Earl Blanks is a former owner of a Party City franchise. Prior to his involvement with Party City, Blanks had started a small consulting business, the Small Business Marketing Planning Center, which provided marketing consulting services to smaller companies that generated $3-5 M per year in sales. Prior to that experience, Blanks worked at Procter & Gamble for over 7 years. Earl Blanks received his undergraduate degree from University of Arkansas and his MBA from Cornell University.
One of the key advantages is that research over and over again shows that about 94 percent of franchises are still in business after five years. For businesses that are created from scratch, about 18 percent are still in business. So your chance for success, especially if you are starting a new bu...(Full transcript available to logged in subscribers.).
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