Working from home has been more common in recent years, so it’s no surprise that home-based businesses are becoming more popular as well. Here’s why home-based franc hises for sale are becoming more popular.
The pandemic’s impact
More individuals than ever before were obliged to work from home because of the COVID-19 pandemic’s stay-at-home policy. When the limitations were relaxed, many of these people turned to work from home and sought possibilities that would enable them to continue doing so.
According to Global Workplace Analytics, after the COVID-19 epidemic, around 25-30% of the workforce will continue to work from home
As the popularity of working from home grows, ‘homepreneurs’ will increasingly turn to franchise opportunities and the numerous advantages of franchising to continue their work-from-home lifestyle.
There are several options available.
Another reason why home-based franchises are becoming more popular because there are so many various job opportunities and industries to select from. As a result, home-based franchising appeals to a broad range of people.
There are various sectors to pick from that fit the home-working setting, whether you want to become involved with teaching, sales, IT, cleaning, care, or consultation. You don’t need any abilities in your chosen field since training will be offered.
Following the COVID-19 epidemic, many individuals may have re-evaluated their lifestyle and ambitions and may be contemplating a job shift. For some, this may imply a full shift in direction, while for others, it may imply a shift in how they operate, such as attempting to achieve a better balanced work-life balance.
It’s simple to understand why home-based franchising has become such a sought-after concept, given its many options and flexible working style that enables individuals to pick when they work, thereby encouraging a favourable work-life balance.
Sectors with high growth potential
One of the many negative consequences of the COVID-19 outbreak has been the loss of many people’s employment. According to analysts, the economic catastrophe triggered by the pandemic is anticipated to result in job losses impacting 200 million people by 2022.
This implies that individuals who have lost their jobs will be looking for new opportunities in places where they are more likely to have job security. Many employment categories that match the home-based franchising model are prospering and expected to continue developing, making them ideal for people seeking enhanced job security.
With an ageing population, for example, there will always be a need for care franchisees to offer a wide variety of services to care for the elderly, and this is one area where the home working setup works well.
Cleaning services will always be required, regardless of what is going on around the globe, whether in commercial, industrial, or home settings. Cleaning franchises are also a good fit for working from home since you don’t require a physical location to provide these services.
With the advancement of technology, IT services will continue to be in high demand. Therefore, people interested in working from home with computer franchises have a bright future ahead of them.
Because many fitness establishments were forced to shut during the lockdown, online fitness programmes grew popular. Following the global financial crisis, many individuals became more concerned about their health and fitness. Online health and fitness services continue to be in high demand; therefore, this is another area of franchising that will prosper for people looking for home-based business options.
Mental health is the focus of this article.
There is mounting evidence that mental health issues are increasing, and the epidemic has undoubtedly played a role. With more individuals suffering from worry, stress, and depression, their lives may need to be completely reassessed and overhauled. This may include leaving a demanding career, while for others, it may imply working fewer hours and spending more time with their families. In any case, this has made home-based franchises a very enticing alternative since it enables individuals to take control of their working environments to enhance their mental and physical health.
Because many individuals may have lost their jobs or had other financial troubles due to the epidemic, those looking for new work prospects may be apprehensive of taking on too much risk.
Compared to beginning a brand new firm from scratch, the risk of home-based franchising is far reduced. Home-based franchising is suitable for people looking for a new challenge in these uncertain times since it requires less investment due to the lack of real infrastructure. You may also rapidly build the company and start reaping the benefits since you get to take on an existing brand name and get training and assistance from the franchisor.