Franchises That Will Survive a
Recession
Obviously,
we’re in the midst of a recession; that’s been the buzzword for too long now to
ignore it. But the question rising to the surface of people’s minds now is
exactly how long this downward trend is going to last.
A
recent survey of top economists has concluded that, if professional estimates
are right, recession is likely to last through 2009. Of course, no one can
definitively say what the future holds, but of 102 of today’s great economic
minds, all but 10 held far more pessimistic outlooks than they had only 3
months prior. Of them, 79% expected an economic growth of no more than 1% over
the next year, and 38% felt that the economy would most likely continue to
shrink. Only 36% of those surveyed believe that all the government’s efforts to
turn things around were having any kind of a positive impact, while the vast
majority see no fruit from all the government has tried to do to free up the
credit situation. All things considered, these 102 professionals do not have
high expectations for 2009 so now is the time to find the perfect recession proof business.
Meineke
This is one of the most well known car franchises
around, with a nationally recognized name that has been seen by millions on TV
and print advertising. With a more-than-successful 36-year track-record, Meineke
has kept itself up-to-date with current industry trends without losing
connection with its traditional, service-oriented roots. Join over 900 other
franchisees on their road to success with this shockingly successful business
franchise.
Alliance Cost Containment
Thriving for the very reason that so many businesses are suffering, Alliance
Cost Containment financial
franchises are some of the best in the business at analyzing a client
company spending to establish new ways of cutting costs and saving money in
tough times. Franchisees work from home and are trained how to address 35
specific areas of business finance that most companies struggle with. There is
limited travel involved, and franchisees have consistent access to ongoing
training and support from central staff and other franchisees who have a wealth
of knowledge to share.
Return-a-pet
Though it may come as a surprise, the pet industry seems, so far, to be
recession-proof. Despite economic decline, people are unwilling to stop
spending money on their family pets, and one home based business putting that
knowledge to use is Return-a-pet. The system is simple: Return a pet
franchise has developed a pet registry that people can add their pets
to, in case the pet is lost, and receive tags with a custom registration number
and a phone number to call if the animal is found. Every home business
franchisee pays a one-time licensing fee to become a Return-a-pet distributor
and is immediately taught how to market and sell the product.
Homeworx
Taking a different approach to the home
improvement franchise industry, this business for sale
doesn’t directly serve clients who want construction services; instead it aids
the other businesses doing the construction and remodeling by providing
warranty services on their behalf. This frees the other companies to focus on
doing the labor that they’re assigned to. Franchisees don’t necessarily need
previous home industry experience, just the willingness to learn from an expert
team that does have the experience and can teach them all they need to know.
Case Handyman and Remodeling
Home service franchises offer another great business opportunity in the midst
of recession, because, though many Americans can’t purchase new property, they
are still interested in repairing and updating the properties that they have,
in case the market turns and they can sell. Case Handyman and Remodeling offers
them just such an opportunity, with a home service business model that mixes
neighborly treatment with Harvard-level knowledge of the industry. Franchisees
are able to start their businesses at whatever size fits them best and are
given plenty of room to grow as necessary.
Though
everyone had hopes that this recession would pass quickly, that has not been
the case, and according to economic pros, it won’t be the case in the near
future, either. Recession, however, is not the same as economic collapse. There
are still numerous business opportunities that either survive downturn well or
miraculously thrive in it. As you give heavy thought to whether or not this is
the time to start up a franchise of your own, keep your eye on these industries
and see how they continue to prosper in the midst of this economic crucible.