SOURCE: FranNet of Minnesota

February 03, 2011 17:19 ET

FranNet Minnesota Announces 300 Percent Business Growth in First Seven Months Over Any Single Year Performance in the Past Ten Years

New Owner, Mike Welch, Aggressively Growing the Franchise Consulting Firm

MINNEAPOLIS, MN--(Marketwire - February 3, 2011) - FranNet Minnesota, a leading franchise consulting firm, announced today that the first seven months of operation under new owner and president, Mike Welch, has resulted in a growth of more than 300 percent as compared to the average yearly performance in the past decade. The growth of the past month is nearly half of the total for the first seven months of ownership.

Welch purchased the FranNet Minnesota franchise in June 2010 after successfully owning, operating and selling his previous franchise business. He also has experience working for other leading franchisors growing their operations nationally.

"Minnesota has a deep talent pool of emerging entrepreneurs who are seeking opportunities to run their own business using the skills they have learned in their corporate jobs," states Welch. "Franchising is a wonderful way to achieve this dream, and I am absolutely passionate about helping others achieve success through franchise ownership."

With more than 3,000 franchise concepts available today, FranNet Minnesota helps entrepreneurs learn about the many choices available and how to select the right one that is uniquely suited for them. No other franchise organization gives as much personal support and has as much experience and success in helping prospective franchisees find businesses. 

"Mike leverages his expertise in the franchise business area with inspirational enthusiasm and professional skill," said FranNet's President and COO Jania Bailey. "He clearly achieves new levels of growth and success by helping entrepreneurs make good decisions regarding franchise ownership. The national economic challenges of the past few years are fueling significant interest in franchise ownership, which is evident as we record our third consecutive year of record-breaking growth."

Mike has a blog at www.frannetmn.blogspot.com where he comments frequently on a range of business and economic issues. In today's blog he points out that:

  • Small business represents 90% of all business and creates 75% of all new jobs
  • 5 out of 6 millionaires made their first million in a small business
  • A franchise is opened every 8 minutes
  • People ages 55-64 represent the second largest segment of NEW entrepreneurs, just behind 35-44 year olds

About FranNet Minnesota

FranNet Minnesota is part of the oldest and most successful franchise consulting firm in the nation. The company helps displaced managers and executives evaluate franchising as a career alternative. FranNet Minnesota works exclusively with people who are looking to start a franchise business locally. There is no cost to the entrepreneur for the guidance, information and support received.

FranNet Minnesota partners with The SBA, The SBDC, SCORE, and all major outplacement firms in the Twin Cities to help take people from career uncertainty to career replacement. For more information go to www.franchisingminnesota.com or contact mwelch@frannet.com.

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