The franchise industry stays on a staggering growth trend, with newly-released data supporting a strong small business climate


The franchise industry stays on a staggering growth trend, with newly-released data supporting a strong small business climate

The news seems to just keep getting better…if you are out to become your own boss, being a franchise owner could take your career to new heights.

NASDAQ: NEWT, The Small Business Authority®, announced this week the release of the SB Authority Index of small business indicators for July 2014 which reached 128.72 points.  Approved SBA lending volumes, the Russell Microcap Index, and Newtek Merchant Processing volume led the increase. The SB Authority Index is up 0.70% from June 2014.  On a year-over-year comparison, the SB Authority Index is up 6.98%.

Barry Sloane, Chairman, President and CEO of The Small Business Authority® commented, “The small business economy seems to be picking up a little bit of steam, despite a lack of robust growth in new employment hires. The low interest rate environment continues to make the financing market for equity and debt fertile, as well as encourages consumers to spend instead of save.”

That’s certainly good news for the franchise industry, which is helping fuel America’s economic growth engine.  It continues to outpace the broader economy and offer Veterans a safer, more stable career path as business owners in proven systems with string growth prospects.  Perhaps it is your time to ‘fire the boss’ and instead, be the boss?

To learn more about entrepreneurship through franchise ownership and what options are out there, attend a free webinar, Franchising as a More Lucrative and Stable Career Path for Veterans, sponsored by Veteran Franchise Centers, a strategic initiative of Recruit Military.  There is no charge to attend but you must pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling toll free 866.246.2884.

 

 

 

 

About the Author

This article was written by Liz Wheeler