What's Hot In Franchising Today?

Franchises that can be run from home are popular.

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OCRegister:

Home-based franchises: You can put this franchise type as one that is hot and getting hotter all the time for lots of reasons. The first is the lower start-up costs associated with a home-based business. For many entrepreneurs, the home-based business is the perfect fit for their personality profile and investment capabilities. Among some of the more popular home-based franchise opportunities are business coaching, personal services, home improvement, among many others. It’s important to note that many home-based franchise opportunities have as much upside earning potential as those with a fixed office or retail location.

Franchises targeted to women: It’s no longer a secret that more and more women are becoming entrepreneurs. Many of them look to franchising as a great way to open a turn-key business. There has been a tremendous growth in businesses that offer franchise opportunities geared to the interests of women entrepreneurs. These interests include interior design, fitness and window fashions .

Franchises working with children: For would-be entrepreneurs, a franchise provides them with an opportunity to pursue a special interest they have – like working with children. As franchisors will train candidates in the details of their business, someone with good business acumen but little or no direct experience in a given field can purchase a franchise and experience great success. Children’s after-school programs focusing on learning, art and science are a few areas where franchisees can pursue gratifying business opportunities. This is very popular for people transitioning out of corporate life.

Franchises working with pets: This would be classified as franchisees that pursue specific passions they have – like those who love their pets. Not to be confused with a hobby, which this is not. Over the last 5 to 10 years there has been a true emergence in franchise opportunities that allow entrepreneurs to work with pets (pursue their passion) but also build a great business. Among some of the more popular opportunities in this category are pet grooming and pet training.

Franchising is a lot more than restaurants and retail. The key is to find out which opportunity is the best fit for you.


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