In 2020, countless industries and business models went into slowdown or lockdown mode, trying to find a new normal in a world that was, well, not normal. Like everyone else, franchisors, franchisees, and their employees strove to find their way through a tough time. So it was a bit of a surprise, even for those of us with experience and deep knowledge in this space, when 2021 brought what the International Franchise Association’s annual economic outlook called an “exceptional year” of rapid recovery. Faster than anyone could have predicted, franchising was back in business!
Would you believe that during the coronavirus pandemic, franchises added over new 1200 locations? It is incredible to think that during the most significant economic downturn in decades, franchises were still expanding, and people still wanted to own a franchise. Many of the concepts that saw the largest growth were newcomers.
We all clean–or we hire someone to do it. Not all services are the same though. Ecomaids offers a very unique service of eco-friendly cleaning. No harsh chemicals are used, but a proprietary, all-natural product and skill are used to make sure your house it germ free.
Every franchise has its secret sauce to success. Peter Barkman from Junkluggers outlines the three key components their franchisees find the most helpful.
Pete is joined by Nick Lopez, the owner of Lime Painting, on this podcast episode. They discuss how Nick went from a college student to franchisor, when he will write his next book, the future of Lime Painting, and how painting services are always in demand
Scott Thompson is the first returning guest on our podcast. He is here this week to talk about Big Blue Swim School.
This week Pete and Nat are joined by Lance Farrell of Farrell's eXtreme Bodyshaping to discuss how this franchise is expanding and saving lives.
Franchising is a very dynamic field of business. New concepts are popping up all the time, but few are as innovative as Restore Hyper Wellness + Cryotherapy. They are taking many different biohacking and health services and combining them into one location.
When looking for a franchise to invest in, there are many ways to get yourself into the pipeline with a franchisor. But most of the avenues turn out to be sales, sales, sales. They are treating you like a commodity.