Essence Magazine:
By Ebony Flake ·Updated April 27, 2024
Franchising provides a gateway to entrepreneurship, allowing individuals from varied backgrounds to realize their business dreams. Despite its growing prominence, disparities persist in franchise ownership. Black business owners accounted for less than 3% of all franchise firms, and Hispanic businesses accounted for nearly 5%.
Tarji Carter, a franchising expert, emphasizes the distinction between mainstream franchising and opportunities accessible to newcomers. “There’s mainstream [franchising], and then there’s
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