The COVID-19 pandemic has led to widespread disruption to the way we lead our lives. Increasing numbers of people are facing unemployment, and more people than ever are working from home in a bid to minimise spreading the infection. But when Britain finally emerges from the grip of the outbreak, franchising may well represent a new start for many in a time of economic uncertainty. Here’s why:
New ways of working expose new needs
There’s no doubt that the recent need to work from home will lead to a widespread revolution in home-based and flexible working. With more people working from home, juggling professional and home lives in the same space, we can expect to see more demand for businesses which provide mobile services. That’s where cleaning and automotive franchises come in, such as My Secret Fairy and ChipsAway Mobile Car Scratch and Body Repair.
Helping people feel good
Even in times of economic uncertainty, businesses offering luxury services such as hair and beauty treatments, travel and leisure experiences, and fitness programmes seem to do well. With Britains across the country having had holidays cancelled and wellbeing appointments disrupted, we can expect this area to take off once more with even more vigour. In turn, franchises in these sectors, such as Lash Perfect Franchise, GoCruise & Travel and 9Round, could represent excellent business opportunities.
A new horizon for new businesses
There is a silver lining to the intense period of lockdown that the country finds itself in. For those who have more time on their hands, this could represent the opportunity to finally put plans in place to start the business they had always dreamed of. There are low-cost franchises out there in every kind of industry, and those entering B2B sectors may find they are inundated with new clients who have also recently set themselves up in business. They may need assistance with web design, signage, marketing, accountancy or other professional services.
While things may look bleak now, the current situation won’t last forever. And when Britain does emerge on the other side there will be plenty of need for new services in a range of sectors, and plenty of gaps left in the market to fill.
At Franchise UK, we can help you find the right franchise for you, so if you’re considering starting a business, be it a Bakery Franchise or a Takeaway Franchise, take a look around the UK’s largest franchise directory today.