How to Start a Retail Home Renovation Business

In 2021, the U.S. Census Bureau reported a 55% increase in the number of new businesses launched (just over 5 million). Most were launched by first-time entrepreneurs. The move was motivated by COVID-19, which caused people to re-evaluate how they were earning a living. Certainly, running your own business allows you more control over your…

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Multi-Unit Franchise: What Makes Them Profitable?

Franchisees who own multiple units are now more prevalent than those who own single units. Pursuing the business opportunity of owning more than one franchise involves securing future territories where you plan to expand. According to FRANdata, 54% of all franchises involve more than one operation. If developing multiple units is in your plans, you…

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Entrepreneurs and Franchise Owners: What’s the Difference?

Around the world, people are increasingly turning to entrepreneurship. In July 2020, the U.S. Census Bureau recorded an all-time high for applications to start a business – an increase of 95% from the previous year. It is a trend happening around the world as people re-evaluate the quality of life they want in the future.…

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4 Home Improvement Trends You Can’t Miss In 2022

The home improvement industry fared exceptionally well during the height of the pandemic as people remodeled newly purchased and current homes. But has the ship sailed for getting into the home improvement business? Here are some home improvement trends for 2022 to consider: Home improvement projects remain on the rise An analysis of homeowners’ search…

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Retail Franchise vs. Wholesale Franchise: The Best Fit for You

As you explore the idea of becoming a franchisee, you will most often come across retail franchise opportunities. These are the most common types of franchises, where you operate a retail store under a known brand name in a specific territory. Exploring a Retail Franchise Retail franchises can offer different benefits over an independent retail…

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Floor Coverings International Franchise vs. ProSource Wholesale Franchise

According to the Harvard Joint Center for Housing Studies (HJCHS), the home improvement industry is expected to grow through 2025, making it an exciting time to consider owning a franchise in this sector. ProSource Wholesale and Floor Coverings International are two franchises that offer different opportunities in the sector. Here’s a look at both. Floor…

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Remodeling Business: 6 Steps to a Successful Start

The U.S. home remodeling market expanded to $345.9 billion in 2020and is estimated to grow at a rate of 4.1% over the next six years. One of the biggest reasons for this prediction is the increased amount of time people have been spendingat home since the pandemic began—driving them to invest more in their homes’…

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Flooring Business: How to Start and Succeed

When it comes to finances, it is hard to find a steadier sector of the home improvement industry than flooring.From a global perspective, the flooring market was valued at $388.24 billion dollars in 2020 with a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028, when it’s expected to reach$621.54 billion. The Floor…

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