Every entrepreneur is looking for the next big trend, opportunity or money-making venture. It’s crucial to look ahead and try to predict the most successful industries of the future in order to get in on those opportunities now.
If you are a business owner who is interested in opening or operating a franchise, you may be wondering what the biggest trends in franchising will be for 2018. Entrepreneur Magazine has compiled a list of the most promising up-and-coming franchise industries. When choosing a franchise to run, you may want to consider one in these hot up-and-coming markets.
- Asian food
You may not think of Asian food when you think of down-home Georgia cooking, but that could soon change. We live in a global society that is constantly exchanging cultures. One delicious benefit of this is the booming popularity of international cuisine. Asian restaurants in particular are quickly becoming one of the biggest food franchise categories.
Beauty is as beauty does, and the beauty business apparently does very well. The beauty industry has been around for centuries and doesn’t show any sign of slowing down. Beauty franchises run the gamut from makeup to manscaping– so there is something for every potential franchisee.
- Child enrichment
Well-heeled helicopter parents have plenty of disposable income to spend on their children, and the abundance of child-related franchises proves it. There are franchises suited to the needs of every child, from karate to hip-hop dancing to gourmet cooking. If you have children of your own, look no further than their own needs and interests when selecting a franchise to purchase.
- Entertainment and recreation
Fun isn’t just for children, though. Some franchises provide entertainment for the whole family. Recreational activities like painting, dancing and rock-climbing are ever-popular pastimes for adults and kids alike. The right franchise can bring families together and bring cash to your wallet.
Starting a franchise
Now is the time to get involved with these franchises before they take off and become financial powerhouses. If you are interested in operating a franchise, you may wish to contact a business attorney. The right attorney can help you navigate the legal process of purchasing the next big franchise.