This week’s Insider focuses on the jaw-dropping growth and profitability in manage-the-manager type businesses and executive businesses.
These stories of success during the pandemic were the constant theme of last week’s energetic, exciting franchise conference. Here are two main conference takeaways for you:
First, while many independent businesses have disappeared, strong national brands with over-the-top support and guidance to their franchisees have gobbled up market share, grown in the number of their territories, and increased their profitability.
Second, as people re-evaluate their jobs, careers, and work environments, working from home (WFH) and “side hustles” are very popular. The good news is there are more opportunities to create wealth and cash flow from these types of franchises than I have seen in all my 18 years in the franchise industry.
We’ll take a look at a few of these franchise opportunities below:
Manage The Manager: Location-based Business
Membership-based boutique fitness concept
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Manager-operated, minimal staff
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Proprietary training programs
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Strong growth with increased profits
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Health, wellness, and beauty concepts are exploding!
Manage the Manager: Home-based Business
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Booming home improvement industry
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Simple model – quick to open, few employees
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Low investment with STRONG returns
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Essential service
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U.S. based call center books appointments
Executive Business: Residential + Commercial Essential Service
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Insurance covers repair or replacement expenses
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Franchisor handles all insurance processing
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U.S. based call center
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Subcontractors, no employees
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Done-for-you social media marketing
There are many takeaways from the franchise conference last week. I’ve highlighted the two most important ones for you, but I’d love to share more with you. So, to learn what is booming in franchising now, call or text me at (706) 736-0579, email me at [email protected], or book a call with me using the yellow calendar button.
Let’s stay in touch!
