Over at Small Business Trends, Joel Libava of The Franchise King Blog shares his thoughts on the franchising opportunities to watch in 2010. The big opportunities are tied to demographics. And Libava expects growth in businesses that cater to Boomers' retirement needs:
Millions of baby boomers are retiring every year, and medical advances will allow these folks to live longer, more productive lives. The franchise industry has been starting to capitalize on this trend, with franchise concepts being launched to allow these retired folks to enjoy themselves, longer.
That means franchises like cruise lines, and health clubs that cater to the Boomers.
Libava is also bullish on the health care sector, the "Green" sector, home-based franchises, supplemental education franchises, and some food franchises like Five Guys and several Mexican food franchises. And across all these sectors, he's looking at businesses that have recognized the power of social media to connect effectively with customers. Read The Top Franchise Trends for 2010 here.
Posted
12-21-2009 10:46 AM
by
Graham Griffith