Franchise Predictions for 2020

<p>Everyone wants to know what is going to be hot in 2020 in franchising. Every candidate wants to choose the hottest franchise—but it's not always about the name.</p> <p>Nat and Pete tackle several ideas about what will be big in the coming year from franchises.</p> <p><br /> They start by discussing <a href= "https://info.hireyourself.com/blog/facility-vs.-service-based-which-franchise-model-is-better-for-you" target="_blank" rel="noopener">service versus facility concepts</a>. They have seen a shift towards service franchises. They generally have a built-in need and lower initial investment requirements.</p> <p><br /> Trends are important and there are <a href= "https://info.hireyourself.com/blog/what-you-need-to-know-about-franchising-in-2020?hs_preview=ORocgrVz-23432880511" target="_blank" rel="noopener">several hot trends</a>. They talk about experiential workouts, medispa, axe throwing, men's haircuts, and ghost kitchens.</p> <p><br /> Many candidates are asking about recession-resistant franchises and the guys lend some advice, including the fact that most people spend more money on feeling good when they have less money and franchises that have built-in needs for a consumer.</p> <p><br /> Multi-unit ownership is on the rise, with more than half of all franchise units being owned by <a href= "https://info.hireyourself.com/blog/start-small-go-big-4-franchise-models-for-financial-freedom" target="_blank" rel="noopener">multi-unit operators</a>. This has implications for franchising and leads to a discussion on how multi-unit ownership can replace a corporate income.</p> <p><br /> Amazon is seeping into all businesses and making sure the franchise a candidate chooses has resistance is a concern. Nat and Pete give some guidance on the type of franchises that have the best shot of keeping Amazon at bay.</p> <p><br /> The episode concludes with a discussion on the semi-absentee model of franchise ownership and whether or not it can be considered a "side gig" and the explosion of franchise concepts and their suc