The fitness industry continues to be a safe investment. Still, it is crucial to choose one that fits your net worth, the commitment necessary, and your personal preferences for the highest rate of return. When deciding which one is right for you, these are the factors to hone in on.
The fast-food industry has encroached on every part of our personal lives, from food courts at malls to fast-food pickup. Although fast food has been a way of life since the 1970s, recent trends have changed over the past several years to introduce more variation and diversity to the industry. Menus are continually updated to cater to underserved demographics and entice a more diverse population. That is leaving many entrepreneurs with options to capture an entirely new and growing demographic.
Mass shutdowns and social distancing significantly impacted many businesses across the nation, and franchises were no exception, although they fared better than the rest. And although the economic impact is still looming as we head into the second quarter of 2021, there are some industries that not only appear to have weathered the storm, they have experienced a surge and appear to be headed into a renaissance for years ahead. The restaurant service industry, specifically the immediate service area, reported a revenue of over $239 billion in 2020, even amidst the pandemic. (more…)
As we move through 2021, many people hope that things will soon return to pre-pandemic normal. Although most of us are patiently looking forward to returning to life as we know it, not all workers are ready to go back to the nine-to-five grind. Things like remote and flexible working, a necessity during COVID, give workers a taste of freedom, which they may not be ready to give up when called back to the office. That has many considering the potential of business ownership.
A business startup’s problem is that it is very risky, especially in the uncertain atmosphere in which we currently live. But a franchise is different. Franchises are not startups; they are take-offs that require a lot less risk and stress. If you are ready to set out on a course to accumulating wealth, franchising can be your golden ticket. But there are three different types of franchise business models - which one is right for you?