But as said above, the one fixed with the financial outlooks produced by the IFA over the past four years is that every 12 months the reviews change lots of the figures stated within the report of the previous yr. The stories do have a convenient escape mechanism in that all the reports state that the numbers are “estimates. ” In other words, neither the IFA nor the high powered accounting and consulting companies commissioned to compile the reviews know conclusively how many franchise establishments exist today. If you read the reports rigorously you will notice that the PWC reviews state that 2007 was the primary time that there was enough information to even put forth a sound estimate. So whereas 1.9% might be the appropriate and practical development rate for 2012, given the track record of the reviews put forth by the IFA, franchisers must be greater than somewhat skeptical concerning the numbers that they provide.
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