Steady Eddie Franchises

This term is for the consistent, unflashy, unsexy businesses that keep chugging along no matter what is happening in the economy, politics, global affairs, or technology.

Many people are in a quandary: they want to become a business owners to have control over their time, their money, and frankly, their futures. Yet, they are also concerned about where the economy is going.

Solution: explore “Steady Eddie” franchises. These are the kinds of businesses you see each and every day as you drive down the road. There are logoed trucks and vans for plumbing, carpet cleaners, quick sign, painting, and so on.

Don’t know anything about home improvements or sign production? So what?

EXPERIENCE IS NOT REQUIRED.

What is required are SKILLS?

• Do you have business acumen?

• Do you know how to manage people?

• Can you execute a business plan?

Those TRANSFERABLE SKILLS are what franchisors want - not the people who swing the hammers or run the presses. Those important people become part of your team as a business owner.

To learn more about how your transferable skills relate to a franchise, connect with me on LinkedIn and send me a message.

Surprising Facts About Cleaning Franchises

There probably isn’t a more boring business for me to recommend to someone than a cleaning franchise - UNTIL - the would-be business owner understands these three things:

The ROLE OF THE OWNER is to grow and manage the business, NOT CLEAN.

There are REPEAT, LOYAL CUSTOMERS who require regular cleans of

• Cars

• Carpets

• Swimming pools

• Dogs

• Clothes

• Houses

• Offices

• Exteriors of buildings

• Parking lots

• Barbeque grills - yes, there really is a franchise for just about everything

• Restaurant hoods

• HVAC systems

• Windows

• AND SO ON……

CUSTOMERS PAY in cash or with credit cards IMMEDIATELY.

To learn more about the potential to produce wealth and a handsome income from amazing cleaning franchises, tune into tomorrow’s LinkedIn event called the Franchise Minute. Register for it here.

June Weddings

I love the month of June. I associate it with weddings although other months are popular for weddings now. 

In two weekends, one of my nieces is getting married.  Bunny and John were high school sweethearts and have remained a couple through college and graduate school for both of them. I wish them many years of happiness.

In August, a nephew is getting married. Tom and Jen met at work - @Chik-Fil-A headquarters in Atlanta.

Two days ago my nephew Palmer got engaged💍 to his beautiful sweetheart, Kinley.  (You know it’s a Southern thing to name girls with their mother’s maiden names and other family last names. They sound like boys’ names but they are girls’ names, at least where I’m from.) 

Gary and Dowtin (there it is again - a girl with a last name for a first name) are engaged, too. Not sure who next in the family will hop on the wedding bandwagon. 

You know for just about any successful business there is a franchise version. Leading up to and during the wedding season here are some of the franchises that get busy: 

• Event and wedding planning

• Event lighting

• Printing

• Photography

• Food and catering

• Hair and beauty

• Bridal and formal wear franchises and on and on.

Do you have any June weddings coming up in your family? Share about them in the comments section below.  

If you are interested in exploring franchises related to weddings, connect with me on LinkedIn and send me a message.

Restoration Businesses Are Immune To The Economy!

What these services do is RESTORE things to their original condition after they are damaged. 

Damage is typically from fire, smoke, water, mold, and weather events.

Things that need restoring are:

• Homes and commercial buildings

• Items in the structure like

1. Ductwork

2. Furniture

3. Artwork

4. Documents

5. Textiles

6. Electronics

There are franchises that specialize in each of these areas. Restoration franchises appeal to PEOPLE who want a GREAT BUSINESS that DOES WELL REGARDLESS OF WHAT HAPPENS IN THE ECONOMY!

Connect with me on Linkedin and send a message to learn more.

Innovative Vending Makes A GREAT Business

“Innovative Vending Makes A GREAT Business” Vending is not just about snacks and drinks! Get ready for some fun facts about exciting vending concepts!

1. Over 100 billion items are vended annually worldwide

2. Expect quirky and unexpected options like live crabs to high-tech vending machines for luxury cars

3. Vending machines are not limited to food and beverages; you can find them dispensing anything from electronics and cosmetics to even live plants!

4. In Japan, vending machines are so prevalent that there is one machine for every 23 people. They sell EVERYTHING from hot meals and fresh eggs to neckties and even underwear!

If you are interested in what franchises offer vending, connect with me on LinkedIn and send me a direct message!

The Rising Demand For Property Management Services

I’m working with a great couple who is looking for a home-based business that utilizes the husband’s extensive background in real estate. 

Until the husband looked online, they didn’t even know there were property management franchises.

Not only do they exist, but they specialize in long-term, short-term, or vacation rentals. Some are home-based, and some require an outside office.

If you are interested in a home-based business, connect with me on @linkedin and send me a message with how to reach you.  There are thousands of franchise opportunities, and I can help you find THE ONE that is just right for you!

What Does Fast Food And Personal Services Have In Common?

What Does Fast Food And Personal Services Have In Common?

