A Pet franchise can be a great opportunity for those who are passionate about animals. It is an extremely fast-growing and Stable Industry. It’s recession-resistant as pet owners see their furry friends as a major part of their family, and such, the products, and services they buy for them are necessity items. Interestingly enough, studies show that more and more Millenials are choosing to have pets instead of children.
I had the pleasure of being a guest on The Franchise Academy Podcast with Tom Scarda to discuss the secrets of choosing the right franchise. We had such a full conversation covering many aspects of franchising. Take a listen.
Opening a franchise requires investment capital, and many people find it a challenge to sift through the many different options. Currently, interest rates are some of the lowest that we may ever see in our lifetime, but if you are someone who isn’t comfortable taking on debt, there may be alternatives for you as well.
Sharing three advantages to opening a business during a bad economy or even in these uncertain times.
The key is finding the right business’s that can still thrive during these uncertain times and laying the foundation for a great business for when things turn around.
Six lower investment and lower overhead industries in franchising that are “pandemic resistant” and will be needed during and after we get through this crisis.
Beauty services are a big business; in fact, it’s a 60-Billion-dollar industry. However, other than value priced haircut chains it’s highly fragmented and dominated mostly by small “mom and pop” players.
Once you have decided to move forward with a franchise opportunity the next decision is whether to open a single unit or multiple units (these are often called an area development agreement.) The question is how do you decide how many franchises you should open? There are 3 main criteria that are important to consider when you are making this decision.
What a semi-passive or semi-absentee business means, in my opinion, is that you don’t necessarily need to be present during normal business hours. You are essentially an active investor. The business is designed to be able to put a manager or managers in place to run the day-to-day and for you to manage those managers.
Many people love the idea of opening a business-to-business franchise. Often times these individuals are coming from a high-end corporate position and they like the idea of a business that can utilize their corporate experience. Read this article to see if you have what it takes to become a B2B franchisee.