Why Franchise Consulting Franchises Are Taking Off In 2021
When COVID-19 first hit in Spring 2020, it took time for franchises to retool and adjust to the pandemic’s economic challenges. Once businesses understood the changes in spending habits, supply and demand, they were able to see opportunity. And many of them realized that opportunity with the help of franchise consultants.
According to research performed by ReportLinker and MarketWatch, the pandemic has been very good for business consultants. The global management consulting services market is expected to grow from $819.79 billion in 2020 to $895.46 billion in 2021 at a compound annual growth rate (CAGR) of between 8% and 9.2%. The market drivers behind this growth are largely companies seeking advice for optimizing business models for an economic landscape changed by the pandemic’s reality.
What does that mean for investors looking at franchise consultancies? It means that many entrepreneurs will be looking for franchise advice with a valuable, experienced partner. Below are some of our recommended franchise consulting opportunities:
AdviCoach is a business coach franchise that helps franchisees focus on performance management, business strategy, goal setting, time management, and more. The franchise has grown to 28 locations in the U.S. since opening and focuses on small and medium sized businesses. For more information on franchising opportunities with AdviCoach®, click here.
FranNet Franchising, LLC
FranNet franchise experts help guide entrepreneurs through the franchise ownership process. The franchisor operates a network of local consultants who help motivated entrepreneurs mitigate risk and plan for success through franchising. FranNet has been listed on the Fortune 5,000 six times, and is ideal for a would-be entrepreneur looking to transition into the franchise world. For more information on franchising opportunities with FranNet Franchising, LLC, click here.
Network Lead Exchange
Network Lead Exchange is a businesses referral franchise that operates a chapter-based franchise model. Each chapter brings different business owners together to share connections, insights, ideas, promotions, and grow their business. To learn more about a franchise opportunity with Network Lead Exchange, click here.
The Entrepreneur's Source®
For over 35 years, The Entrepreneur’s Source has helped individuals make the leap from employee to business owner. The franchise operates a network of business coaches through more than 100 locations in North America. Customers receive training programs, peer support, and ongoing education on the core skills successful business owners need such as marketing and business development. For more information about franchise opportunities with The Entrepreneur's Source®, please click here.
Transworld Business Advisors
Founded in 1979, Transworld Business Advisors has received numerous awards for its business brokerage, franchise consulting, and franchise development services. Transworld primarily provides business brokerage services, helping entrepreneurs connect with franchisors and franchises for sale. To learn more about franchise opportunities with Transworld Business Advisors, click here.