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Recession Resistant Franchises
Written by: Doug SchadleArticle Overview: If you want to open your own franchise, you need to choose a franchise that will continue to thrive in a down economy. That is why choosing a recession-resistant business is so important. In this article, I offer my thoughts on types of franchises that will have to continue to thrive because everyone will have to continue to use them no matter what happens in the economy.
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Recession Resistant Franchises
Ok, so you want to start your own franchise. But you think to yourself, "Is it really a good idea to try to open a franchise in this economy? Everything is going downhill. Why would my business be any different?" Well, first you have to make a choice. When deciding what kind of franchise you want to get in to, you have to make the decision that makes the most sense for you. There are hundreds of franchises out there that would answer the question above by saying, "No, your business would not be any different." Those franchise opportunities are ones that you must veer away from right now. The type of franchise you need to open right now if you want to get into franchising is one that is recession resistant.
What do I mean by recession resistant? I mean a business that offers a service that everyone is going to continue using no matter what happens in the economy. Think about some examples of this: haircuts, medical care, nurseries, etc. People will have to continue using these services no matter what. You have to get a haircut or you will lose your job (that's why Great Clips, Supercuts, etc. are so useful). You have to have someone to watch your kids if you want to continue to work (all those franchises will get business because less and less people are staying home). And, you have to have a viable option for medical care in case you get sick.
As CEO of Rhino 7 Franchise Development Company, I have set up hundreds of people with franchises across the country. One of the newest ventures I've come across is called Doctors Express, the nation's first national urgent care franchise. This is one of those opportunities that you know people will still need the service in a down economy. Especially now that companies are cutting costs, many people do not have health insurance and urgent care is their best option at that point. Even if someone has health insurance, do they really want to set up a doctor's appointment for two or three weeks away, or worse, wait in an ER for hours if it is an emergency? That is why people turn to urgent care, because it is a convenient and cost-efficient option for healthcare.
These are all just a few examples. Recession resistant businesses are a solid option right now in this economy and a really good idea. With President Obama's new economic stimulus plan, there will be more money than ever for small businesses. No one wants to start one right now, so when you have an idea for a recession resistant business, you are ahead of the game. People will continue to use your services no matter what, because they don't have a choice and your business will prosper through the economic recession.
Article Tags: appointment, care nurseries, ceo, doctors, down economy, franchise development, franchise opportunities, franchises, great clips, haircut, haircuts, health insurance, insurance, job, medical care, recession, rhino, staying home, urgent care, viable option
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About the Author: Doug Schadle RSS for Doug's articles - Visit Doug's website Doug Schadle is the CEO and founder of Rhino 7 Franchise Development Corporation, the largest and one of the most successful franchise development companies in the U.S. He has developed and grown some of our nation's most successful brands including Great Clips, Senior Helpers and now Doctors Express. Schadle is a pro at recognizing a great idea, developing it into a solid business model and then turning it into a monster franchise. Schadle started with hotels and moved on to develop the wildly successful Great Clips, our nation's largest haircutting chain with some 2700 stores. He's also currently developing Senior Helpers, the fastest growing franchiser of in-home senior care; ranked #7 in Entrepreneur Magazine's Franchise 500 List. Schadle's hottest new brand is Doctors Express, the first ever national urgent care franchise which is totally revolutionizing healthcare in America today. Schadle graduated from Western Carolina University with a Bachelors of Science Degree in Industrial Technology. He says the franchise development business helps him "secure the future for people and gives them the hope they're missing in their lives by owning their own businesses." Click here to visit Doug's website Does a Lack of SelfConfidence Affect a Franchisees Success Be in Business for yourself but not by yourself Recession Resistant Franchises How Franchises can benefit from Social Media Own Your Own Franchise and never get Fired Again |
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