These two very different business categories are what are leading the growth in franchising. We all know Americans LOVE to eat out.  Another thing we LOVE are our personal services. These are things like 

• Beauty

• Health and wellness

• Fitness and sports

• Recreation

• Moving

• Storage

• Education

• Recreation and 

• Pets

If you are interested in creating wealth and another income stream from owning a business, contact me to learn which franchise is right for you!

It’s The Time For New Beginnings

I’m in the business of new starts, new beginnings, and new careers. Today Spring arrived. It is the start of a new season, one associated with birth and renewal symbolized by new life, budding flowers, and fresh starts.

These are the people who make a new investment or a new career by owning franchises:

• Perfect!  “Young” retirees desiring to give back and earn supplemental income  

• Empty-nesters ready to work together and enjoy the new phase of their marriage

• Parents and adult children eager to build generational wealth

• Savvy investors diversifying their assets and income streams

• Entrepreneurial people longing to grow something of their own

• Stay-at-home parents needing a career with a lot of flexibility

• Burned-out or stressed-out corporate employees longing for control 

If any of these resonate with you, message me on LinkedIn so we can explore what a business can do for you.

Can A Franchise Be A Side Hustle?

Yes, IF the franchise business model is built on a manager-run basis. What does this mean?   

A manage-the-manager business model means the role of the owner is clearly defined as an executive management one. The owner is NOT hands-on or involved in daily operations. 

Stated another way, the business operates independently of the owner being there. 

A General Manager (GM) is to ensure the employees are taking care of the customers.

People who successfully own manager-run franchises have 

• Strong leadership and 

• People management skills + PLUS 

• Solid understanding of business.

To learn which franchise may be best suited to you and provides a limited time commitment, send me a message on LinkedIn.

HOT FRANCHISE CATEGORY

Several factors are creating LONG-TERM opportunities in HOME SERVICE franchises: 

1. The limited supply of residential real estate.

2. Homeownership costs continue to increase from tight supply and higher mortgage rates.

3. The remote and hybrid work environments, i.e., more people are working at home.

BOTTOM LINE: People are continuing to fix up and stay put! 

You may be thinking, “I’m not handy, or I don’t know anything about construction.”

NO biggie! That kind of experience is NOT required. Franchise owners work “on” not “in” the business.  They hire employees or subcontractors that perform the actual work and focus on managing and growing the business.

Ideal BUSINESS OWNER SKILL SET: 

• Business acumen

• People management

HOT HOME SERVICE FRANCHISES: painting; pest control; outdoor lighting; handyman services; window treatments; flooring; pool cleaning; drain installation; etc.

Let’s connect on . Send me a message to learn more!

Successful Executive and Business Investor

In honor of Black History Month, I wish to highlight what a pleasure 😌 it was working with @Jamar Freeze.  He explored🧭franchise opportunities in the booming personal services segment of the franchise industry. 

Personal services include

• Health 🥗

• Wellness 🧘🏾‍♂️

• Fitness 🏃

• Beauty Services 💅

These services led the growth in ALL  franchising in eight out of the last ten years!

Like many professionals, Jamar works full-time in the corporate world and is open 🔓to business investments that he can grow “on the side”.

Riches Are In The Niches

Some people assume that a fitness concept really means “trendy”. Trends come and go - that kind of business is to be avoided.  

Health and fitness clubs are a $30B+/year industry. Boutique fitness is “niche” fitness.  

Remember - RICHES ARE IN THE NICHES! Why is this?

Boutique fitness studios excel in specific types of exercise. They also provide a community experience that can’t be recreated at home. They are the Go To places for desired fitness programs, classes, and events in their specialties. 

Examples of boutique fitness franchises:

• Yoga

• Pilates

• Ballet

• Running

• Rowing

• Stretching

• Boxing

• Dance

• Indoor cycling/spinning

• Personal training

A big takeaway from COVID is that people really want to go to the gym!  The clientele of boutique studios is repeated customers who have health and fitness as a lifestyle.

Many people are worried about the economy now with higher interest rates and the possibility of a recession.  The good news for fitness franchises is that the first discretionary expenses to leave a personal or family budget are travel and eating out.  

Small personal services expenses like gym memberships, haircuts, manicures, and massages stay within the budget when the belt is tightened. 

Fitness is a year-round business. At this time it gets an extra big surge every year. To learn more about riches in fitness niches, send me a message on LinkedIn.

Year Round Swim School Franchise

Over the course of almost 20 years, I've learned a lot about my favorite swim school franchise, and the assumptions that surround it. Many say that it's a seasonal business. That is not the case!

This is why it is NOT seasonal:

• Uses existing community pools, mostly indoor

• Camps are offered when school is out

• Ongoing need

• Swimming is not trendy

This is why it is so popular with franchisees:

• Home-based

• Affordable!  NO BUILD-OUT

• Family-oriented business

• Community involvement

• Hire the swim instructors

• Proven business model

• Scalable

If you are interested in learning more, send me a message on LinkedIn