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Everytable is helping its employees accumulate wealth through one of the most common paths to business ownership: franchising.
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There are about 750,000 franchise establishments in the U.S. today.
Virtually all of the entrepreneurs who opened those franchises had to prove good credit and put down a lot of cash.
For example, opening a McDonald’s franchise requires an initial investment of at least $500,000 in non-borrowed capital. And that’s just to get started. Becoming a franchisee is often out of reach for Americans born into low-income communities without the head-start of generational wealth.
Everytable wants to remove those hurdles. The company recently started a program that trains and provides capital to employees from marginalized communities who want to work toward owning their own
This socially focused franchise model could serve as a blueprint for how other companies can grow and profit while giving workers the opportunity to gain wealth - not just a wage.
See the full article on franchising, here: www.freethink.com/series/hard...
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