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5 Ways Franchises Became Stronger in 2020
As the final days of 2020 approach, we at Hundred Acre Consulting thought this would be an excellent time to reflect on the franchising industry’s resilience and highlight some of the key ways franchises became stronger in 2020 and how we believe they’ve changed the industry forever. Let’s check it out. Adapted to Customer Needs Perhaps the…
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5 Semi-Absentee Franchise Opportunities You Didn’t Know Existed
When running a traditional franchise, it is common knowledge that it is a full-time commitment, which may not appeal to entrepreneurs looking to make a little extra cash on the side. Another option is semi-absentee franchises. What makes semi-absentee franchise opportunities so attractive to new and veteran entrepreneurs alike is that they boast short, flexible hours, allowing you to keep…
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How to Market Your Franchise
Picture this: you’re the owner of a great franchise. You have a great business model and offer a fantastic product, but you’re wondering how to market your franchise. This is a common struggle for many franchise owners, who want to reach a greater audience, but aren’t sure just how. Marketing your franchise has many benefits, with the most favored being…
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6 Reasons Why Franchises Fail
Business ownership can be a challenging venture for entrepreneurs, especially franchise owners. Unfortunately, despite having the dream to run a healthy and successful business, some franchises fail. There are many reasons why this happens, a few of which we’ll discuss below. However, there’s still a light at the end of the tunnel! Detailed in our reasons, we also share ways…
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Why You Should Invest in a Healthcare Franchise
Healthcare franchises are a lucrative part of the franchising industry. No matter what the economy’s state is, there will always be a need for a healthcare franchise. According to industry experts, the preventative healthcare market has grown 25 percent in the past five years, and it doesn’t show any sign of stopping. Also with the current state of the world,…
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6 Best Franchise Industries for 2021
Whether you’re one of the many entrepreneurs considering joining a franchise family or a franchisor keeping tabs on industry trends, you should check out our predictions for the best franchise industries for 2021. Restaurant/Fast Food In early 2020 restaurants faced a lot of uncertainty. Still, many food franchises have been among the shortlist of best franchise industries and…
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5 Mistakes New Franchisees Make
Becoming a franchisee can be a dream come true. It’s an opportunity for you to become a business owner. Plus, you’re joining a supporting business family while helping the expansion of a beloved brand. What’s not to love? That said, as a business owner, there are many mistakes and missteps you can make along the way, but never fear; we’re…