Franchising is growing worldwide. From North America to South America and beyond, franchising is emerging as the way to operate and expand successful businesses. Yet the global marketplace remains relatively untapped. In fact, the growth potential for franchising around the world is infinite.
But like any type of business, franchising is no sure thing. Every country has different customs, cultures, languages and laws, making cross-border expansion a challenging proposition. Franchisors must first determine whether their products and services are in demand in the new country. They must also be able to transfer knowledge and provide the necessary training and support to franchisees.
Following are franchising highlights from around the world that reveal the trends, challenges and status of franchising.