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Question

What are some popular franchising industries right now?
Susanne B - Guelph, ON

Answer

There are two factors influencing franchising at the moment. The first is the type of franchise opportunities that fit the current market conditions caused primarily by the recession. Whenever there is a downturn in the economy there are a huge numbers of corporate refugees (people who have been laid off due to downsizing etc.) that are forced to look for business opportunities because jobs are not an option. Corporate refugees tend to prefer home based low investment opportunities. The second factor relates to demographics such as the aging population e.g. home care services and moving companies that specialize in the transition of seniors to new living arrangements.

The answer to this question was provided courtesy of: Norm Friend.
Norm Friend can be reached via email: nfriend@franchise101.net or by visiting his website: www.franchise101.net