5 Hot Franchises for 2015
Looking ahead to 2015, here are 5 different franchises that we think are going to growing at an incredibly rapid rate:
Fresh U – Here’s a franchise that’s trying to take advantage of two major trends in the U.S. society – health consciousness and technology. Using a proprietary ordering app, customers at this Hoboken-based franchise are treated to awesome fresh food quickly.
Expense Reduction Analysts – Every business is looking to cut costs and this franchise helps businesses get that job done. As the economy continues to recover, businesses are going to keep looking for ways to unlock profit.
Uptown Cheapskate – One of the hottest franchises around, this franchise is all about marry resale and retail. Think of a high-end thrift store. People are always looking to upgrade and recycle their wardrobe, and Uptown is there to make the process enjoyable and lucrative.
Hard Knocks – Everyone is looking for a new “experience” and Hard Knocks brings laser tag to the next level. Hard Knocks is clearly the market leader in combat entertainment, and this franchise may explode in 2015!
Fresh Coat Painters – Although painting has been around for a long time in the franchising realm, Fresh Coat is poised for a major breakthrough. With locations in over 100 cities across America, they have a proven business model that can work for anyone.
If you are interested in opening a franchise, click here to get matched to opportunities that fit you!
CAUTION: 5 Things to Avoid with Your Small Business
Idea wealth, that is. Many entrepreneurs are too scared to talk about their new idea because they think that somebody else will steal it! In more cases than not, nobody has the time, energy, resources or PASSION to turn that idea into a reality. Got an idea? Tell people about it! You'll beshocked at some of the great feedback you get.
Don't Write a Business Plan
I've started and successfully harvested businesses. I've taught entrepreneurship for almost 20 years. As a part of my teaching and research I've written books and texts on how to write a business plan. I've read almost a thousand of them. Now I believe franchise companies can think differently about business plans.
Desperate Times Means Desperate Franchise Buyers
Early in my career, I encountered a franchise buyer who had made a rash decision that turned sour quickly. The funny thing was that he was intelligent, experienced and had a great deal of corporate knowledge – all the attributes that franchisors desire for their many franchise opportunities. I was intrigued that this experienced and generally deliberate person would make such a bad decision. So what went wrong?