The Entrepreneur's Source Spotlights 2011 Franchise Trends
'Hot List' Helps Identify Franchise Business Opportunities
SOUTHBURY, CT--(Marketwire - January 26, 2011) - For those searching for their entrepreneurial dream, The Entrepreneur's Source (www.entrepreneurssource.com), a leading business coaching company, suggests that the list of what's hot in franchising might be of interest. Published by Entrepreneur Magazine (www.entrepreneur.com), the list highlights a trend towards franchises that offer one-on-one services such as senior care and child care, business coaching and luxuries made affordable such as spa services and fitness programs.
"Franchising is typically a proven, turn-key approach to a successful business concept," says Brian Miller, COO and president of The Entrepreneur's Source (TES). "If you have a desire to open a business, investing in a franchise can be a smart decision. A franchisee benefits from a recognized brand, a network of other franchisees to turn to, as well as training and on-going support."
The future of franchising is looking bright according to the U.S. Census Bureau (www.census.gov) which reported that 10.5 percent of all businesses with paid employees were franchises in 2007, the latest data year, and that they generated a staggering $1.3 trillion in annual sales.
"Franchising can be rewarding and lucrative when you find the right business concept that meets your lifestyle, goals and needs," says Miller. "At TES, we work with a whole host of companies that offer very interesting business concepts for everyone."
Demographics are driving the need for business consulting and coaching services as baby boomers and women look for entrepreneurial opportunities. There are nearly 78 million people in the baby boomer generation, defined as being born between 1946 and 1964. According to a 2004 AARP study, 33 percent of workers between the ages of 51 and 69 became self-employed after the age of 50.
"The numbers tell part of the story," Miller said. "There are simply more people that are in the market looking to become entrepreneurs. But there has also been a generational shift in how workers look at their careers." The days of retiring from a corporation after working there for 35 years are gone, Miller said. Today's workers are continuing to adjust their career goals, and TES business coaches are in a unique position to help them understand not only what types of opportunities exist, but what types of opportunities will match their personal needs for a rewarding career.
For more information on franchise opportunities and business coaching support, please visit www.entrepreneurssource.com.
About The Entrepreneur's Source
The Entrepreneur's Source is North America's leading career and franchise Business Coaching Company dedicated to the entrepreneur with more than 230 offices in the United States, Canada and the UK. With its unique E-Source Coach Advantage and partnership with E-Myth Worldwide®, E-Source offers a full range of services to individuals seeking alternate career options and to franchise businesses looking to increase performance. Today, E-Source dominates the $1.5 billion dollar Business Coaching/Consulting franchise market in North America. For additional information about The Entrepreneur's Source, go to www.EntrepreneursSource.com.