“After the darkest night there always comes the light. But we must wait for the dawn to see it.”
2020 brought the dark days and darkest nights anyone could think of. As COVID-19 started engulfing countries one by one the whole world came to an abrupt halt. People lost their incomes, friends, and family to this viral spread. But the worse experience for many was when they lost the right to saying last goodbyes to their loved ones. The government officials and common man, the rich and the poor, pandemic spared none.
No one knew what the future had in its satchel for humanity. All the plans and dreams were put on hold. There was only one thought that filled human mind – the thought of survival.
However, with the government’s right efforts and citizens complying with the regulations the scare of coronavirus is now calming down. And now the whole world is experiencing its aftereffects – unemployment being one of the major ones.
While almost all the industries and sectors are affected by the COVID-19, the franchise industry has brought a ray of light for the unemployed.
Emerging Opportunities in Franchise Sector
With the unemployment rate reaching 6.7% at the end of November 2020, pandemic has released a large group of low-cost labours. This has made building strong work-force easier for the franchises. However, the pandemic also freed many high-skilled professionals, who were on the brink of taking a big leap in their career or starting their own businesses. For these high-skilled unemployed professionals, franchise industry offers a golden opportunity of working on their dream of being an entrepreneur.
Buzzing Franchise Sectors in 2021
During lockdown, most automotive shops stayed open as the essential businesses. As people spent months working from home, they were adamant keeping vehicles in shape. Post-lockdown many individuals chose to buy vehicles rather than using public transport. This has increased a demand of strong automotive repair and maintenance to keep the vehicles on road for longer.
With the increasing workload during work-from-home days the food and beverages chains saw a dramatic surge in orders. Responding to the global health alarm of COVID-19 many people started to include healthy food with pizza in their meals. No wonder the fruit and pizza franchises are flourishing side-by-side post-pandemic.
Health has become a paramount factor, all thanks to COVID-19. Once-in-six-months gym-goers have made exercise their regular routine. Health products are high on diet charts. As more Americans are working hard to stay fit, health and fitness businesses are in demand and will remain so for longer.
Coronavirus pandemic pushed another health contributor to forefront - cleaning and hygiene. As frequent cleaning and sanitizing homes, office premises, and public places has become a new normal cleaning and maintenance industry has opened new doors for franchises.
Home improvement businesses have always been in vogue. And now that people are spending more time working from home, there is a high demand in making home spaces comfortable for the new normal of working from home and having the whole family constantly around.
The pandemic triggered a trend of adopting pets in America. As following social distancing was must individuals craved for comfort and companion. Pets have always been good companions, those who had pets before pandemic can vouch. With the rising demand of pet products, this sector shows safer growth in 2021.
Technology has always been an innate part of skilled professionals and tech-enthusiasts. However, the pandemic pushed everyone to become tech-savvy with online tutoring, conference calls, and presentations, and interviews. During the time of social distancing, people depended on smartphones, laptops, and computers to stay connected with their friends and family, which has made technology more essential than ever.
“An investment in knowledge pays best interest.”
These wise words by Benjamin Franklin, one of the Founding Fathers of America, perfectly highlight the importance of education. And the parents in United States could not agree more with more than 6% hike in spending on tutoring. With pandemic forcing schools and colleges to remain shut private tutoring services in USA are in high demand.
Since the lockdown was imposed and social distancing became new normal, from grocery shopping to ordering food and wine, everything became online. How do you think your local grocery store inculcate home delivery services all-of-a-sudden? Through third-party logistics. While e-commerce was the major game-changer before, pandemic has opened new avenues for the franchises in third-party delivery space.
Retail has always been among the top booming franchise sectors and there seems no downfall in the trend. The demand for home products, pet products, grocery, clothing, mobiles, and laptops will never die, and will not the opportunities and revenue in retail sector.
With precautions, patience, and compliance, we are leaving the pandemic behind. With the right efforts, patience, and zeal countries and individuals are rebuilding the future. Shed your fear, doubts, and worries, and grab the right opportunities at the right time. Remember, no one can defeat you until you accept the defeat.
Hence, in this latest edition of The BusinessBerg, ‘The 10 Best Franchises to Open,’ we are showcasing some of the franchises that are dynamically growing their business all the while making a difference in their respective industries. In this edition you will also get to read few articles curated by our in-house editorial team. So, sit back, relax, and read away!
Source: https://thebusinessberg.com/the-10-best-franchises-to-open-2021-january2021/.
