In fact, Guidant Financial has gone so far as to dub 2019 the “Year of the Franchise” based on trends in its latest Small Business Trends survey. © photon_photo - Adobe StockReflecting the financial means needed to buy a franchise, franchise owners generally have a higher level of education than the average small business owner. Getting a small business loan is typically very difficult for a startup business; however, franchises are different. In addition, 16% of franchise owners say they struggle with marketing and advertising, while 12% say time management and administrative tasks are their biggest challenges. I am CEO of GrowBiz Media, a media and custom content company focusing on small business and entrepreneurship.

Source: Forbes December 15, 2019 18:00 UTC