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For those in the franchising industry, you are likely always keeping an eye on what trends are emerging that could impact your business. So, what is happening in franchising this year? In this blog, we'll be diving into the top three franchising trends you should stay on alert for throughout the rest of 2022!
Multi-Service Businesses Will Continue to Thrive
One trend that is expected to continue gaining steam in the franchising industry is the rise of multi-service businesses. This type of business model offers a variety of services under one roof, making it a convenient option for busy consumers. At Camp Bow Wow, we're proud to offer a variety of services; from dog boarding and day care to grooming and training, to suit every pet parent's needs.
Workplaces Will Continue to Shift
Another trend that is likely to have a big impact on franchising in 2022 is the continued shift in workplace culture. Franchise owners should continue to ask their team for feedback and employee insight to continuously improve their business culture. The pandemic brought stress and anxiety to many individuals, including employees, which is why it's crucial to create a supportive and welcoming culture for your team.
Franchise Ownership Will Continue to Grow
Finally, another trend we're expecting to see throughout the franchising industry in 2022 is an increase in franchise ownership. More and more people are drawn to the idea of owning a business, and with the rise of multi-service businesses, there's a lot of opportunity for growth in this area. If you're thinking about becoming a franchise owner, now is a great time to explore your options!
Are you looking to be a part of a low-risk, high-growth industry with high rates of repeat customers and a business model that ramps up quickly? If so, we think it’s time you joined the Pack!
To receive your complimentary executive summary and learn more about franchise opportunities, fill out the form below or call us at (870) 600-2713. We’re looking forward to having you join the Camp Bow Wow family.