The iFranchise Group was founded in 1998. It offers the skills of the nation’s top franchise experts. This includes strategic planning, operations training and documentation, franchise marketing and sales. In addition, they also offer the best practices for emerging and established franchise companies worldwide. Substantial growth in Franchise sales has been predicted by Mark Siebert, the CEO of the iFranchise Group.
We have been hearing news about how many industries have furloughed their staff in the last few months. This was primarily due to panic and lockdown situations that prevailed worldwide, as a result of the Covid-19 pandemic. Despite this, Mark Siebert feels rather bullish about franchise opportunities in the coming period.
It is rather with great assurance that he predicts once in a lifetime opportunity for new franchise investments in the following months. There is already an increase in the interest from those looking to invest in franchises. Further, this interest will translate into contracts by 2021. He strongly feels that this could possibly be one of the strongest years ever for franchising for the following reasons.
If your business model is franchisable, it takes at least 4 months to have the documentation in place. It is important to focus on the success of the existing business before jumping into franchising it. Once the profitability is sufficiently high, you can confidently apply for the franchise model.
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