FTC) that includes a modernization of the Franchise Rule, a federal regulation solely enforced by the FTC that governs the sale of a franchise. Currently under review by the FTC, the Franchise Rule hasn’t been updated since 2007 — the same year the first iPhone was introduced.
Research published in the Wall Street Journal showed it took more than 20 years of education to understand a Franchise Disclosure Document (FDD), and a federal investigation found many prospective franchisees did not read the disclosures at all. This needs to change, especially during the pre-sale process when a prospective franchisee is deciding whether to invest significant financial resources in a franchise.
A Harris administration would be wise to course-correct the FTC to foster entrepreneurial development in franchising and double-down on the true mission of the FTC — to protect consumers and prospective franchisees. The franchise business model encourages workforce development and small business formulation in local communities, we look forward to working with any administration and any political party toward that important goal.
Related: Is Franchising Right For You? Ask Yourself These 9 Questions to Find Out.
Matt Haller is the President and CEO of the International Franchise Association (IFA). Greg Flynn is the Founder, Chairman, and CEO of Flynn Group and Flynn Properties, and an IFA Board Member. With 2,700+ Applebee’s, Taco Bells, Paneras, Arby’s, Pizza Huts, Wendy’s and Planet Fitness units generating $4.7+ billion in sales and employing 75,000+ people in 44 states and 3 countries, Flynn Group is the largest franchise operator in the world.
-
SEO7 days ago
Google’s Revamped Documentation Shows 4 Reasons To Refresh Content
-
SEARCHENGINES5 days ago
Daily Search Forum Recap: August 26, 2024
-
SEARCHENGINES7 days ago
Google Ranking Bug Fixed, August Core Update Swings, AI Overviews, Google Ads Bug & More
-
SEARCHENGINES4 days ago
Daily Search Forum Recap: August 27, 2024
-
WORDPRESS7 days ago
How to Secure Your WordPress Store
-
AFFILIATE MARKETING7 days ago
Business Owners are Batting 1,000 With This All-in-One Management Hub
-
SEARCHENGINES6 days ago
Google Migrating All To Google Merchant Center Next By September
-
WORDPRESS5 days ago
9 Best Elementor Alternatives 2024 (Faster Page Builders)
You must be logged in to post a comment Login