Is Investing in a Franchise a Smart Decision in 2021?
Franchises that were able to adapt and grow despite the unforeseen challenges presented in 2020 are now poised for even more growth in the new year. Whether or not you have any previous experience as a franchise business owner, 2021 is the perfect time to start a business.
Opportunities Abound
2020 was a year of re-evaluation. With many facing layoffs or other unanticipated financial hardships brought on by a global pandemic and social turmoil, stay-at-home orders forced us to take a long, hard look at our goals and desires for the future and how we would approach our work as the world begins to open back up.
Net worth you may have built over the last decade or so, in the form of home equity, retirement accounts, or personal savings, can be invested into franchise ownership, tax- and penalty-free. Franchising is the perfect opportunity for seasoned and budding entrepreneurs alike, providing a well-established business model with the freedom to work for yourself and achieve a healthy work-life balance that you may have been unable to maintain in your previous field. Prospective franchisees are smart, resourceful, and highly motivated, making them desirable candidates for brands looking to move into the future.
One industry that has proven itself to be immune from pandemic effects is pet grooming and pet care. As an emerging leader in the pet space, Scenthound has weathered the storm of 2020 and come out ahead, with more than 35 new franchise locations slated to open in 2021.
Learn From Experience
The franchise brands that were not only able to maintain operations but find new ways to thrive during the pandemic are now outfitted with an expanded set of skills to help your business succeed. The support system that comes along with investing in a franchise is unlike anything available to independent business owners. By benefiting from executive leadership and the feedback of fellow franchisees, you’ll be able to hit the ground running with a proven and tested roadmap.
At Scenthound, we welcome new franchisees to join our pack by providing extensive training, operational support, and the opportunity to become a part of a community that prioritizes happiness.
Raising The Bar With Technological Advancements
Franchises from all industries had to quickly adapt to the new normal by incorporating heightened safety practices and high-tech solutions to keep their businesses thriving. These adjustments will continue serving the franchise community and our customers in the years ahead.
For Scenthound, a brand that relies on in-store contact between customers, their pets, and store employees, new social distancing measures were quickly and effectively put into place to ensure both convenience and safety for everyone in the Scenthound community. Even during this on-going global pandemic, Scenthound has never had to close its doors because of its focus on the health and wellness of its employees and customers.
Proven Systems Are Already In Place
Founded in 2005, Scenthound has proven itself as an innovative leader in the dog grooming industry. Recently named as one of GROWFL’S Companies to watch, there has never been a better time to become an investor.
To learn more about franchising opportunities with Scenthound in your area, please visit us.