Ordering eggs, working on your biceps, visiting theme parks, and finding a new job. What do these areas of life have in common?
Here's the answer: They're all features of thriving franchise categories, and they're growing for the same reason. Business is excellent in the breakfast, fitness, recreation, and staffing/recruiting businesses.
Each provides a form of stability for consumers and franchisees alike!-during turbulent and unpredictable times.
Consider this: When someone grabs coffee on the way to work, improves their physical condition, plays with their kids, and seeks better employment, they are in the process of creating a happier, healthier overall existence.
But this isn't just anecdotal. Entrepreneur knows these categories are thriving and has the data to prove it. Every December, we publish a list of 10 areas in franchising where, based on an analysis of industry trends and year-over-year growth, we expect to see continued success in the year ahead. This time, breakfast, fitness, recreation, and staffing/recruiting were among those we identified, as they appeared to be thriving in spite of-or, in some cases, because of-challenging economic conditions.
So where do the greatest opportunities lie, and what exactly is driving each of these four categories to grow? We investigated what's happening, and the answers are on the following pages.
Why BREAKFAST Is Such a Hot Category
Joe Thornton, president of Scooter's Coffee, admits that sometimes, you're just in the right place at the right time.
"There's probably not many businesses that can say they're recession-proof or pandemic-proof, but we've certainly showed signs of being both those things," he says.
Bu hikaye Entrepreneur US dergisinin Startups - Spring 2023 sayısından alınmıştır.
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Bu hikaye Entrepreneur US dergisinin Startups - Spring 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The $20 Bill That Became Priceless
As I built my snack-food brand, Sun & Swell Foods, I kept hearing the same advice: Hustle for your customers. Never turn down business. Obsessively focus on ROI. So that's what I did-and although my company grew, it wasn't profitable. This began affecting me emotionally. I love my brand and care deeply about its success. Its challenges started to feel like my own.
THE BEST MARKETING DOLLARS I'VE EVER SPENT
Great marketing doesn't require huge budgets. We asked franchisees and franchisors to share their best marketing ROI-and their stories (on the following pages) will inspire you.
READ THIS BEFORE MEETING A FRANCHISOR
Thinking about buying a franchise? You should meet the franchisor-and you should know exactly how to approach that meeting-to ensure you're making the right decision.
THE BOLDEST NEW IDEAS IN FRANCHISING
These eight innovative businesses are now franchising-and maybe in a few years, they'll be climbing the Franchise 500 list too.
5 BRANDS GROWING IN LEAPS AND BOUNDS
Want to know how to rocket up in the Franchise 500 rankings? These brands all jumped over 150 spots since last year-and they're sharing the strategies behind their growth.
FRANCHISE 500 TOP 10
Meet the Leaders of the Franchise 500
TAX STRATEGIES TO MAKE A DIFFERENCE IN 2025
Your taxes won't go up this year. But you can still find new ways to decrease your burden.
HOW TO CLOSE THE SALE (EVEN WHEN THEY SAY NO)
I'm the world's leading door-to-door sales expert. I've heard “no” endlessly. Here's how I close sales anyway-and how you can too.
'The Sword We Refuse to Die On'
Some people tell Chip and Joanna Gaines to play it safe, and to keep doing what made them famous in the first place. But they're ready to take more risks-because that's the entrepreneurial way.
Are You Feeling the Squeeze?
Many companies are struggling with rising costs and tighter margins. We asked six business leaders to share their solutions.