Why Invest in a Phoenix Franchise?
Are you looking for an investment opportunity in Phoenix? Do you want to be your own boss and own a company in one of the fastest growing economies in the world? Are you a hard worker who understands business management? If you answered yes, Transworld is looking for you to open our newest franchise in Phoenix, Arizona! The strong and expanding economy of Phoenix creates the perfect foundation on which you can build your franchise and the business support network can provide invaluable resources for your success. Keep reading for more details about what Phoenix can offer your Transworld franchise.
Top Rated Economy
Phoenix has been found to be one of the strongest United States economies, ranked #44 on Forbes’ list of the Best Places for Business and Careers. With one-third of the state’s entire labor force working within the city, Phoenix’s industries are rapidly growing in size and diversity. Finance is the industry with the biggest growth, as various major financial brands have moved to the city, including American Express, Discover Card, Wells Fargo Bank, Chase Bank, and Bank of America. Finance isn’t the only successful and growing industry in Phoenix; tourism, manufacturing, technology, and business services are all experiencing huge growth. The rate of job growth in Phoenix remains high, and thousands of people move to the city each year to fill the jobs in these expanding industries. Your Phoenix franchise stands to gain from this economic diversity because a diverse economy is more resistant to recession and has an easier time recovering when the economy does experience downturn.
Small Business Association
When you open your franchise in Phoenix, make sure to fully take advantage of all the resources available to you. The Small Business Association, or SBA, is a national organization with offices in Phoenix offering a huge support network and resources to small businesses. Employees of the SBA in the Phoenix office can advise you on developing a business plan for your franchise, finding sources of funding, and creating a marketing strategy. A primary goal of the SBA is to assist small businesses in obtaining funding, especially in underserved areas; they are proving extremely successful at this. In 2014, the SBA 7(a) loan program increased the number of approved loans by 12% over 2013, and increased the dollar amount lent by 7.4%. By lending $19.19 billion nationally in 2014, the SBA helped thousands of small businesses or franchises get started, buy supplies, or expand. Even if your Phoenix franchise has no trouble accessing funding, taking advantage of the other services that the SBA offers can help you get on the path to success.
There’s no time to delay! Phoenix’s strong economy is growing, and many people are looking for the chance to capitalize on that growth. Don’t miss out on this opportunity to be your own boss and operate a strong company in the vibrant city of Phoenix. Click this LINK to get started on opening your Phoenix franchise.