With Recession Expected To Last, Which Franchise Businesses Will Succeed?
With Recession Expected To Last, Which Franchise Businesses Will Succeed?
A recent survey of top economists has concluded that, if professional estimates are right, recession is likely to last through 2009. Of course, no one can definitively say what the future holds, but of 102 of today’s great economic minds, all but 10 held far more pessimistic outlooks than they had only 3 months prior. Of them, 79% expected an economic growth of no more than 1% over the next year, and 38% felt that the economy would most likely continue to shrink. Only 36% of those surveyed believe that all the government’s efforts to turn things around were having any kind of a positive impact, while the vast majority see no fruit from all the government has tried to do to free up the credit situation. All things considered, these 102 professionals do not have high expectations for 2009.
If their predictions prove true, those in the business world do not have a great deal to look forward to, and those hoping to break into the business world have a potentially steep road ahead of them. There is, however, a very stark difference between steep and impossible, and even though the economy, present and future, may not be pretty, there are still ways that franchises can help new business owners make their way even in long-term recession. The following are some of the business opportunities that franchising offers in what some people consider recession-proof industries.
Alliance Cost Containment
Thriving for the very reason that so many businesses are suffering, Alliance Cost Containment franchisees are some of the best in the business at analyzing a client company spending to establish new ways of cutting costs and saving money in tough times. Franchisees work from home and are trained how to address 35 specific areas of business finance that most companies struggle with. There is limited travel involved, and franchisees have consistent access to ongoing training and support from central staff and other franchisees who have a wealth of knowledge to share.
Grease Monkey
A great recession-proof business opportunity is the auto industry. Though manufacturing and sales of cars decrease during economic downturn, people are more likely than ever to seek auto service because they don’t want to buy a new car. A Grease Monkey franchise is the perfect way to capitalize on this trend. The only nationally recognized lube chain that is not owned by an oil company, this franchise gives franchisees a first class business experience with full training, support, and site-selection services without mandating the use of certain products over others. There is quite a bit of potential success and financial freedom to be had for a Grease Monkey franchisee.
Meineke
This is one of the most well known auto franchises around, with a nationally recognized name that has been seen by millions on TV and print advertising. With a more-than-successful 36-year track-record, Meineke has kept itself up-to-date with current industry trends without losing connection with its traditional, service-oriented roots. Join over 900 other franchisees on their road to success with this shockingly successful business franchise.
Precision Tune Auto Care
Franchisees with this business are brought into a family of franchises whose focus is on serving clients in addition to servicing cars. Though each franchise tends to numerous automotive needs, including air conditioning, brakes, fuel injection, air induction, fluid maintenance, and tune-ups, the key to their success in the industry is being able to call their clients by name, because they keep a standing relationship with each one.
Case Handyman and Remodeling
Home service franchises offer another great business opportunity in the midst of recession, because, though many Americans can’t purchase new property, they are still interested in repairing and updating the properties that they have, in case the market turns and they can sell. Case Handyman and Remodeling offers them just such an opportunity, with a home service business model that mixes neighborly treatment with Harvard-level knowledge of the industry. Franchisees are able to start their businesses at whatever size fits them best and are given plenty of room to grow as necessary.
Homeworx
Taking a different approach to the home improvement industry, this business for sale doesn’t directly serve clients who want construction services; instead it aids the other businesses doing the construction and remodeling by providing warranty services on their behalf. This frees the other companies to focus on doing the labor that they’re assigned to. Franchisees don’t necessarily need previous home industry experience, just the willingness to learn from an expert team that does have the experience and can teach them all they need to know.
Return-a-pet
Though it may come as a surprise, the pet industry seems, so far, to be recession-proof. Despite economic decline, people are unwilling to stop spending money on their family pets, and one home based business putting that knowledge to use is Return-a-pet. The system is simple: Return-a-pet has developed a pet registry that people can add their pets to, in case the pet is lost, and receive tags with a custom registration number and a phone number to call if the animal is found. Every home business franchisee pays a one-time licensing fee to become a Return-a-pet distributor and is immediately taught how to market and sell the product.
Though everyone had hopes that this recession would pass quickly, that has not been the case, and according to economic pros, it won’t be the case in the near future, either. Recession, however, is not the same as economic collapse. There are still numerous business opportunities that either survive downturn well or miraculously thrive in it. As you give heavy thought to whether or not this is the time to start up a franchise of your own, keep your eye on these industries and see how they continue to prosper in the midst of this economic crucible.
With Recession Expected To Last Which Franchise Businesses Will Succeed - To learn more about this author, visit Candice Clem's Website.
