As we usher in a new year, the franchise industry continues to stay strong, showcasing resilience in the face of changing consumer behaviour, economic flux, and new technology.
This franchising trends package delves into some trends for the new year, unveiling the categories, technological integrations, and evolving consumer behaviours that will shape the franchising and business landscape in the upcoming months. Featuring an overall economic outlook, and then diving into more specific areas like changing consumer spending habits and spending across different demographics in the QSR category, we consider some of the most recent data from RBC, Moneris, and Environics.
According to our franchising consultants from FranNet, even though the economy is slow, now is the perfect time to start a franchise and get established before the economy swings up again. Get their expert predictions on the franchising trends and categories that are set to grow this year and beyond. Plus, see how you compare to prospective franchisees and how franchise systems are using new tech to boost their operations and service.
As the industry embraces change and innovation, it offers a promising roadmap for franchisees and franchisors alike. The essence of franchising—its foundation on mutual support and a proven business model—remains a beacon for aspiring entrepreneurs. 2024 is shaping up to be a great year, and franchising continues to be a vibrant sector full of exciting opportunities. So, if you’re interested in becoming a franchise owner this year, this package is a must-read to inform the next steps on your franchise journey.
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