AboutThe Process
Contact
Get Started

As we head into 2022, we collectively look forward to a time when the pandemic is in full recovery, and we no longer have to mask up and keep our distance. We will certainly never forget the events over the past two years, including the effects that COVID had on us - personally, professionally, and economically. One trend that is just now catching up to us is the Great Resignation. According to the Bureau of Labor Statistics, in November 2021, nearly four million employees quit their jobs, which is the highest recorded "quits" in American history. The new high topples the previous record of 3.5 million in 2019. That begs the question, what is behind this mass workers' exodus?

What is Driving the Great Resignation?

No single factor is likely driving the Great Resignation, and the dissatisfaction that workers feel in their position probably started long before the pandemic hit. According to a Microsoft survey of 30,000 people, 41% considered either changing career paths or quitting altogether over the next six months, which means that the number of people calling it quits will grow as we head into 2022. 

When industries were forced to shut down, and people were sent home, they had time to consider other avenues to explore, like being a stay-at-home parent or finally realizing their dream of being a business owner. Being at home and being able to make do has many considering the prospect of finding another way to "make do" instead of just carrying on in their current position. 

Burnout

When questioned why people resigned from their careers, the top response was that they were burned out, particularly in the foodservice/hospitality industry (54%) and the medical field (52%). Burnout is so prominent that the World Health Organization termed the rash of resignations an "occupational phenomenon" of relentless long-term stress. Common symptoms described included:

Burnout can severely affect an employee's loyalty and commitment to their employer. And just one unhappy worker can tank the morale of an entire organization. Lastly, it can often have a domino effect when one person decides to hop ship.

Wanting to Work Remotely

Before COVID, not many people had had the opportunity to work remotely. Remote working, or a hybrid model, was already becoming a popular choice before industries were forced to shut down and send everyone home. The conditions of the pandemic only added fuel to the fire of remote-desirability. A whopping 40% of all workers changing positions indicated they did so to take advantage of working remotely. They believe that it provides a better work/life balance.

Being Mistreated

Workers also expressed that their decision to resign was partly due to being treated poorly by their employer. During the pandemic, companies with a favorable working culture treated their employees kindly. In contrast, those who did not have a healthy culture beforehand continued to create animosity by not caring for their employees. They focused on making changes to protect their organization instead of their workers and engaged in layoffs and other actions unfavorable to employees.

Poor Compensation

Many Americans felt the pinch of the rising cost of living and already being dissatisfied and unhappy, which only gave them more reason to look for better-paying opportunities. It is especially the case in the hospitality and foodservice industries, where workers reported that their top reason for switching positions was higher pay.

What's Next?

Most forecasters believe that the Great Resignation will likely last into 2023. Many of those leaving their positions will be considering a career transition, business start-ups, and other ventures. Many workers are finding that simply getting a new job is not solving their desire for change and a better work/life balance. 

They are looking for a fundamental change in the way they live, the amount of time they spend at work, and the place that employment has in their lives. Once workers turned a blind eye to their dissatisfaction at work because they believed they had no other options, the pandemic made us all feel vulnerable, and perspectives changed about life goals and what is important. 

With incomes becoming stagnant, job security becoming obsolete, and the costs of living and education continuing to rise, the allure of the nine-to-five grind does not make sense for many, especially in Generation Z and Millennials. They are already shifting to find a career more aligned with their passions.

Start by Asking Why You Want to Change Jobs

The key to figuring out your next move is to start by asking yourself why you are so unhappy. Employees who lack satisfaction in their position due to conditions like being underpaid, limited growth opportunities, a lack of meaning in what they do, poor management, and no work/life balance are quickly realizing that they want more than a paycheck. 

The Alternative to the 9-5 Grind: Franchise Business Ownership

For many, starting a new business is scary, and they are not wrong. New business start-ups have a high failure rate, especially in some industries. Franchising offers an alternative to the traditional new business start-up. A franchise has a proven track record of success and a road map to get there. Not only does it come with less risk, but it also comes with the groundwork done of marketing and building a brand. 

Franchises are not only more likely to make it through any economic condition; they come with support, guidance, and a playbook to follow. If you are ready to be one of the many million workers calling it quits to start down another path, then franchising is an excellent way to accumulate wealth, become your own boss, and find a more conducive work/life balance in your life. At Frannexus, we can help you find a new career path that will not only help you find the satisfaction you crave; it will give you the freedom to call the shots and be happier all around. Contact us today to begin finding your new lease on life!

