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How Millennials Will Change Franchising
The franchise industry is stepping into the future. Currently, millennials are aged 25 to 40 and comprise over 28% of franchise owners. So what does this mean for franchising as we know it? Millennials look for very different qualities in the franchises they choose to invest in, and they possess a leadership style that contrasts that of prior generations. As…
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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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Top 4 Franchise Trends for the Rest of 2020
The franchise industry saw many changes in 2019, however none like what we’ve seen so far in 2020. The oncoming of COVID-19 has shifted the industry as well as any trends predicted for the new year. Before the pandemic, the franchise industry was slated to increase by 1.5 percent to 785,316 franchise establishments. However, because of countless jobs lost and…
