The franchise model of doing business is a decidedly American affair.
The concept marries the power and scale efficiencies of large corporate bodies with the entrepreneurialism and hard work of mom-and-pop small business.
According to the United States International Trade Association:
there are over 780,000 franchise businesses that directly employ over 8.8 million people and account for over $890 billion in direct economic output.
The franchise model is one of the powerhouses of the US economy and features countless household names – McDonald’s being one of its truly global successes.
In this Process Street article, we’ll look at:
- What a franchise is, and the costs associated with starting one
- What the 2016 film The Founder tells us about the origin story of McDonald’s
- The role the Founding Fathers played in the history of franchises
- What systems McDonald’s used to propel their franchised successes