When a franchise has a successful year, we expect to see it climb in our Franchise 500 ranking. Maybe it'll move up 20 or 30 spots. That's normal.
But every year, there are a few outliers that somehow rocket-blast themselves hundreds of spots up the list. Growth like that doesn't come easy, and there must be a story behind it. That's why, every year, we reach out to the companies with some of the biggest growth stories to ask one question: "How'd you do it?"
This year, we learned about the power of patience, the value of tapping into a national conversation, and the progress you can make by punching through a bottleneck. Hopefully, you'll find something useful in the stories-a new way to frame a problem, perhaps, or even a specific strategy you'd like to try.
If nothing else, you'll find inspiration. The companies here demonstrate how a strong culture, strategic thinking, and healthy franchisee relationships can build an incredible growth engine that powers serious momentum. Buckle up: Here are 2024's Big Movers.
How Ellie Mental Health Jumped 194 Spots
The U.S. is facing a growing mental health crisis. Ellie wants to be the solution.
Ellie wasn't on our list last year. Now it's No. 307.
Shortly after Ellie Mental Health started franchising in 2021, the company hosted its first discovery day at its very first clinic in Saint Paul, Minnesota. Four potential franchisees showed up. The next month, it was five people. And by month three-in October 2021-40 people and 17 groups came in looking to buy a territory.
This story is from the January - February 2024 edition of Entrepreneur US.
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This story is from the January - February 2024 edition of Entrepreneur US.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The $20 Bill That Became Priceless
As I built my snack-food brand, Sun & Swell Foods, I kept hearing the same advice: Hustle for your customers. Never turn down business. Obsessively focus on ROI. So that's what I did-and although my company grew, it wasn't profitable. This began affecting me emotionally. I love my brand and care deeply about its success. Its challenges started to feel like my own.
THE BEST MARKETING DOLLARS I'VE EVER SPENT
Great marketing doesn't require huge budgets. We asked franchisees and franchisors to share their best marketing ROI-and their stories (on the following pages) will inspire you.
READ THIS BEFORE MEETING A FRANCHISOR
Thinking about buying a franchise? You should meet the franchisor-and you should know exactly how to approach that meeting-to ensure you're making the right decision.
THE BOLDEST NEW IDEAS IN FRANCHISING
These eight innovative businesses are now franchising-and maybe in a few years, they'll be climbing the Franchise 500 list too.
5 BRANDS GROWING IN LEAPS AND BOUNDS
Want to know how to rocket up in the Franchise 500 rankings? These brands all jumped over 150 spots since last year-and they're sharing the strategies behind their growth.
FRANCHISE 500 TOP 10
Meet the Leaders of the Franchise 500
TAX STRATEGIES TO MAKE A DIFFERENCE IN 2025
Your taxes won't go up this year. But you can still find new ways to decrease your burden.
HOW TO CLOSE THE SALE (EVEN WHEN THEY SAY NO)
I'm the world's leading door-to-door sales expert. I've heard “no” endlessly. Here's how I close sales anyway-and how you can too.
'The Sword We Refuse to Die On'
Some people tell Chip and Joanna Gaines to play it safe, and to keep doing what made them famous in the first place. But they're ready to take more risks-because that's the entrepreneurial way.
Are You Feeling the Squeeze?
Many companies are struggling with rising costs and tighter margins. We asked six business leaders to share their solutions.