The franchise industry has been impacted negatively by the weak economy for the past two years, and I expect that things will remain about the same for at least the 1st half of 2010.
One of the keys to franchise unit growth in 2010 will be the availability of small business start-up loans. The Obama administration seems to be turning up the heat on US banks to start lending money to future small business owners again, and if that happens, 2010 will be a better year than 2009 was. Watch this 3 minute video
One industry segment that I'll be keeping my eye on in 2010 is the senior medical and non-medical care market. I'll be watching for some consolidation to start happening, as I feel that the industry is becoming quite saturated.
In my 3rd Annual "Top Franchise Trends" article over at Anita Campbell's Small Business Trends website, I wrote;
"I counted thirty different senior care franchise offerings that are
currently being marketed to prospective franchise owners. Thirty! 2010
may be a year of consolidation in this industry, which provides much
needed services to families in stressful situations. Comfort Keepers, HomeInstead, and HomeHelpers
are pretty dominant players in the non-medical senior care area. Two of
the the senior care franchises that specialize in at home medical care include Brightstar Healthcare, and Interim HealthCare."
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The rest of the article outlines some interesting new franchises, along with some surprises. Read about all of The Top Franchise Trends For 2010. Do you agree or disagree with my picks?
