If you want to be your own boss, franchising offers something for almost everyone these days.
Aside from providing a great way for people with above-average means to get into business with a proven business model, the sheer number of choices available are mind-boggling.
With this in mind, do you think it’s possible that there’s a franchise business opportunity out there that will allow you to be in business doing something you love? Let’s find out.
1. Do you love the feeling of success?
Specifically, do you like the feeling you get, when after pursuing a potential customer/client for a month or two, you make the sale?
If so, if you love sales, there are hundreds of franchise opportunities you can buy that offer the thrill of victory.
These opportunities are mostly in the “business to business” (B2B) category, and franchisees get to focus on what they love to do; business development. Examples of business services franchises.
2. Do you have a love for children?
If you’re interested in making an impact in the life of a child, you won’t have a problem locating franchises that focus on children.
For example, with more and more schools focusing on science, technology, engineering and mathematics, (STEM) there’s an increased need for tutors. That’s because not all kids excel in those subjects.
If you’d like to help children who are struggling with increasingly complex schoolwork, I encourage you learn more about franchise opportunities in children’s education.
3. Do you care about the environment?
If so, there are several franchise and business opportunities that concentrate their efforts on things like green energy and recycling.
FYI: Watch for more energy-related franchise and business opportunities to enter this space.
4. Do you have a love for food?
Have you always wanted to open a restaurant? If that’s the case, a food franchise may be worth a look.
For example, if you’re a gourmet, there are plenty of upscale opportunities in the franchise space.
Conversely, if you like the idea of serving the masses, a fast food franchise that offers high-quality food along with convenience for today’s busy consumers shouldn’t be difficult to find. Take a look at these fast food franchise opportunities.
5. Do you love cars?
There are numerous automotive franchise opportunities in the automotive space.
You can invest in a franchise that focuses on things like:
- Auto-repair
- Automotive detailing
- Painting and body repair
- Quick oil changes
...And more.
6. Finally, do you love animals?
Your love of animals, specifically pets like dogs and cats, opens the door of opportunity for several franchises in the pet-related sector of franchising. And your timing may be good.
That’s because according to the 2017 Franchise Direct Pet Franchise Industry Report, more Americans own pets than ever before.
Today’s pet-related franchises offer all sorts of services and products for pets and their owners. Like:
- Pet food
- Pet supplies
- Grooming
- Mobile pet services
- Training
...And more.
Doing The Homework
As excited as you are to potentially get into a franchise business that seems to be in perfect alignment with something you love, you still need to do your homework.
For example, it would behoove you to examine the trends taking place in the industry you’re focused on-so you know what’s hot and what’s not.
Secondly, I recommend using some of resources in your area to get a lay of the land. These resources include your local Chamber of Commerce, and if there’s one close to you, a Small Business Development Center (SBDC).
Both of those resources can help you with market data, including demographics, competition, and more.
Finally, contact franchisees from around the country. Ask them questions about their franchise business and their franchisor.
With over 3,000 different franchise opportunities being offered, there may be an opportunity to invest in something you love.
Could this be the right time for you to do it?
The Franchise King®, Joel Libava, is a top franchise expert. He’s written over 2,000 different articles on franchise ownership and personally consults with people who are looking to buy a profitable franchise. Go here to find out how The Franchise King® can help you become your own boss.