1. Business services franchises deal in two main areas: help and advice. Business services cover a broad category of franchises that provide small, medium, and large businesses with the help and advice they need to keep their operations running smoothly and successfully.
2. The business services franchise industry may be the most diverse industry since businesses need help and advice in a wide array of areas. Business franchises that focus on service aspects cover areas such as: accounting, business coaching, advertising and marketing support, energy and green services, event management, information technology (IT) support, mailing and shipping, staffing, and printing.
3. Small and medium businesses benefit the most from business services franchises. Since these smaller companies typically have fewer resources, they tend to outsource their needs to business franchises. These franchises help small businesses keep up with the constantly changing business landscape. Small business owners can then focus on what they do best - operating their own business - and leave the rest to business services franchises.
4. The business services franchise industry has been growing steadily in the past decade. The latest report by FRANdata and the International Franchise Association found that there were an estimated 99,296 business services franchise establishments in operation in 2021. That number is only expected to continue growing in the coming years. According to the same report, the estimated output of business services franchises in 2021 was an estimated $95.3 billion.
5. Services franchises are usually very people-oriented, and this holds true for business services franchises as well. Ideal franchise business owners will be comfortable working with others and networking. Background in sales or client relations will be beneficial to owning a business services franchise, but may not necessarily be required.
You can also check out many more exciting opportunities, such as Commercial Cleaning Franchises and Insurance Franchises, here on Franchise Direct.