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Obviously, we’re in the midst of a recession; that’s been the buzzword for too long now to ignore it. But the question rising to the surface of people’s minds now is exactly how long this downward trend is going to last.
A recent survey of top economists has concluded that, if professional estimates are right, recession is likely to last through 2009. Of course, no one can definitively say what the future holds, but of 102 of today’s great economic minds, all but 10 held far more pessimistic outlooks than they had only 3 months prior. Of them, 79% expected an economic growth of no more than 1% over the next year, and 38% felt that the economy would most likely continue to shrink. Only 36% of those surveyed believe that all the government’s efforts to turn things around were having any kind of a positive impact, while the vast majority see no fruit from all the government has tried to do to free up the credit situation. All things considered, these 102 professionals do not have high expectations for 2009.
If their predictions prove true, those in the business world do not have a great deal to look forward to, and those hoping to break into the business world have a potentially steep road ahead of them. There is, however, a very stark difference between steep and impossible, and even though the economy, present and future, may not be pretty, there are still ways that franchises can help new business owners make their way even in long-term recession. The following are some of the business opportunities that franchising offers in what some people consider recession-proof industries.
Alliance Cost Containment
Thriving for the very reason that so many businesses are suffering, Alliance Cost Containment franchisees are some of the best in the business at analyzing a client company spending to establish new ways of cutting costs and saving money in tough times. Franchisees work from home and are trained how to address 35 specific areas of business finance that most companies struggle with. There is limited travel involved, and franchisees have consistent access to ongoing training and support from central staff and other franchisees who have a wealth of knowledge to share.
Grease Monkey
A great recession-proof business opportunity is the auto industry. Though manufacturing and sales of cars decrease during economic downturn, people are more likely than ever to seek auto service because they don’t want to buy a new car. A Grease Monkey franchise is the perfect way to capitalize on this trend. The only nationally recognized lube chain that is not owned by an oil company, this franchise gives franchisees a first class business experience with full training, support, and site-selection services without mandating the use of certain products over others. There is quite a bit of potential success and financial freedom to be had for a Grease Monkey franchisee.
Meineke
This is one of the most well known auto franchises around, with a nationally recognized name that has been seen by millions on TV and print advertising. With a more-than-successful 36-year track-record, Meineke has kept itself up-to-date with current industry trends without losing connection with its traditional, service-oriented roots. Join over 900 other franchisees on their road to success with this shockingly successful business franchise.
Precision Tune Auto Care
Franchisees with this business are brought into a family of franchises whose focus is on serving clients in addition to servicing cars. Though each franchise tends to numerous automotive needs, including air conditioning, brakes, fuel injection, air induction, fluid maintenance, and tune-ups, the key to their success in the industry is being able to call their clients by name, because they keep a standing relationship with each one.
Case Handyman and Remodeling
Home service franchises offer another great business opportunity in the midst of recession, because, though many Americans can’t purchase new property, they are still interested in repairing and updating the properties that they have, in case the market turns and they can sell. Case Handyman and Remodeling offers them just such an opportunity, with a home service business model that mixes neighborly treatment with Harvard-level knowledge of the industry. Franchisees are able to start their businesses at whatever size fits them best and are given plenty of room to grow as necessary.
Homeworx
Taking a different approach to the home improvement industry, this business for sale doesn’t directly serve clients who want construction services; instead it aids the other businesses doing the construction and remodeling by providing warranty services on their behalf. This frees the other companies to focus on doing the labor that they’re assigned to. Franchisees don’t necessarily need previous home industry experience, just the willingness to learn from an expert team that does have the experience and can teach them all they need to know.
Return-a-pet
Though it may come as a surprise, the pet industry seems, so far, to be recession-proof. Despite economic decline, people are unwilling to stop spending money on their family pets, and one home based business putting that knowledge to use is Return-a-pet. The system is simple: Return-a-pet has developed a pet registry that people can add their pets to, in case the pet is lost, and receive tags with a custom registration number and a phone number to call if the animal is found. Every home business franchisee pays a one-time licensing fee to become a Return-a-pet distributor and is immediately taught how to market and sell the product.
Though everyone had hopes that this recession would pass quickly, that has not been the case, and according to economic pros, it won’t be the case in the near future, either. Recession, however, is not the same as economic collapse. There are still numerous business opportunities that either survive downturn well or miraculously thrive in it. As you give heavy thought to whether or not this is the time to start up a franchise of your own, keep your eye on these industries and see how they continue to prosper in the midst of this economic crucible.
With Recession Expected To Last Which Franchise Businesses Will Succeed - To learn more about this author, visit Candice Clem's Website.
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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