Which Franchise Markets Are The Best?

The most profitable markets or industries in franchising are the ones least affected by the lousy economy that has marked the past few years. No matter how bad the economy, what are consumers still spending money on? One area of the economy that is somewhat recession proof is child care and related areas. People will always continue to spend money on their kids. This money is usually spent in 2 ways, education and entertainment.

Business Opportunities 

In terms of industries, you want to steer toward those that deliver products or services that are considered necessary rather than optional. As times remain tough, many people avoid optional spending to preserve their resources and maintain more financial “safety.”

Services that are usually considered necessities include things like haircuts, senior adult care, child care, child education, child entertainment, and plumbing & restoration services. Choosing a child related service is among the most rewarding. You can actually make a big difference in children’s lives, and make a good living too!

Mission Statement

Products that usually remain in strong demand include fast food and pet products. People will always continue to eat fast food. People will always take care of their pets as well.

If you are ready to embrace franchising, be sure to pick an industry that makes sense in our economy. Pick an industry that is recession proof, where people continue to spend, even though the economy is sour. The child related services industry is keen to continue to grow forever. Besides this industry being good for your wallet, the services you provide to children will warm your heart.

Why High Touch High Tech

To learn more about science franchising opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

 

6 Facts on Starting a Franchise Business

Thousands of people are getting involved with franchises. If you’re thinking about becoming one of the many franchise owners, there are 6 facts to know before you jump in:

1. Franchising opportunities are everywhere

When most people think franchising, they think fast food, but virtually every industry has begun offering franchise opportunities. Whether your passion is accounting, retail, or communications, there is a franchise opportunity out there that will interest you.

2. Franchises require an investment on your part

Starting up a franchise is often cheaper than starting up a business on your own. However, there are still start-up costs that you will be responsible for.

However, by starting a franchise, you will get to take advantage of bulk rates on things like your IT equipment, public relations services, and marketing materials. Because they are so big, franchisors tend to get discounts that “normal” companies could never get on their own.

United States Franchise Investment

International Franchise Investment

3. Franchising means you don’t have to start from scratch

When you open up a franchise, you get to use a product, a brand name, and a business model that has already been successful. Start-up companies work for years to get that kind of recognition. But by franchising, you get a good reputation right off the bat.

Franchise Marketing Strategy

4. Franchisors are highly regulated

There are national regulation measures in place to make sure that franchisors are acting properly. Those rules can actually make it easier for you to start a franchise, instead of your own private company.

5. Franchises can be operated from anywhere

Because there are so many different opportunities out there, you can find a franchise that fits your lifestyle. If you don’t want to work in a traditional office, there are plenty of franchises that allow you the freedom to work at home or in a mobile environment.

Franchise Locations

6. Franchising means having access to constant support

When you’re just starting out, your franchisor will provide you with training and support, so that you can get up to speed quickly. They may even put you in touch with other franchisees so that you can swap ideas. And, a good franchisor will also provide you with ongoing training, so that you can keep current on all of the latest trends and developments.

Franchisee Training 

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

Franchising and Entrepreneurial Veterans

According to the International Franchise Association’s 2012 Veterans in Franchising Study, the industry has given more than 64,000 vets, military spouses and wounded warriors job opportunities in the past year. Also 4,314 new veteran franchise owners entered the industry since 2011, and were 30% more likely to have hired a veteran than a non-veteran owned franchise.

Just like in their service, veterans are looking out for one another once they arrive home. These veterans may vary by rank, military branch, and background, but they all share the same entrepreneurial drive to provide a good life for their families, create jobs, and to treat customers with respect and integrity

Why are veterans successful in franchising?
• Veterans come back with strong leadership skills and a thorough understanding of teams. Military experience includes leading people, improving processes, and accomplishing the mission. Just like in the military, in franchising, the mission is accomplished by the team.

• Franchises run on systems. Implementing systems and following procedures with precision, emphasized in military training, leads to success in franchising.

• Franchises provide training. Veterans are trained and taught very specific skills to be used to carry out very specific tasks. Franchises have comprehensive training and support built into their opportunities. This means a veteran can enter into a completely new field, follow the franchisor’s proven business model, and receive the training, guidance, and support a new business owner needs to succeed.

• Franchises offer support. In franchising, veterans are business “for” themselves, but not “by” themselves.

General Franchisee Demographics
• Business Tenure – The majority (52%) of franchisees surveyed have owned their business more than five years. 25% have been in business over ten years. 20% have owned their business less than two years.

• Units of Operation – 75% of franchisees surveyed indicated that they were single-unit operators.

• Geographic Distribution – Of franchisees surveyed, 17% were from the Northeast, 26% from the Midwest, 35% from the South, and 22% from the western US.

• Market Size – Of franchisees surveyed, 40% were based in small markets (under 100K population), 24% were in medium-size markets (100K – 250K population), 14% were from large markets (250K – 500K population), and 22% from major metro areas (500K+ population).

• Gender – Of franchisees surveyed, 72% are male and 28% are female.

• Age – The majority of franchisees surveyed (61%) are between the ages of 45 – 64 years old. Median age is approximately 50 years old.

• Ethnicity – Of franchisees surveyed, 77% indicated that they are Caucasian, 11% Asian, 4% Hispanic, 2% African American, and 7% Other.

• Education – 60% of franchisees surveyed indicated that they held a bachelor’s degree or advanced degree.

Satisfaction among veteran franchise owners is higher across the board as compared to industry benchmarks. Veteran franchise business owners have a higher rate of satisfaction regarding franchisor performance than the average franchise business owner, especially in the following categories:
Marketing & Promotional Programs (12% higher)
• Effective Use of Technology (11% higher)
• System-wide Communications (9% higher)
• Training and Support (8% higher)

Overall, veteran franchise business owners express higher levels of enjoyment in franchising than their non-veteran peers. Four out of five veterans…
• Enjoy operating their franchise business (83%)
• Enjoy being part of their franchise organization (81%)
• Would recommend their franchise to others (79%)

High Touch High Tech proudly supports those who have served in the United States Armed Forces. In honor of these service men and women, we offer a franchise fee discount of 15% for all veterans.

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.

 

A Fork in the Road

 Changing careers is inherently risky, and the transition from a stable position to an entrepreneurial venture is especially hazardous. For those determined to ditch the 9 to 5 and start a business in a field they’re passionate about, there are ways to make the move more of a calculated risk than a blind leap. It is really important to find a business opportunity that gives you joy and one that you are passionate about. Many people at this stage take a look at franchise opportunities. Check out the mission statements of those franchise opportunities you think you might be interested in.

High Touch High Tech – Science Made Fun Mission Statement

“All of us have the psychological attitudes and behaviors and capacity to set goals and attain them,” says Stephen Goldbart, clinical psychologist and co-author of Affluence Intelligence: Earn More, Worry Less, and Live a Happy and Balanced Life. However, he says, most people “don’t have a really good method to implement their plan.” A franchise is the perfect opportunity for people who may not have a firm plan. A franchise provides a road map to success. It allows you to be in business for yourself, but not by yourself. The franchisor should provide you with a game plan. The plan will include a business plan and marketing plan. These easy to follow steps will turn even the most scattered people into an organized, focused entrepreneur.

High Touch High Tech – Science Made Fun Marketing Plan

Pattie Rydlun, a Boston-based career-transition expert, stresses crunching the numbers before embarking on your new path. “Passion doesn’t make money,” she says. “[You need to determine] if it is something you can monetize.” In other words, ask yourself if this idea can make money? Ask yourself if you have the qualifications to make this idea come to fruition?

High Touch High Tech – Science Made Fun Franchise Qualifications

Once you have a goal in mind, research the market and potential competition and, most importantly, conduct a thorough break-even analysis. “The break-even analysis, if it’s done right, will be very clear about when you can expect to make a profit,” Rydlun says. “I would make that my determining factor [for when to leave my current job] and certainly not give any notice until I can see the realization of that break-even analysis.”
A solid business plan, vetted by at least two people with industry experience, is key. It should be “one that anyone can understand and that looks at the opportunities and the risks,” Goldbart says. He adds that another important step is an honest appraisal of your skills, determining “what are your strengths, what are your vulnerabilities and how [you can] leverage your strengths and either delegate your vulnerabilities or find ways to increase those areas so you will be stronger in them.”

A knowledge of the industry you are passionate about, and a clear pathway to achieve these goals by the franchisor is very important.

High Touch High Tech – Science Made Fun Business Opportunities & Demand 


 

To learn more about franchise opportunities with High Touch High Tech, visit us online at ScienceMadeFunFranchise.net.

High Touch High Tech is the leader in innovative hands-on science and nature experiences for children, serving over 4 million children annually with 27 franchise locations across the United States, Canada, Turkey, Singapore and South Korea.