Group Effort

Start You Up

Fortunately, organizations are creating a number of initiatives to spread the word that franchising is affordable and accessible to minorities. These initiatives include:

  • the International Franchise Association's (IFA) Emerging Markets program, in which franchise delegations visit cities nationwide to offer seminars explaining the pros and cons of franchising, and available financing and business-development assistance.
  • the National Minority Franchise Initiative's Web site, which features a database of franchisors interested in minority franchisees. The site also has details on a series of full-day "Invest In Your Future" seminars held nationwide, and access to Bond's Minority Franchise Guide, a book with detailed profiles of more than 400 franchisors promoting to minorities.
  • the Minority Business Development Agency's Web site, which offers a section on franchising.
  • the Pepsico Foundation's Franchising Entrepreneurship program, created in conjunction with the IFA to introduce the idea of franchising to low-income and minority high school and college students.

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This article was originally published in the November 2000 print edition of Entrepreneur with the headline: Group Effort.

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