Pet Store Franchises

Top 6 Trends of Franchising in 2016

Trends affecting Pet franchise Opportunity

Pet franchise opportunity in the U.S. market is immense. The industry was the only industry to prosper during the 2008 recession, but franchising as a whole is accounting for majority of the nation’s economy.

The franchising sector is crucial to the American economy.

The high volume and ubiquitous presence makes innovation and new trends appear regularly. For example, it was thought that food franchising would cap at speeds it was possible to serve consumers. The food truck trend has pushed speeds even further.

It is important for investors and entrepreneurs to maintain a knowledge of trends to stay competitive and have an edge in the sector. This article outlines trends affecting any pet franchise opportunity, and the franchising sector globally.

Technological Convergence and Development

New technology is great. Cutting edge software makes it easier for everyone in the business world. Technological additions like cloud computing and SaaS (software as a service) make it possible for more collaborative efforts, eases systematization, and increases productivity.   

Cloud computing is when companies focus software to be installed via the web, not company computers. This is one of the most significant tech pushes in franchising. The software is hosted by a singled secured environment, and is accessible from a myriad of devices a company might need.

Even small franchises are finding a need to develop more sophisticated systems. Investors in a pet franchise opportunity are finding that franchisors that provide advanced POS systems and terminal software that makes back office operations a breeze.

This is cornerstone for Splash and Dash Groomerie & Boutique. Software updates are constantly updated and training is always provided.

Increasing Minorities and Women in Franchising

In 2016, the glass ceiling has finally been shattered. Women and minorities who were turned down, or overlooked within corporate America, are finding a haven in franchising. Individuals with less capital and business experience are finding the means to professionally grow and own their own business through a pet franchise opportunity.

Good franchises provide support for those fed up with the barriers of the traditional work space. Splash and Dash Groomerie & Boutique has forged the path for individuals under this circumstance.

Rohit Aurora–CEO of Biz2Credit–offers this insight, “Minorities are going to become the majority in the next five to 10 years in terms of small businesses. They will keep contributing in starting, buying and growing businesses.”

This boosts the economy and will open more business opportunities for the future.

Internationalization of Franchises

Oversea markets have a high demand for American services and products. Many franchise experts agree that this trend is not subsiding. Countries abroad are willing to pay for Western investments, trademarks, and the packaged enterprise knowledge.

Over 400 franchises are currently operating internationally, including Splash and Dash Groomerie & Boutique, according to International Franchise Association. Internationalization is not limited to food franchises and has extended well into pet franchise opportunity.

The reason for this is because of the Franchise Trade Commission. This was a program under the U.S. commercial service that facilitates business deals for American companies abroad.

Globalization creates an open door to expand business into the international arena. This is key for business growth when U.S. territories become over saturated.

Crowdfunding Tailors into Franchising

Another trend deriving from the 2008 recession is crowdfunding. Crowdfunding was severed during the recession when traditional equity lines as a source of capital for franchisees became outdated. Today establishing capital or finding seed money can come from crowdfunding.

Crowdfunding is when start-up venturists, prospect franchisees, or inventors raise a fixed amount of money as loan, investment, or gift. This system expands the class of individual likely to invest in a small business.

A pet franchise opportunity found great success with this model in 2015.  A startup called TurboPUP gained recognition and capital by appearing on ABC’s Shark Tank.

As any franchise should, Splash and Dash Groomerie & Boutique stays updated on innovations such as crowdfunding and premiumization within franchise markets.

Multi Unit Franchise Ownership

In the past, franchisors wanted franchisees to focus on solely their brand. This has changed. Today, franchisors are more interested in multi unit owners who may even own franchises outside of their industry. The aim is for franchisors to partner with investors who are already an experienced operator.

Owning multi units allows expedite growth as pet franchise opportunity.

The Franchise Business Review stated that the median annual pre-tax income for multi unit shop owners was $88,000 with 29% earning more than 150K, and 16% earning over 250K.

11% of owners of single unit franchises earn more than 150K with 4% earning more than $250K.

A franchisor should encourage eager investors through the process of owning multi units, but also help to protect franchisees from overwhelming themselves.  

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8 Things to Look For in a Career

Job Searching

The nature of the today’s American economy is more dynamic. Technological convergence and a flattening world leads the path for various career openings. The options are wide. Software innovations give way to job openings that veer from vocational and focus on individual drive. Millennials aren’t staying in the same careers. Franchising is stronger than ever. Outside of the pet franchise, out-sourcing competition is always present.

Whether you’re a neophyte in the job market, or just someone looking for a new adventure. This article outlines 8 essential things you will want in  a career.

Impact on the Industry

Does the company progress humanity in small or large ways? Do they have a unique business model? What puts this company ahead of the competition?

Today’s companies aren’t just recycling the same formulas to provide a service or product. Business is modernizing. The pet franchise is becoming more premium focused. Companies progressively use future tech.

When searching, find a company that fully embraces innovation. The company should influence and better industry standards. IT updates should be made frequently, and open-source software use should be encouraged. Services should be superior and should be done with intrinsic goodness. Many companies encourage suggestions for terminal software like the pet franchise.

