If you are planning a career change, or looking to add a franchise business to your portfolio, you may be searching for the right business to buy. Where can you find a hot concept?  Is that what you should be looking for?

The search is always challenging.  Our suggestion?  First of all, do your homework!  Franchising can be profitable and fun – the adventure of business ownership is a journey not to be missed.   You can be in charge of your own schedule, make more money than you ever could on someone else’s payroll, and as a business owner, you are building something solid for yourself and your family.  If this kind of lifestyle tempts you, consider a franchise, and start strong.

Great, you might think, I’m ready to find a business that I can run.  Perhaps you don’t know where exactly to start.  How, exactly, can you begin to find a solid business concept?

Hot Franchises in 2019

Here is a list of the top franchise categories for 2019, per the latest issue of Entrepreneur Magazine.  Check out what is new and hot!

Asian Food

Beauty/Grooming Services

Childcare

Electronics

Entertainment/Recreation

Fitness

Frozen Desserts

Mexican Food

Pets

Staffing/Recruiting

The Entrepreneur Magazine article talks about the leaders in each category.  As someone who has been involved with 500+ franchises over the past 18 years, I have my favorites.  If you contact MVision Consulting, I or anyone on my team can discuss with you why and the long-term benefits and pitfalls of each business model.

Do These Concepts Have Longevity?

These are currently hot concepts for the reason that many of these models are fresh ideas.  Fresh ideas, however, can get stale, new concepts can be unproven or unprepared to scale too quickly.  Therefore, be sure to check out what models have long term viability.

A conversation with MVision is always free to you and our advice can save you thousands of dollars.  We have insight and business for resale that might be worth exploring.

The Best Way to Predict Failure or Success

Above all – there is one way to predict your percentages of failure or success.  Look at the person in the mirror.  Ultimately, a business succeeds or fails largely due to its owner.  The drive, skills and enthusiasm you bring to the table will be the most important element in your success – as well as your ability to be open to learning new skills.  Are you resilient?  Growth oriented?  If so, let’s talk.

Make 2019 the best year yet!