Insights and resources for franchisees
Like the economy, the franchising sector is continually evolving. In the early days of franchising, franchise opportunities were sold to single owners who wanted a job as their own boss. Income potential was modest.
Today, there are many types of franchises. This makes franchising a suitable investment not only for those who want to have a job as their own boss, but, at the other end of the spectrum, for executives who want to create an income stream as a business owner. Such owners employ skilled people to work for them. The job of the franchisee is centered around focus on strategy.
As an investor, it pays to stay alert to trends within the franchising sector. By doing so, you will be in a stronger position to take advantage of these trends as they occur and invest in areas that are likely to grow in the next three to 10 years and longer.
We’ll keep you in the loop of what is shaping franchising today, and what is likely to shape it in the future. Factors such as technology, globalization, and global pandemics. We’ll bring you the latest in the evolution of financing, and owning multiple franchises.
Many would-be franchisees head straight for the biggest brands and most common businesses as their first franchise investment. Often, these are more expensive and don’t offer the best potential returns. We’ll help uncover the best franchise opportunities outside the obvious franchise investments. The opportunities that will provide the greatest potential to meet your goals.
Of course, it isn’t only the economy and consumer trends that impact your performance as a franchisee. You’ll also need to employ the experience, qualifications, and skills of other professionals. For example, it’s essential that you have all the legal issues examined and checked before you invest. We’ll help you identify the most suitable franchise attorneys with the experience you need to make a profitable investment.
From discussing industry trends, to identifying the professionals you need to aid value investment, to providing guidance on the nuts and bolts of buying and operating a franchise, New Ground Consulting is here for you.
To learn more about the trends that are impacting franchise investment today, those that are likely to create future opportunities, and the resources that will help you invest in and run a profitable franchise, contact us today.