Be wary of sales positions that use a large army of salesmen. Companies like this tend to adopt “quantity or quality” tactics and employment.

Be Around People You Want to Work With

What is the company culture like? Is it rigid and competitive? Or, is it incentivizing and exciting?

Many companies want prospect employees to take personality tests. This part of the application process and is becoming standard. They are trying to stop human resource disputes before they happen. Depending upon the industry of the company, this weeds out different type of people. Look for a company that is building a diverse team with varying perspectives.

Problems at the workplace are a reason many entrepreneurs are turning toward franchising. Franchising allows you to be your own boss. You can choose who you employee, consult with, and your colleagues. A franchise owner is like the president, and the presidential cabinet are their employees.

The people around you should motivate, challenge, and respect you.

Company Puts Staff First

Happy employees lead to increased productivity and retention. This inadvertently leads to more earning potential. A good website to get a gauge for this is glassdoor.com. The website does an overview of companies based on salaries, benefits, and interviews. Employees write reviews that expose companies with high turnover rates (bad sign). Bad management, pyramid schemes, and slow professional growth are all topics for reviews written.

Companies that use cut-throat functioning aren’t nearly the best ways to motivate employees. The trick is to find a company where you have agency. Franchising freelancing and getting involved in a start-up, are good places to start.

Start-ups can be exciting, but statically risky. If you interview with a start-up be prepared to work hard without any initial strong revenue. But every once in a while, start-ups strike gold. Freelancing is another good consideration. The variety of unique skillets in graphic design, writing, and marketing are opportune routes. When submitting proposals be suspicious of dubious clients. Clients paying by the letter or web sites offering too good to be true contracts are clearly a scam.

Franchising is great because it allows you to design your benefits. It takes aspects of both start-ups and freelancing. Although the franchise is secure, the shop is new, and yours. You also can apply your skills in areas of the freelance industry, or delegate to others.

 

Excitement and Passion

Are you excited to go to work everyday? Does your job stimulate and challenge you intellectually?

Don’t work at a deli if you’re vegan.

Companies and bosses should encourage you to drive your own ideas and projects. Companies that embrace the value in their employees like Google and Edward Jones . You want a company that actively is interested in your well-being.

Research a company’s motto and core values. If they do not align with your own, try and work for a different company. Company culture is important. If a company CEO’s have a different interpretation of goals, than your own, this is a red flag. Most companies with questionable values do not last long. Ethically minded companies appeal to consumers and employees.

Within the franchising realm values are transparent. The fun thing about franchises, is that you have the ability to pick where your energy and intelligence will be poured into. If you spend more than five days at the gym outside of work, why not just buy a gym franchise? If you play with your dog everyday, and spend more time bathing them than you do watching T.V., consider the pet franchise?

Well-being is combination total of income, stability, health benefits, and safety. Everything is a risk and they’re good to take. Just make sure you’re passionate about it.

Will You Grow Professionally?

When a company hires an employee it costs them a significant amount of money. Thriving companies should view this not as a cost adding to overhead but an investment in the company. They should want to cultivate employees and strengthen them professionally.

As the dynamic unfolds in the economy, companies are cutting costs left and right. They are prohibiting growth, staggering promotions, and curbing creative thought. Eventually this becomes a hindrance. Companies should have horizontal promoting. Vertical mobility should not be the only thing rewarded.

The most ideal company to find is one that adopts laissez-faire. Companies like this are slow to hire. They find the minds they like and devote themselves to making excellent employees.

An option for those not in favor of cubicles is available. When structured 9 to 5 is not ideal. Franchising is an adventure worth researching. The pet franchise was the only industry not affected by the 2008 recession and recent numbers look good.

Uplifting Environment

Not every corporate job can look like the inside of Google headquarters. But the place you work at should hold some kind of ambience. Companies now offer free fruit, coffee, and canned drinks to help increase healthy productivity.

You can’t always work for a place that has the ability to offer incentives like this. But it is definitely a pro when job searching.

Start-ups usually offer daily lunch meals to keep employees happy (also for tax purposes). If you are working freelance you can pick and choose between coffee shops, internet cafes, and the comfort of your own home. You might also consider setting up an LLC for yourself. This can be tedious, but sometimes worth it.

Franchising is also a field in which you can control your own environment. Pick a franchise that has appealing and exciting color palettes. McDonald’s may be a secure choice in franchising, but keep in mind you will have to look at red and orange walls. Color schemes are designed to keep customers moving. Franchises in the pet franchise are known to have inviting ambience that soothes customers. Also nice, is that any artwork added to wall space is under your complete control.

Keep Options Open

Millennials receive a lot of criticism for “job hopping.” The fact is in today, no matter your professional circumstances there many options open. Companies work hard to stay relevant, competitive, and profitable.  Start-ups are exciting. Franchising gives you a world of opportunity to control the aspects you look for in a company. They provide the income, stability, health benefits, and safety we all look for in a career path.

Keep your resume updated, and your mind open.