“Travel agencies were decimated by COVID-19, which prompted an unprecedented drop in travel bookings and cancellations. In 2020 alone, revenue fell over 45.0% in response to diminished travel...
Informational
5 Disadvantages to Operating a Franchise
Franchising offers a proven business model, brand recognition, training, support, and a structured path to business ownership. For many entrepreneurs, this makes franchising an attractive...
Massage Franchise Opportunities [Trends and Facts]
While the COVID-19 pandemic had a crippling effect on the massage services, the industry experienced a strong recovery and revenue has grown to “an estimated $21.6bn in 2024” (IBISWorld). The...
Becoming a Certified Franchise Executive (CFE) – Is It Worth It?
“Achieving the Certified Franchise Executive (CFE) designation has been such a fulfilling journey…I wish I would have completed the Certified Franchise Executive (CFE) certification years ago. The...
Hair Salon Franchise Opportunities [Trends and Facts]
The hair salon industry is growing as there is an increased emphasis on wellness, self-care, and fast-paced lifestyles. According to Global Market Insights, the “Salon Service Market was valued at...
Joining a Franchisee Association
“By working collectively, franchisees can better represent their interests and address issues with a franchisor using a unified voice. Additionally, members can tap into the wealth of wisdom,...
What Are the Requirements to Becoming a Franchise Owner?
Franchising offers unique benefits compared to starting a business from scratch, and it’s a great option for anyone seeking a path to business ownership. Not only is the franchise system an already...
Do You Need a Degree to Start a Business?
The short answer is no. A four-year degree is not required for starting a business. However, in many cases, a degree is certainly valuable as it provides skills that are foundational to business...
Conversion Franchise Model – Everything You Need to Know
Franchising is an attractive option for aspiring entrepreneurs. Not only is it a path to business ownership, but franchising comes with less risk and more support when compared to starting a...
Advertising and Marketing Franchises [Facts & Trends]
“The US is home to one of the most lucrative advertising industries in the world…the US market leads competitors such as China and Japan by a wide margin.” (Publift) There’s no doubt that the United...