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.

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.

Fun Fact Friday - VENDING!

Did you know that the first modern vending machine was invented in the early 1880s and dispensed postcards? Today, these machines have evolved into advanced self-service retail platforms.

1. Some vending machines are equipped with artificial intelligence and facial recognition technology, allowing personalized recommendations based on customer preferences.

2. Vending machine franchises offer a convenient business model with the potential for passive income. Imagine making money while people satisfy their cravings 24/7!

3. Healthy beverage and snack vending machines have gained popularity in recent years, providing nutrition to promote wellness on the go. "

4. Vending machines can be found in unexpected locations like airports, gyms, schools, medical facilities, and even luxury hotels, catering to diverse customer needs.

With the rise of cashless payment options and touchless technology, vending machine franchises are at the forefront of providing safe and seamless transactions.

This Week’s Franchise Theme - Real Estate

Real estate investors are having a challenge with finding houses to buy for either rental income or to flip.  We all know the supply of available properties is quite low. In addition, the rising interest rates make real estate investment less attractive.

With many investors not keen on the stock market now, there is even more investment money than usual looking to purchase a good piece of real estate. This too is driving the acquisition costs up which lowers the potential return on investment (ROI). 

In franchising, there are still very good real estate options with open territory.  This includes co-working spaces, daycare centers, modular homes, senior living communities, and preschools. To learn more about real estate franchises , connect with me on LinkedIn and send a message with how to contact you..  

Select Franchises’ blogs, e-newsletter, and live Franchise Minute event focused on real estate franchises this week. Register for next Wednesday’s Franchise Minute on vending using the link in the first comment below.