Franchisees across the country are feeling the squeeze of rising costs, with 87% reporting that inflation is impacting their bottom line, according to the 2024 IFA Annual Franchisee Survey. From soaring labor costs to escalating supply prices, franchise owners face significant economic issues.
But amid these challenges, many are finding creative solutions — from leveraging new technologies to adjusting pricing strategies — to keep their businesses afloat. Here’s how they’re navigating the storm.
Inflation impact
Inflation has hit franchisees hard in 2024, with 87% reporting moderate to severe impacts on their businesses,
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