With the world’s biggest and most authoritative franchise ranking, Entrepreneur Magazine’s annual Franchise 500 list evaluates the overwhelming number of available franchise opportunities and compiles a list of their top recommendations of best value for the money. This year, The Entrepreneur’s Source® continues its steady climb up the overall ranking, as well as taking the #1 spot in the business coaching and consulting category.
2022’s Franchise 500 list is particularly noteworthy. “This past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” Entrepreneur Editor in Chief Jason Feifer said in a statement. “The companies named in this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
How the Franchise 500 ranking is determined
To be considered for the list, a franchise must have a minimum of 10 units open and operating, have at least one franchise located in North America and be actively seeking new franchisees in the U.S. or Canada.
Once eligibility is confirmed, Entrepreneur uses a comprehensive ranking formula to assess each franchise offering. Each franchise is given a cumulative score based on the analysis of more than 150 data points and only the top 500 are included on the list.
The key evaluation factors include:
- Cost and fees- franchise fee, total investment, royalty fees
- Size and growth – open and operating units, growth rate, closures
- Support- training times, marketing support, operational support, franchisor infrastructure, financial availability, litigation
- Brand strength- social media presence, system size, years in business, years franchising
- Financial strength and stability- Franchisor’s audited financial statements
What makes The Entrepreneur’s Source® one of the best values among franchise brands?
As a pioneer in its industry, The Entrepreneur Source® (TES) continues to dominate the $11 billion Business Coaching franchise market in North America. For close to 40 years, TES has helped tens of thousands of individuals achieve their dreams of self-sufficiency. Today, with the nation’s workforce leaving the traditional job market in droves to pursue business ownership, the demand for TES and its network of Career Ownership Coaches® is ever increasing.
TES offers:
- Low investment franchise with low overhead and no employees
- Flexible financing options available and discount programs available for veterans
- Comprehensive 90-day new franchisee training
- Ongoing support, including peer performance groups, live virtual education, weekly franchisor spotlight calls and annual conventions
- Top notch marketing and business development tools
- Proven client programs and tools
- Excellent earnings potential, while being able to make your own hours and work from anywhere
- Meaningful and satisfying career work
The Entrepreneur’s Source® Career Ownership Coaches® are in demand, trained leveraging a nearly 40-year-old proven system to generate the results and lifestyle they desire. This industry leading franchise, ranking #1 in our category, offers aspiring entrepreneurs the opportunity to take control of their destinies through business ownership and coaching with the trusted support of an experienced international brand behind them every step of the way.
Do you find yourself wanting more out of your life and career? Are you ready to join a growing brand dedicated to helping you reach your Income, Lifestyle, Wealth and Equity goals by helping others achieve the same? Click here to take the first step.
