Pay special attention to these trends in the franchising industry in 2016!
From year to year the franchise industry changes as high demand develops for new trends as they arise. These trends can be found in different areas such as food, health care and technology. New rules are often set, that have a significant impact on your business. Get an idea of the most popular trends in franchising and create a useful overview!
1. Health Insurance for Employees
Due to these improvements in the health reform law, it is now require of all companies having or exceeding 50 or more employees to offer an employer-sponsored employer health insurance. Even as a franchisor, you must insure your franchisees. This is a major cost, which is why many franchisors will reconsider an expansion of their business. You should therefore take a closer look at the health reform laws to figure out, whether your company or franchise is legally obligated to insure its employees. The last thing you would want is to get a hefty monetary fine.
2. Sustainable and Organic foods
The second trend, which is very much in demand in 2016 is within the restaurant franchising business. Franchisors want to banish cheap and unhealthy foods such as corn syrup or foods that are not organically produced from their business and switch to more sustainable and healthy food suppliers. The prime example here is the popular fast-food chain McDonald's: within the next 10 years, the chain wants to exclusively work with free trade suppliers. Amongst others, it's also Subway who joins this trend this year: here is where exclusively antibiotic-free meat will be offered. If you are in the business of Restaurant Franchising, be sure to follow this trend! It is worthwhile not just for you, but you'd also be contributing to your customers' health! By doing so, you will also ultimately be able to attract numerous health-conscious customers and gain new audiences for your products!