Why Now is The Time to Buy a Franchise

It’s no secret that 2020 caused millions of people around the world to have job uncertainty.

Whether you were laid off, had serious pay cuts or were anxious about receiving either, it’s time to seriously think about your long-term career plans. In a recent Forbes article, CEO and founder of SMB Franchise Advisors Steve Beagelman shared some reassuring facts about why franchising could be the move you need to make now.

According to Beagelman, the franchise industry is one of the few that hasn’t just survived the pandemic, but thrived. Franchisors worked tirelessly to guide their franchisees and ensure they had the necessary resources to stay afloat. In fact, the franchise industry is expected to surpass its predicted growth for 2020 by 1.5%.

Beagelman told Forbes that now is the time to take your destiny in your own hands by starting to work for yourself. Compared to starting your own business from scratch, franchising offers a business-in-a-box model that gives franchisees the tools they need to succeed.

“The future still holds a number of challenges for business owners across the country, but 2020 proved the durability and resilience of so many industries — home service, health and wellness, education and childcare, and more,” Beagelman told Forbes. “These segments have come out of the gate as pandemic-proof leaders in the industry and continue to be viable, affordable business opportunities.”