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The "Age Wave"

Challenges And Opportunities

Thank you for your very kind introduction and good afternoon.

It's a genuine pleasure for me and my wife, Lori, to be here in Australia, and to have this opportunity to address the Franchise Council of Australia. Let me begin by noting that both the U.S. and Australia have a passion for entrepreneurship. And I think a gathering like this is certainly evidence of that.

In the U.S., an increasing number of entrepreneurs are turning to franchise opportunities. As you know, franchising is a way for individuals to create their own enterprise, while still enjoying the security of a support network and the value of a recognized brand. I believe that the same is true here in Australia. It is truly remarkable that outside of the U.S. and EU, Australia is home to the third-largest franchise association in the world.

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