Entrepreneur

5 TRENDS THAT WILL SHAPE FRANCHISING FOREVER

Could you see yourself starting a business in the next two years? If so, you’re in good company. Millions of Americans spent lock-down figuring out how to take the leap, and many of those people are turning to franchising to help them do it. So what can we expect from the franchises that all of these budding entrepreneurs will join, or start? Our experts say to look for everything from a boom in plant-based restaurants to shored-up supply chains, and an increased focus on work-life balance. If there’s one lesson we learned from the last two years, it’s that we must be prepared for the unexpected. But some shifts are solid enough to endure any fresh chaos. Here are five trends to watch for in the next 24 months.

1/There Will Be a Significant Influx of First-Time Franchisees

One of the pandemic’s biggest surprises has been “The Great Resignation,” with Americans voluntarily leaving their jobs at a record pace. New-business applications were on a record pace in

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur9 min readPopular Culture & Media Studies
15 Side Hustles You Never Knew Existed
If you don’t get squirmy around creepy-crawlies, try breeding insects! Crickets, Dubia roaches, and mealworms are all easy to cultivate, and lizard-owners never stop needing to feed their reptiles. Jeff Neal learned this in 2016, when he bought his d
Entrepreneur2 min read
Weathernews Inc.
“Asia will be the furnace in which a new era is forged,” according to global consultancy McKinsey – and Japan, as the continent’s second-biggest economy, will play a central role in this. The key engine of growth is likely to be services, which accou
Entrepreneur2 min read
The Loss That Changed My Company
When I was 17, I founded a company to save police officers’ lives. We distribute and manufacture body armor and other protective equipment. And yet, I will admit: For the first eight years, this work felt abstract—like watching war unfold on the nigh

Related Books & Audiobooks