Industry News

Esteemed Franchise 500 Ranking Recognizes The Entrepreneur’s Source for 15th Consecutive Year

The Entrepreneur’s Source franchise received the honor of being named to Entrepreneur magazine’s annual Franchise 500 list of top opportunities for the 15th consecutive year.

Entrepreneur magazine is a trusted resource in today’s information age. The publication’s list serves as a comprehensive guide to professionals regarding which franchise opportunities offer a competitive advantage in the marketplace. Earning a coveted spot on this list for 15 consecutive years is a powerful testament to the sustainability and success of The Entrepreneur’s Source Franchise Coaching Network.

“There are literally thousands of franchise opportunities available, many of which have never been listed on the Franchise 500. To have that distinction attached to our brand name for 15 consecutive years is obviously a greater honor for our system,” said the company’s founder Terry Powell.

The ranking in Entrepreneur’s Franchise 500 list instills a sense of pride in coaches and reaffirms that The Entrepreneur’s Source is a sound opportunity for potential franchisees.

In today’s economy, companies are failing left and right, and opportunities to thrive in the marketplace are becoming few and far between. Franchising offers those with an entrepreneurial spirit to take ownership of their careers and financial futures. The Entrepreneur’s Source is celebrating 30 years of taking people from Employment to Empowerment™. In a difficult economic climate, an individual may feel like this isn’t the time to take a risk, but franchising adds greater security with a history of strong success rates. Experts predict that the franchise sector will continue to outpace general business growth.

The recent International Franchising Association’s Franchise Business Economy Outlook for 2014 report detailed how franchising can be a prime path toward self-sufficiency for those looking to exit the corporate world. Economic output is expected to increase 4.7 percent in 2014 – up from 4.3 percent recorded in 2013. Franchisees working with The Entrepreneur’s Source experienced even greater revenue growth in 2013 – about 20 percent.

“The outlook for the franchise industry is overwhelmingly positive, which is good news for those who want to gain greater career independence,” said Powell. “Between the figures the IFA detailed in the outlook report and our own numbers, we are confident that 2014 will be even better than the last.”

Franchises are expected to add nearly 200,000 jobs in 2014 and the sector far outpaces overall employment gains in the nation. The IFA report detailed that franchise businesses accounted for about 3.5 percent of the U.S. GDP or $472 billion in 2013. This figure is expected to increase as much as 4.5 percent, up to $493 billion in 2014.

The Entrepreneur’s Source’s record of sustainability and overall mission allows the brand to provide valuable insight into the franchising industry to individuals who want to take control of their professional life to achieve success.

“We are dedicated to the development and advancement of those who desire to take control of their professional path for greater success,” said Powell.