New Frontiers In Franchising
Entrepreneur|October 2015
Starting a concept from square one isn't easy. But being first to market can put you one step closer to becoming the next big thing.
Jason Daley, photographs by Jeffery Salter
New Frontiers In Franchising

With fast-evolving consumer technology and a broadening palate, the franchise world today looks very different from that of a decade ago. Cell-phone repairs. Hawaiian barbecue. Lobster food trucks. They’re all part of the movement toward anything new and everything mobile.

Opening a burger franchise is not easy, but at least there’s a template: Do what the other guys did before you, but do it better and don’t make the same mistakes. Pulling a whole new sector into the franchise industry or creating a concept from scratch? That’s a different challenge altogether.

Marcel Fairbairn knows this well. He recognized the potential of LED lighting more than a decade ago, despite underutilization by consumers and lackluster marketing by retailers.

The problem? People were using LED bulbs like incandescents—a 100-year-old technology—which is a bit like buying a supercomputer and using it only to play Pac-Man. LED bulbs are available in almost infinite combinations of color and warmth. Utilized with the right lighting systems, they’ve led to a new era of in-home lighting design, in which a room can have subtle violet hues, or the light intensity can change throughout the day. But go to a big-box store, and you’ll find LED bulbs almost all within the tiny spectrum of incandescents.

Back in 2005 when Fairbairn, who owned a lighting company, saw the prices of LED technology dropping and the migration of the tech into homes and businesses, he started Wellington, Fla.-based LED Source. Five years later he franchised the concept, bringing high-quality LEDs and professional lighting design to businesses.

It took another five years to build his brand to 15 units. Now, growing pains behind him, Fairbairn anticipates a burst of expansion in the next year, saying the public is finally ready to realize the potential of LEDs.

هذه القصة مأخوذة من طبعة October 2015 من Entrepreneur.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October 2015 من Entrepreneur.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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