For aspiring entrepreneurs, opening a business in the wake of the pandemic might seem like a daunting task. As doors reopen for business and protocols are lifted, others are asking themselves if there are new opportunities to be explored.
If you’re at a crossroads and are considering starting your own business, it might be time to take the leap. First, however, you will need to navigate the challenges that come with opening your own business.
Choose an In-Demand Industry
Despite COVID-19’s strain on the economy, new business applications hit a 13-year high in the United States in 2020, according to U.S. Census Bureau data
. A recent survey
found that one in five “pandemic founders” didn’t have business plans before the pandemic, with about a third of those saying their business dreams were inspired by changes and new needs caused by the pandemic.
To build a successful business, you will need to consider the new high-demand businesses that meet our modern challenges. Examples of industries thriving during the pandemic include commercial cleaning services, delivery services, and other need-based businesses. These businesses quickly identified what consumers needed and worked to fill that need.
How Does Franchise Ownership Work?
If you’re looking to open your own business, starting a new company from scratch isn’t the only way to make your entrepreneurial dreams come true.
Although building a company from scratch might be tempting, new businesses face many challenges like finding office or retail space, establishing brand awareness, and developing successful operational systems. According to the Small Business Association (SBA), approximately half of new businesses
fail to survive for more than five years.
In contrast, Franchise Business Ownership provides the opportunity to sell goods and services with instant brand recognition and receive the training and support you need to succeed as a small business owner. Some franchises, such as a commercial cleaning franchise business, don’t require brick and mortar structures at all, which could amount to significant cost savings as compared with other business models.
When you become a Franchise Owner, you will partner with a franchisor to open a business under the brand’s umbrella. Then, you will own and operate your independent business using the franchisor’s brand name, business model, training materials, services, and other key assets.
Prime Business Opportunities
Although the coronavirus continues to affect business operations, there are countless unique service business ideas that can help aspiring entrepreneurs leverage opportunistic benefits. Some small business opportunities that have emerged since the pandemic are:
- Commercial cleaning services
- Virtual assistant services
- Delivery services
- Remote security services
- eCommerce businesses
With new business opportunities popping up across various industries, life in a post-COVID world will continue to inspire new small business ideas, products, and services.
Become a Coverall® Franchise Owner
With a franchise, Independent Business Owners can avoid many of the business restrictions, temporary closures, capacity limits, and other challenges imposed by the international health crisis. Those interested in making a professional change and becoming a business owner should seriously consider opening a Coverall Franchise.
Coverall is a vast network of 8,000 independently owned and operated franchises that provide commercial cleaning services to industries of all kinds, all over the country. Coverall Franchise Ownership offers candidates the opportunity to join an in-demand industry, avoid the overhead costs of traditional brick-and-mortar businesses, and minimize in-person contact.
When you start a commercial cleaning business
with Coverall, company leadership provides the roadmap to help you build a lucrative business—even if you have no experience in the commercial cleaning industry. We will teach you our proprietary Core 4TM
Process according to the CDC’s scientifically proven cleaning protocols, Preventative Maintenance training, and one-on-one mentorship to perfect your skills. As an added bonus, Coverall Franchise Business Owners may receive an initial base of customers upon training completion.
For more information and to get started on the path to owning your own business, contact Coverall today. Don’t forget to ask about our Military and Veterans Discount
! We look forward to hearing from you.