2023: The Year of the Franchise

2023 is finally upon us. And while many of us are looking forward to putting 2022 in the rearview mirror and looking ahead to the new year with new ease of optimism and enthusiasm, it’s important that we briefly take a short look back at the year that was to prepare for the one ahead.

As the return to normalcy following the pandemic continued, we saw a considerable upswing in the franchising industry. Personal service, fast casual dining establishments, and home improvement businesses were all on the rise in terms of popularity and financial gain. That said, there was still adversity that hindered the success of many. Factors such as a lack of labor, supplies, and resources were all prevalent throughout the year. 

What to Look Forward to in 2023 

If you’re thinking of getting into the business world through franchising, this is the year to do so. 2023 is shaping up to be a year with countless opportunities, and seeing the right one in the early goings can make all of the difference in achieving success. 2022 presented a fair amount of difficulty, many of which will slowly dissipate as the year progresses. Coming back from a global pandemic is no small feat, and while many businesses swung back sooner than others, there’s no reason to think that the year ahead won’t see an even stronger return in the franchising world. 

A Welcomed Return 

While the fears and phobias that 2020 brought are certainly something to keep in mind, we’re getting farther away from the pitfalls that accompanied the dreadful year. Because many businesses were forced to close their doors in the wake of social distancing and quarantine, there’s a call for more businesses to replace them and an eager labor pool that’s going to be stronger than ever. With more brands looking to expand, there’s no reason why you can’t make 2023 the year in which you enter the franchising world and conclude it as a conquering hero. 

Franocity: Professional Franchise Consulting

With over 100 years of collected experience and 450 brands represented, you could say we’ve put in the time to build one of the best franchise networks that are currently on the market. We believe that everyone is entitled to success, and we can help you get on the right path and stay there. For more information on us and how to make 2023 the year of the franchise, visit Franocity online or give us a call today at 561-609-6200.