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Top Five Business Ideas for 2015

One of the things that makes Americans unique is that all of us have a bit of entrepreneurial spirit. Our country was built by people like yourself, who were ready to open their own business and become the economic leaders of tomorrow.

Restaurant Owner

Even if you’ve decided you want to start thinking about being your own boss, you need an idea of what type of business is right for you. Businesses come in all shapes and sizes and figuring out what works is vital to running a successful and profitable operation.

So here are the top five business ideas for you to consider opening in 2015:

  1. Restaurant Everybody has to eat, right! Americans absolutely love dining out, so running a restaurant can be incredibly profitable. Plus, opening a restaurant is one of the most fun things you’ll ever do in your life.
  2. Senior Care Americans are getting older, fast. As the Baby Boomers retire, the demand for qualified senior care is skyrocketing. Senior care businesses usually work by providing in-home care to people as they age. An owner of a senior care business focuses on finding new clients and usually hires others to actually provide the care.
  3. Business ServicesBusinesses spend billions and billions dollars a year that the general public never knows anything about. Services such as staffing, handyman work, cleaning, painting, marketing, billing, and consulting of all different sorts all make money by servicing business customers. Depending on what your skills are, you may find that you can easily fit into one of these businesses.
  4. Fitness As the health and fitness revolution continues, the demand for excellent fitness training is clearly outstripping supply. People are demanding quality gyms as well as in-home trainers to help them achieve their goals of living a healthier lifestyle.
  5. Home Based BusinessAlthough this isn’t a type of business specifically, working from home and owning your own business has never been easier. With technology making our world smaller and smaller every day, you should definitely consider running a business from home. It will allow you to balance your life in ways that you can’t imagine.

With any of these business ideas, starting a franchise is the easiest way to become an entrepreneur. Rather than having to deal with the stresses of doing everything from scratch, you can rely on established franchise systems to provide you with a turn-key business model.

If you’re interested in any of the business types above, click on the name to see franchises that are looking for new owners in your area.

If you’d like some help being matched with franchises that fit you best, click here to take our brief franchise matching quiz. A few simple questions will allow us to understand which type of businesses will work for you.

The Best Senior Care Franchises

Before we get to the individual business profiles, however, a quick background on what senior care and home care businesses do and why they serve such an acute need: An increasing number of elderly Americans want the opportunity to remain at home as they age. Unfortunately, to do so, many of these individuals require personal assistance beyond what their families can provide. The best senior care franchises and homecare franchises manage to meet this need cost- effectively -- to the great relief of worried family members -- by providing compassionate non-medical care, such as transportation assistance, light housekeeping, meal preparation, companionship, assistance with taking medication, and, in certain cases, medical services.

Franchise Mergers and Acquisitions

There are several reasons for franchises to consider acquiring another franchise. It could give them the opportunity to add new products without the risk or cost of developing these offerings internally. It could help the buyer add new markets, geographically or demographically speaking, with an already strong existing brand. Acquiring a franchise supplier or distributor could build efficiency through vertical integration. Acquisitions can also help a franchise develop sufficient scale to compete with a larger rival more effectively.

Social Media Tips for Franchisors and Franchisees (from a Franchise Lawyer)

No, these aren’t marketing tips. I can’t help you get more Twitter followers, and I can’t help direct more traffic to your Facebook page. What I can do, however, is provide information that might help keep you out of trouble while you do these things on your own.