What are the New Franchise Opportunities for 2020?
Hindsight is 20/20, not foresight, so predicting the new franchise opportunities for 2020 might be a fool's errand. On the precipice of a new decade, who can know how the franchising landscape will change? Nobody, for certain. Just look back at the past decade and see all the crazy developments that nobody would have predicted in early 2010. But there’s a reason we like to try to make such predictions . . . it’s fun. Also, it might be valuable.
New Franchise Opportunities
What will the hot, new franchise opportunities be in 2020? What new innovative business will disrupt the franchising space? What are the can’t-miss opportunities that people will regret not capitalizing on?
Generally, the franchise opportunities that will be the most rewarding in 2020 and beyond are the same ones as today. The next big franchise opportunities will most likely be variations on a theme. Something that exists now but for which demand is growing, or that can be tweaked slightly to become more popular. Look at the state of franchising now and try to determine which ones have the opportunity to grow.
Children Are The Future
Everybody always says that “children are the future” and, of course, that is, by definition, true. But can it be true of franchising? Of Course! That is why parents are spending more than ever on children’s franchises to get them all the education, care, and experiences they need to prosper.
Computers and electronics have been the future for decades now and they remain the future. The pace of change in the tech industry is staggering and who can predict what will come next? People love their gadgets! Smartphones are the most prominent example of this, however any computer franchise can be a great new franchise opportunity.
More and more of business is moving online. As Americans continue to cut TV cable, advertising to them will have to continue moving online. But many companies are unprepared for the world of digital marketing. Franchises that specialize in teaching or creating digital marketing plans could prove to be profitable. They might just be the hottest new franchise opportunity.
The Future Is Old
The future is not only for the young. As the Baby Boomer generation continues reaching their senior years, the demand for senior care will rise. Senior care franchises already do big business, but this will only increase. They represent great new franchise opportunities because more senior care franchises are opening all over the country.
Be The Boss
To hear about some more of the hot new franchise opportunities for 2020, please contact us.
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