A kind of doom and gloom not seen since the dark days that followed the post-Lehman Brothers crisis in 2008 has settled over the global economy in recent weeks. News of the collapse in franchisor confidence only confirmed this trend. But throughout every financial crisis in the last 30 years, franchises have inspired the resurgence of the general economy, and already there are signs that the future of franchising is bright.
The latest issue of Entrepreneur magazine has a pretty fascinating article on 98 brand new franchise concepts. All of these businesses have been franchised since 2009. Part of the excellence of this story is the opportunity to read about innovative new franchise concepts like Cool De Sac, the progressive food franchise with tuna tartare, churrasco and goat cheese salad on their menu and activity stations and computers for kids, not to mention "doggie day trips, gift-card trading and earth-friendly moving" franchises.
But the truly brilliant aspect of this article is simply realizing that so many exciting franchise concepts have been launched during a period of economic negativity. Probably a decade from now, we'll be looking at many of these franchises and likening them to McDonald's and Burger King. There are bone fide blue chip franchises in this list. You can read about new franchises like Gift Card Monkey and SuiteSweat, but you can also sit back and marvel at some of the new franchises that will be making headlines when the economy picks up again.