Mosquito Joe Makes List of Entrepreneur Magazine’s Fastest Growing Franchises
As we’ve said again and again on this blog, Mosquito Joe has experienced amazing growth as a franchise within the last couple of years. Just four years ago, we were a small mosquito control business with one location in Virginia. At the end of 2015, we had 113 territories open in 26 states with dozens of franchise owners. It’s easy for us to brag about our accomplishments, but it means a bit more when one of the nation’s leading business magazines recognizes them as well. We are very excited to be on Entrepreneur Magazine’s list of Fastest Growing Franchises in 2016!
The list ranks 105 companies around the country from a variety of industries that are making a name in the franchise game. Mosquito Joe placed 40th on the list, accompanied by big-name brands like Subway, Dunkin’ Donuts, Supercuts, Rooter-Man, and many more. Entrepreneur spoke with the CEOs and managers of the franchises ranked to find out their secret to success. Across the board, franchises with a sustainable growth rate invest a lot of time into people; their franchise owners, staff, and customers. Building a great network of people around a business is the key: “Take care of people, and the numbers take care of themselves.”
Franchising continues to be a huge industry in the U.S.. According to the Franchise Business Economic Outlook 2016, the number of franchise establishments is expected to grow by over 13,000 this year, bringing the national total to 795,932. 20,000 new jobs were created in the U.S. franchise industry last month alone, a great start to the report’s projections of 278,000 new franchise jobs by year’s end. Amazingly, the franchise industry is expected to grow another 5.6% in 2016, adding $29 billion to the U.S. economy.
The franchise model offers aspiring entrepreneurs the chance to own their own business without the stress and risk of doing so alone. The Mosquito Joe franchise model, for example, includes extensive training and ongoing support for each franchise owner to give everyone the best chance for success.