In Tough Times For The Unemployed, Franchising Might Be Their Answer
With millions unemployed and numerous industries struggling due to the coronavirus pandemic, some people who are out of work are considering a new career.
As positions dwindle in the fields they are familiar with, people are finding themselves forced to go outside their area of experience. And for some, that Plan B could be a blessing in disguise.
Owning a franchise has gained popularity in recent years, even in times of economic prosperity, as individuals have looked for a “second act” in their professional life. Franchise sales often do well in a down economy because unemployed people are tired of the lack of control they have in a corporate setting and are ready to become their own boss. Of course, there are also the additional dangled carrots of potentially more income and freedom. Read more.
Are you ready to own your own business?
Are you thinking of going into business for yourself and learning how the choice of a franchise can “jump-start” the process and your earning potential? Well, Franchise Foundry can help. Working with in-house franchise professionals you will work one-on-one in determining if you’re right for franchising and whether it is right for you. If you determine that franchising is a path to consider, you will be introduced to various industry segments and ultimately, brands that could be a “right-fit” situation . . . all to help ensure your future success! Learn more.
What makes successful franchises so profitable?
Every business owner dreams of the sustainability of their enterprises. Providing a good product or service, satisfying customers, establishing a reputation in the market are all generally great aspects to base a business on. To kick things up a notch, companies expand, but franchising does not happen overnight. It is just the beginning of a long process that needs constant hard work. Read more.
Identifying the Next Great Restaurant Franchise
When you need insight, asking an expert is the right way to go. Which is why Barbara Castiglia, host of The Main Course, sat down with Dan Rowe, Founder & CEO, Fransmart to discuss all things franchise. Why did we turn to Rowe to learn more about how to grow franchises? Good question. Rowe specializes in finding the next big thing in the franchise world. For more than 20 years, he has identified and grown brands like Five Guys Burgers & Fries, QDOBA Mexican Grill and The Halal Guys from small unit businesses to the powerhouse chains they are today. Under Dan Rowe’s direction, Fransmart’s franchise development portfolio brands have opened more than 5,000 restaurants worldwide, as well as facilitated franchise investments that cumulatively generated over 1-billion in revenues to date. In other words, he knows how to make franchises a success. Read more.
If you’re looking for a business lending source to help finance your start-up or manage your future wealth, contact us today. Benetrends Financial, a pioneer in the industry, has helped thousands of potential small business owners like yourself secure funding over the past 35 years. Learn more.
Business Ownership: Deciding If Franchising Is The Best Route For You
Currently, there are more than 30 million small business owners in the U.S., and of those, nearly 800,000 are owned franchise businesses. Although franchise owners are considered small businesses, they have a lot of advantages that go-it-alone company startups do not share. There is sometimes a substantial investment upfront to invest in a franchise; however, the benefits are numerous.
Although some people might consider franchise owners to be the epitome of Type A personalities set to revolutionize the world, many real franchise owners might indicate quite the contrary. Franchising is a system that operates on replicating the success of others. Read more.
5 Reasons A Franchise Business Is Even More Important Today
In 2019 and early 2020, the experts were predicting consistent growth in the franchise market. The International Franchise Association, in its February 2020 report, forecasted that franchises in the U.S. would grow by 2.8%, adding 232,000 jobs in 2020, for a total of 8.67 million employees.
While Covid-19 may have altered that prediction somewhat, there is great news about franchising, even during an economic or health crisis. Many franchise brands are even thriving, depending on the industry. So, for franchisors and franchisees (franchise owners), there are many reasons franchising will be more important in 2021 than ever before. Read more.
Technology and How it is Improving Franchising
Using technology in business is essential for business growth and development, keeping ahead of the competition and increasing profits. Some of the best franchise opportunities around have understood this in exactly the right way and their franchisees are reaping the rewards. Read more.
Would you think about building a house without blueprints?
The purpose of a blueprint is a high-level plan that guides collaborators through the process of designing and contributing to the development of an open course. Its purpose is to visualize the overall “architecture” of the course to guide the design, development, and cooperation process. Now, think about how exploring franchise ownership would benefit from the development of a blueprint as its high-level plan? Learn more.