This is a recording of a live webinar recorded on May 23, 2025, starting at around 2 PM Eastern Time USA.
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Links from the episode are here:
- https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/
- https://www.ismworld.org/globalassets/pub/research-and-surveys/rob/pmi/t4iff202504pmi.pdf
- https://www.ismworld.org/globalassets/pub/research-and-surveys/rob/nmi/apexrob202504svcs.pdf
- https://www.ismworld.org/globalassets/pub/research-and-surveys/rob/hospital/sprtrob202505hos.pdf
- https://tradingeconomics.com/united-states/unemployment-rate
- https://tradingeconomics.com/united-states/inflation-cpi
- https://www.sca.isr.umich.edu/files/chicsr.pdf
- https://www.census.gov/econ/bfs/current/index.html
- https://www.uschamber.com/sbindex/summary
- https://www.vistage.com/vistage-ceo-confidence-index/
- https://www.guidantfinancial.com/small-business-trends/
- https://www.linkedin.com/pulse/entrepreneurs-agree-now-much-better-time-startups-than-bkjie/?trackingId=1DQPHtzvzHEEIgElg8OyNw%3D%3D
In our latest Franchise Your Business podcast, we analyze current economic indicators and their impact on franchise development, revealing a stable economy with significant entrepreneurial interest despite mixed signals from manufacturing and consumer sentiment.
Per the links provided and data sources cited in the video:
• Manufacturing PMI at 48.7%, showing contraction but with improving trend compared to last year
• Services PMI at 51.6% and Hospital PMI at 55%, indicating overall economic expansion
• Unemployment rate steady at 4.2% with improving labor force participation
• Inflation decreased to 2.3%, lowest since February 2021
• Nearly 450,000 new businesses formed in April, showing strong entrepreneurial interest
• Consumer sentiment dropped sharply, potentially due to recent tariff implementations
• 58% of CEOs expect increased sales despite mixed economic outlook
• 77.8% of entrepreneurs believe now is a good time to start a business
• 45% of small business inquiries are franchise-related according to Guidant Financial
• Almost half of franchise inquirers are completely unfamiliar with the brands they contact
Thank you all for joining us today. Have a wonderful Memorial Day weekend, and let's remember those soldiers and loved ones we've lost who have served our country in battle over the years.
This episode is powered by Big Sky Franchise Team.
Big Sky Franchise Team is consistently recognized as one of the best franchise consulting firms in the United States, helping entrepreneurs franchise their businesses through a proven 3-Step franchise process rooted in ethical principles, hands-on guidance, and customized deliverables. If you are ready to talk about franchising your business you can schedule your free, no-obligation, franchise consultation online at: https://bigskyfranchiseteam.com/.
The information provided in this podcast is for informational and educational purposes only and should not be considered financial, legal, or professional advice. Always consult with a qualified professional before making any business decisions. The views and opinions expressed by guests are their own and do not necessarily reflect those of the host, Big Sky Franchise Team, or our affiliates. Additionally, this podcast may feature sponsors or advertisers, but any mention of products or services does not constitute an endorsement. Please do your own research before making any purchasing or business decisions. References to external data sources, studies, statistics, or other third-party content are not claimed as our own unless explicitly stated. We do our best to provide proper credit and citation where due. If we unintentionally fail to cite or credit a source, please let us know, and we’ll gladly ...
