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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…

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.…

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…

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…

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…

The relationship a person has to their career has certainly changed over the years. At one time people used to work for the same company and retire at 55 to travel. Today, the average age someone plans to retire is 62. People can extend their retirement with an encore career; a second vocation for the…

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’…

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…