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How Will Wall Street's Meltdown Affect Small Business, in particular, Franchising in the U.S.?

Before I answer your question I think a bit of historical background is important. Our economy is where it is today because we chose not to learn from what we did in the past.

I remember after the bubble broke following the dot-com meltdown we were faced with similar questions. And we moved through those troubled times to what became one of the best environments for the growth of small business and certainly franchising. It is a fact of life in our economic marketplace that business cycles happen. Business cycles in the United States have always produced a beneficial cleansing although living through the corrections is always painful in the short term.


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