One question I get almost every day – “what’s hot in franchising.” Whether people are interested in starting their own business by purchasing a franchise or not, they are always curious about the latest trends.

In 2005 there were over 500 companies that filed documents with the FTC in order to begin offering franchises for sale. In 2006, that number is likely to be very similar. What’s the latest in what’s hot? In terms of lasting trends that have taken hold over the most recent 5 years, there are several types of franchise opportunities that have become very popular. Rather than speaking of specific franchise opportunities, I prefer to think of them as business types. Based on recent history, these franchise types are very hot and here to stay:

Home-based franchises: You can put this franchise type as one that is hot and getting hotter all the time for lots of reasons. The first is the lower start-up costs associated with a home-based business. For many entrepreneurs, the home-based business is the perfect fit for their personality profile and investment capabilities. Among some of the more popular home-based franchise opportunities are business coaching, personal services, home improvement, among many others. It’s important to note that many home-based franchise opportunities have as much upside earning potential as those with a fixed office or retail location.

Franchises targeted to women: It’s no longer a secret that more and more women are becoming entrepreneurs. Many of them look to franchising as a great way to open a turn-key business. There has been a tremendous growth in businesses that offer franchise opportunities geared to the interests of women entrepreneurs. These interests include interior design, fitness and window fashions .

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Buy a Franchise or Business Opportunity
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This entry was posted on Monday, April 9th, 2007 at 10:30 am and is filed under Work at Home, Home Based Business, Franchise Business Opportunities. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.