Start exploring franchise ownership!

Coming out of the pandemic, we have all developed a different perspective on what life is about and what makes us “happy.” As we delve into the ways that COVID has forever altered our vision of mental health and what makes us feel fulfilled, a lot of focus has turned to the issue of entrepreneurship and mental health. It would be intuitive to expect that starting a business comes with a whole lot of risk and stress. 

The first couple of years can be grueling and intense, which you might think could be the road to misery. But the research about entrepreneurship and positive mental health shows the exact opposite. Although there will always be some people who suffer from mental illness regardless of their career path or chosen work position, according to research, entrepreneurs enjoy more health and happiness on average than employees.

(more…)

If there is one big takeaway from the pandemic, it is this: life is too short. As people around the globe are returning to some semblance of normalcy and enjoying their freedom again, many are not excited about returning to the same daily grind. With our post-pandemic perspective, many are realizing that life is what you make it.

Millions of workers are considering the prospect of making their employment more lucrative and finding a more fulfilling work/life balance. According to the Labor Department, a record four million-plus workers left their current position in April of this year to pursue another path. 

Typically, throughout history, a large number of people ditching their 9-to-5 occupations signals a robust economy. But thanks to the pandemic, that is not the case. The pandemic has resulted in the worst recession in US history and millions of people out of jobs - but employers around the nation are complaining about labor shortage and how they can't fill many positions.

(more…)

Donuts have been around as long as apple pie and baseball, and Americans can’t seem to get enough. Donut stores' market share in the food industry is over $7 billion, with nearly 14,000 various businesses, and will continue to grow 5.47% in 2021. As we head into a post-pandemic economy, sales of donuts are forecasted to grow. If you are looking for a franchise opportunity, the Donut Experiment might be your ticket to financial freedom and wealth accumulation. Unlike other donut giants in the industry, there is still plenty of uncharted territory for owners to claim!

(more…)

Staying fit never goes out of style, and Americans are particularly drawn to group-based workout opportunities. One such activity that has gotten a lot of attention in recent years is pilates, thanks primarily to the interest of a whole host of public figures. Entertainers and athletes swear by the exercise, with everyone from Madonna to Jennifer Aniston, to soccer player Cristiano Ronaldo and Pittsburgh Steelers wide receiver Antonio Brown, touting pilates’ benefit. Created in 1926 by Joseph Pilates, the popularity of Pilates among fitness enthusiasts has skyrocketed in recent years, with spin-offs and adaptations popping up to the original 34 exercises. Today, the market for pilates studios continues to grow. Today’s market is worth $12.8 billion, and it is projected to have an annual growth rate of 11.7% through 2025. 

If that isn’t reason enough to consider a future as a pilates franchise owner, think about this: Currently, about 9 million Americans practice pilates. A BODYBAR pilates franchise can help you capitalize on that potential with a business that offers an anticipated return on your investment in less than three years, in addition to a predicted profit margin of 30%. And most studios achieve profitability in as little as three to six months.

Best of all, a BODYBAR pilates franchise doesn’t require you to have any fitness industry experience. All that is needed is a passion for fitness and a desire for a flexible, empowering career. Whether you are an existing business owner or have always dreamed of owning your own business, investing in a BODYBAR pilates franchise may be the answer you have been looking for to achieve your financial and business goals.

(more…)

Remodeling a home’s kitchen is at the top of many homeowner’s wish lists. According to research conducted by Statistica, the most popular reason given by 37% of homeowners for why they are finally embarking on this type of renovation is having the funds to do so, according to research conducted by Statistica. But this is not an inexpensive update. Houzz.com reported that the median amount homeowners spent in 2020 remained stable at $35,000.

With home improvement booming in general in 2020—spending grew by nearly 3% to $420 billion in 2020, per a recent study by Harvard University's Joint Center for Housing Studies (JCHS)—the time is now to get in on this lucrative franchise opportunity. Especially since researchers involved in that study expect the numbers to climb an additional 4% in 2021.

(more…)

By 2025, the worldwide market for all things beautifying will increase even more, to an estimated $758 billion.

According to a recent report, there are significant opportunities in this rapidly growing market for lash extensions. Lash extensions appear to impact mascara’s sale, with several major makeup collections not even including the once-beloved product in their initial offerings. CNN.com reported that between 2016 and 2019, sales of false lashes and related products (kits, glue, and applicators) increased by more than 80% to $313 million in annual sales. What’s more, lash extensions are excellent repeat business. According to The New York Beauty Institute (NYBI), the average lash extension customer will return to their preferred salon every four to six weeks for a new application. 

