An excellent article written by Landon Eckles of Clean Juice on the role diversity has on franchise growth. Landon Eckles shared some interesting statistics regarding franchising and minority ownership including these from an IFA study:
- Franchising has a higher minority ownership rate (30.8 percent) than non-franchised businesses (18.8 percent);
- Since 2007, franchise minority ownership increased by 50 percent;
- Asians owned 11.8 percent of franchises (an 87 percent increase);
- Hispanics owned 10.4 percent of franchises (a 44 percent increase);
- Blacks owned 8.0 percent of franchises (a 70 percent increase);
- Female ownership among franchisees increased by about 50 percent.
You can read complete article here: