According to a survey by Guidant Financial and LendingClub, 62% of franchises in the U.S. are owned by baby boomers. GenX owners represent 30%; millennials only 8%. Franchisees have a higher level of education than the average small business owner, with 85% having a higher degree (compared with 67% of average business owners in the U.S.).
Barbara Weltman
Big Ideas for Small Business, Inc.
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