Savvy entrepreneurs understand the importance of seizing an opportunity of this magnitude. Now is the time to invest in a franchise with a premier position in this burgeoning industry, The Lash Lounge. 

(more…)

As we head into a recovery phase after the pandemic, many are considering the prospects of switching gears and trying something new. The only real way to start accumulating wealth is by going into business for yourself - but start-ups can be risky. A franchise like FocalPoint Business Coaching might be your ticket to financial stability and personal fulfillment.

According to statistics, business coaching has been an $11.6B industry just in 2021. The annualized market growth is somewhere around 1.2%, which means it is accelerating faster than the overall economy. The business coaching industry is the 9th ranked Educational Services industry and the 474th largest industry in the nation by market size. Factors driving the industry are a growing life cycle stage and an increasing number of households in the US making more than $100k.

Life coaching is currently the second-fastest growing industry around the globe and increasing annually 6.7%, with an estimate of nearly 8 million coaches presently practicing in the United States. And the demand for life coaches is anticipated to climb at a rate of almost 5.5%. The market value will reach $1.34 billion by the year 2022. 25% to 40% of Fortune 500 companies insist on executive coaching as part of their promotional opportunities for best performers and top earners.

(more…)

The average person is living much longer than they did just a decade ago - which is fantastic, but it is also putting some strain on families caring for their aging parents and loved ones. According to statistics, In-Home Senior Care Franchises totaled $12.4B in 2021, with a market growth of 6.5%. That means that the total market size of In-Home Care Franchises grew faster than any other business franchise overall. 

Another factor driving the need for In-Home Senior Care is an advanced push to move more patients from a hospital to home healthcare. The number of adults older than 65 will continue to grow steadily over the next decade due to advances in medical care and living standards. Senior care began its sector growth as far back as the 1960s and has grown substantially. As the government’s assistance with Medicare and a health campaign focused on awareness from the National Institute on Aging began to increase, so did the life expectancy of those living past 65 years old. 

Home healthcare is currently the most significant opportunity for the senior care franchise industry, be it medical care or non-medical care services. Non-medical assistance involves helping seniors with everyday living skills, chores, taking medication, and being a companion. ComForCare is one of the leading franchises for both medical and non-medical home-based senior care. Overall, the United States home care market is anticipated to grow to $225B by 2024, meaning there will be endless opportunities for those looking to enter the in-home care services market. AARP reports that the total senior population will increase by over 21% by 2050, which will only further increase the need for senior home care. 

(more…)

Ask most people if they would like to have a cleaning service handle the scrubbing, dusting, and vacuuming around their homes, and the odds are strong that you will get an enthusiastic “Yes!” People’s interest in hiring someone to handle their housework is a big reason why the residential cleaning business is doing so well. IBISWorld reports that the U.S. market size for residential cleaning service franchises will hit $899.9 million in 2021.

The growth potential in this industry is on an upward trajectory, with an anticipated 10% increase in business by 2026. Currently, about 1.7 million people are employed by the industry. Still, unlike some businesses, turnover is very low—only about 2%—with an anticipated 6.6% job rate growth every year for the next five years. What all these numbers translate to is a great franchise opportunity.

What’s more, the number of households interested in a residential cleaning service is expanding. Residential cleaning services are no longer viewed as a luxury by many Americans but as a necessity. You can capitalize on this and realize your dreams of owning your own business when you invest in a Molly Maid franchise.

(more…)

Across the U.S., employees are not looking forward to returning to the same daily grind, and the good news is, they don’t have to. For many, business ownership is a feasible option to secure their financial future. A franchise is a better way to build wealth than trading time to make someone else’s fortune. If you are looking for an excellent franchise opportunity, then owning a Grease Monkey franchise might just be your ticket to financial security. 

(more…)

There aren’t many businesses that can weather an economic downturn - and not just survive but thrive. Haircutting is a nearly recession-proof industry. We all learned that it was an essential part of our daily lives when hairdressers across the nation were forced to close their doors due to COVID. Now, as the world begins to return to pre-pandemic normalcy, it just might be time for you to invest in an industry that can withstand any storm.

(more…)

Address: 3400 N US 75-Central Expy 1000 Ste #110, Richardson, TX 75080
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram