Top Trends in Franchising for 2011
Jolly Backer, CEO of Fresh Healthy Vending “weighs in” on new franchise trends that he foresees for this year and beyond.
“As part of our research prior to the launch of Fresh Healthy Vending in 2010 we did substantial research into the trends most likely to impact the franchise industry in the years ahead and the following is a ‘snapshot’ of what we found” notes Backer. Key franchising trends that we indentified fell into several categories but we see these three particular ones enjoying 7-10 years of robust growth before we start seeing any market saturation.
Innovative healthy food offerings
“Green” products and services
Health and wellness businesses
Hottest Franchise Businesses of 2010
There is no stopping the franchise industry from booming these days and telling the business world their time has finally come. In recent years, franchising has been hugely responsible in bringing 18 million jobs and is expected to add more by 2010 with a staggering 36,000 opportunities, according to the Franchise Business Economic Outlook.
Unlike before where franchising seems to be limited to people who have strong entrepreneurial background, the industry has now began opening its doors to more individuals of different interests through their simplified franchise models. In fact, even retirees are now encouraged to get involved in operating a franchise business to maintain their income stream. Additionally, the industry has greatly evolved with several newer healthy franchise concepts to cater the changing needs of people and keep up with the current trends in the economy.
Moms and Dads Favor Thin Kids over Obese Children
How true is it that kids who are in great shape are likely to receive favorable treatment from their parents than those who are overweight? While it is already painful for any person to be bullied for their weight, it is certainly more emotionally draining when parents are the ones showing obvious disregard to their children who are bulky.
Researchers from the University of North Texas in Denton found parents are less willing to help their overweight children buy a car. Adriel Boals and Amanda Kraha, who authored the research published in the journal Obesity, surveyed 379 college students aged 17 to 26 years old of whom 30 percent were male. They found that the students who bought their own cars had a higher average body mass index than those who received assistance from their parents.
Transparency is the Key When Buying a Franchise
What else should a business expert do more for his clients or business partners if not to provide business satisfaction? Yes, anyone who’s into business should be made aware of the importance of meeting the satisfaction level for both business partners. Take for instance the franchising industry.
Franchising is similar to distribution business whereby the franchisee was given the opportunity to market the product or services. The franchisor is similar to the employer. He’s the one who owns the business, trademarks and the products. And as an owner, the franchisor is expected to provide the following to the franchisee: training, support and financial opportunities. Once the franchisor provided all of these, the franchisee will definitely stay for their business.
Hello Fresh Vending Goodbye Junk Foods
- How wonderful can it get to see more and more individuals munching on carrot sticks and dip, chicken sandwiches, turkey wraps, cold fruit juices and bottled water, green salads with chicken chunks, and other healthy snacks as opposed to coca-cola sodas, Lays, or Kit-Kats?
The concept of healthy vending machines is truly changing as the nation heightens its call for a healthier lifestyle. In fact, this campaign has also reached other countries like Canada, whose obesity rate has also tripled in recent years, which is why, the trend for fresh vending is soaring high to help reduce obesity rate among children and adults alike.
Top Franchise Trends of the Year
Franchising is a serious business. One does not take the risk of spending money to get a franchise without hoping to recoup the expenses, or at the very least, one does not attempt to engage in franchising without proper knowledge of how to run the franchised business. While passion is an important element to succeed in the industry, it takes a good training that’s highly focused in the ins and outs of franchising to ensure complete success.
From the result of DC Strategy Research ‘Prospective Franchisee Surveys’ over the past two years, some important trends were highlighted in the franchising world, one of which shows that the group that experienced the biggest growth are those coming from a corporate background, whereas those with moderate business have chosen to tighten their belt to keep up with the recent economic slowdown. Laid off husbands and wives have also become big candidates for franchising and are by the fastest growing segment of franchise purchasers. Franchise areas that are seeing the fastest growth involve fitness franchises and other offerings related to healthy eating especially in the fast food natural and organic segments.
Business Opportunities That are Making a Positive Impact on Kids
To keep our children healthy, we must as well keep them active. And by that we mean introducing them to sports at an early age, not only to make them appreciate various sporting activities and develop their social skills, but more so to develop their overall personality. While parents are more at peace keeping their children in the confines of their home, there are just some areas in a child’s personality that are best developed when s/he’s actively engaged in sports.
This is what Sporty Beans, sports based programme provider from Pune for preschool and primary school kids, had in its agenda when it opened its business franchise model at the FRO Indore show. Currently, the company runs 1 center which has achieved an enrollment of 80 students and is expecting to hit 150 by the end of the year. A second center is now in the process of taking admission and readying its facility in welcoming incoming students eager to participate in Sporty Beans’ program that includes the 8-ball based sports namely Soccer, Golf, Basketball, Baseball, Tennis, Cricket, Hockey and Volleyball.
Best International Franchise Consumer Trends of 2010
The 18th Philippine International Franchise conference and Expo (PIFCE) dubbed “Getting Ready for the World,” was held recently to talk about the consumer trends for this year. There were seminars, guest speakers, and lots of activities for entrepreneurs, a perfect opportunity for those who are contemplating on putting up franchise business.
The biggest franchise show was organized by the Philippine Franchise Association (PFA) and supported by the World Franchise Council and the Asia Pacific Franchise Confederation. It was participated by big names in the business like PLDT, MAX, Goldilocks, SEAOIL, IBM, BDO and many more. The two-day convention aims to present the emerging consumer trend bringing it on the next level and be at par with global franchising field. It is the convergence of best business minds from both local and international sharing expertise with the franchising sector of the Philippines.
Fresh Healthy Vending Seeks Out Franchises
Fresh Healthy Vending Seeks Out Franchises