Is Franchising The Future?
Everyone dreams of going into business for themselves and being their own boss. But between startup costs, finding a healthy work/life balance, building a customer base, and getting the supplies you need, running a small business can be challenging. But what if there was a way to enjoy the benefits of small business ownership but with the backing and support of a large company? Franchising offers a wide range of benefits for those looking to become entrepreneurs, which is why so many people are choosing to invest in franchising, which begs the question is franchising the future?
Franchising Has Been Around Longer Than You Think
While we may think franchises are a relatively new concept, they’ve actually existed since the mid-1800s when Isaac Singer established some of the first franchises to help promote the sale of his sewing machine. While other companies like Coca Cola would franchise as well during the 1800s, the franchising boom didn’t happen in the United States until after World War II. Throughout the 1950s and 1960s franchises like McDonald’s and Holiday Inn began to dot the American landscape and become household names. Today there are over 750,000 franchises across the country.
The Future of Franchising
As more and more people invest in franchises what does the future hold for franchising? Projections for this multibillion dollar industry show the number of franchises in the United States growing, continuing a continuous trend over the last eight years. As this trend continues the number of available franchises will increase as independent companies develop franchising options and other companies look to expand onto the global market. With more options available, entrepreneurs will be more likely to be able to find the franchise that fits their interests, market niche, and expertise.
Technology will also play a significant role in the future of franchising as digital and technological trends become more integrated into business models and play a larger role in day to day operations. Better channels of communication, improved customer service, and faster delivery of products are just some of benefits franchises have to gain by taking advantage of the latest technology. These advantages allow for greater opportunities for expansion and growth for franchisees than have been previously available in the past. For franchising the future looks brighter than ever.
Secure a Better Future by Franchising with Pestmaster
If you’re looking to take advantage of the opportunities for growth and success franchising has to offer why not franchise with a nationally recognized leader in the pest control industry? When you franchise with Pestmaster you’ll enjoy low startup costs, discounted materials, reliable income, advice and guidance that comes from nearly 40 years in the industry, as well as the backing of a nationally recognized brand committed to your success. So if you’re looking to start on the path to a better and brighter future contact us today to find out how you can own your own Pestmaster franchise.