Trade Your 9-5 To Become An Entrepreneur
Though you’ll never likely get rid of “the grind”, you can control WHEN you grind by becoming self-employed. The world of entrepreneurship has been on a significant rise in the past few years due to pandemic downsizing, an increased amount of single-parent households, and an overall embracement of creativity in our modern lives. People want to control their own work schedules and build something for themselves.
Whether it’s because of job loss, a changed perspective, a larger focus on work-life balance, or maybe it’s just a calling due to some great ideas, now may be the time to trade up your J.O.B. for something you work to own.
Franchise ownership is on the rise
So, you’ve decided to open your own business. But like many people, you’ve thought “why should I bear the burden of learning all the mistakes and building a brand when I can buy into a turn-key system?” You would not be alone in these sentiments.
The International Franchise Association released (in early 2022) an ‘Economic Outlook for Franchising 2022 Report‘ which cites that franchising will likely end the year with more than 792,000 establishments, adding a net gain of 17,000 new locations, with a marginally lower growth rate. but still contributing over $500 billion to the GDP. Previously in the 2021 Economic Outlook, they state that nearly all of the economic damage created by the COVID-19 pandemic could be erased in 2021. Specifically, franchising is projected to open more than 26,000 locations, add nearly 800,000 new jobs, and contribute a whopping $477 billion to the U.S. GDP.
As you can see, franchising has made significant contributions to our economy’s recovery and continues to do so by holding a 3.3% growth rate. Color Glo International has been part of this upward growth trend by opening several new franchise locations over the past year and a half. We have hundreds of locations both nationally and globally in more than 50 countries.
Consumer spending is in flux
In 2021, consumer spending habits were trending down. But in 2022 consumer spending habits have continued to sore despite the inflationary squeeze. Just today (September 14th, 2022) MSNBC reported that the average household is spending $450 per month more to buy the same things they did a year ago. Forbes consumer forecast 2022 report tells us that personal savings are below 2019 levels.
So, the point is that the cycle of inflation, cost of goods, and job instability is largely a major concern for most employees. Paying for their monthly bills and food is also a major problem. Losing a job from a company that may also be suffering from this issue is a major concern.
If you’ve been pondering the question “Should I buy a franchise in 2022 or 2023?, now is a perfect time to consider Color Glo International. Perfect, because we stand to benefit from the growing database of businesses and consumer striving to reduce their expense and increase their margins or savings by repairing vs replacing. By refurbishing vs. upholstering. By making new what once was old.
Restoring and reusing damaged items such as furniture, car and boat interior components, medical and gym equipment, and restaurant seats are becoming the preferred choice of consumers and businesses alike. It helps to keep countless items from ending up in landfills. Color Glo has felt the positive effects of these spending and behavioral shifts, with more and more consumers and businesses turning to us for help. We’ve been doing it since the 1970s!
Top Ranked Franchise Business
A Color Glo Franchise is a great choice. Year after year, CGI wins Entrepreneur’s award in multiple franchise categories including Top Franchises Below $100,00.
Create certainty in your future
Entrepreneurship has never been more accessible than it is today. People are making living creating original content on TikTok these days - influencers of products, places, and experiences. it’s literally an endless landscape of possibilities. And whether we are talking about Baby Boomers, Gen Xers, or Millennials, there is a gravitational shift towards taking the bull by the horns and managing one’s own destiny and schedule. Predicting the future, building wealth, and loving what you do.
Join The Ranks
Buying a Color Glo franchise eliminates all the hard work: finding a location, negotiating a lease, hiring reliable contractors, and doing all this on time and within budget. When you buy a Color Glo franchise you are buying a complete turnkey business. Join the ranks today and make a change for your family.