Americans aren’t very confident about the economy right now. A study by the Pew Research Center found that only 28% of Americans would describe the economy as good or excellent. That’s compared to January of 2020 when 57% said it was good or excellent. While the economy is still growing, it’s not growing as fast as it has been. Global financial services firm J.P. Morgan forecasts U.S. economic growth will slow in 2024 due to a number of factors including an inflation rate above the Federal Reserve’s 2% target, and a reduction in consumer spending. In this uncertain economic climate, would-be ..read more

We live in an era where the concept of home has evolved beyond just a place to live to become a sanctuary, an office, and a personal retreat. The desire to enhance living spaces for comfort, functionality, and aesthetics has the improvement industry growing at unprecedented rates. The market value is forecast to exceed $600 billion by 2025—more than double the value reached in 2008. The Home Improvement Research Institute attributes this growth to several trends: Rising home values: As home values increase, homeowners are more likely to invest in improvements and renovations rather than buyi ..read more

Franchising is on an impressive upward trajectory, signaling a golden era for entrepreneurs looking to venture into this dynamic sector. The IFA 2024 Franchising Economic Outlook projects a 4.1% increase in total franchise output, which would grow the industry to $893.9 billion in 2024, an increase of more than $35 billion over 2023. This robust growth underscores the vitality and resilience of the franchising model, making it an attractive avenue for aspiring business owners. Once primarily associated with fast food, franchising today encompasses a multitude of opportunities in industries ra ..read more

The desire to start your own business is often born from the frustrations of working for someone else. As the boss, instead of having to do what you’re told, you tell others what to do. You are in control of your own destiny. But the hard reality of it is, running a business is a lot of work, and starting one from scratch is even more. The path to business ownership must begin with a hard look at your skills and resources. You’ll need a detailed business plan and budget. If you don’t have the capital available to cover the startup costs, you’ll have to find financing. Beyond these initial ste ..read more

Irvine, Calif. (January 16, 2024) — Home Franchise Concepts, a subsidiary of JM Family Enterprises, announced today that seven of its brands are recognized among the top 500 franchises in Entrepreneur’s Franchise 500®, with multiple brands clinching the number one spot in their respective categories while significantly improving their rankings from the previous year…. Read More The post Top Franchises in Entrepreneur Magazine appeared first on Home Franchise Concepts ..read more

Top Work-from-Home Franchises to Consider Dissatisfied with your job? You’re not alone. Gallup’s 2023 State of The Global Workplace report found 60% of employees are quiet quitting, 44% suffer workplace stress, and 51% are watching for or actively seeking a new job. These employees are looking for the improved well-being associated with a good work-life balance. One way to control your job situation is to go into business for yourself. Franchising is a popular path to business ownership, as it offers you the opportunity to be your own boss while minimizing the risks associated with starting a ..read more

Top Home-Based Businesses for Sale to Consider There are approximately 16 million home-based businesses currently operating in the U.S., so it’s not surprising that running a business from home is attractive to many people who are looking to build wealth and have more balance in their lives. There are two ways to do that: start a home-based business from scratch or take a look at home-based businesses for sale, such as franchises. At Home Franchise Concepts, (HFC) we have 10 franchise options, and two are home-based opportunities. Here’s our advice on choosing a home-based business, having wo ..read more

That made me think about the challenges an Emerging Franchisor has with selecting their cornerstone franchisees. Read Article The post Choose Wisely: Some Franchise Candidates Are Great Franchisee #1’s, While Others Need to Be #101 appeared first on Home Franchise Concepts ..read more

Congratulations on reaching the level of your due diligence into franchising, where you can review the most critical document in the process, the Franchise Disclosure Document (FDD). Over my 32-year career in franchising, I’ve often heard this document referred to as “the bucket of cold water” because it’s easy to let the magnitude of all the information in it douse the excitement you may have had about launching your franchise. I want to offer a few suggestions about approaching your review of the FDD and where to focus your time on your initial pass. Before reading the first page, understan ..read more

Many Americans dream of owning their own business; the concept is so deeply ingrained in our nation’s psyche that it has been simply called “The American Dream.” Being your own boss represents freedom, independence, and the opportunity to shape your destiny. Yet, many aspiring entrepreneurs never make this dream a reality. There is no doubt that the stability of a corporate job offers a degree of security – a regular salary, paid vacations, health insurance, and maybe even a pension. However, it often comes at the cost of working for someone else, adhering to their rules, and limiting your ow ..read more