In this article we are going to tell you why we think you should think about buying a coronavirus resistant franchise opportunity now rather than waiting till later. The coronavirus is a serious concern not only for the american wealthy but also for the avergae americans when we write this article. And that’s exactly why you should not stop your search for finding franchise opportunities. Recession and coronavirus resistant franchise opportunities will be the focus of everybody’s search over the next few months.
Here is the Situation
Many businesses (franchie or non-franchise) and even large industries are facing an imminent threat of bankruptcy. The decline of human interactions, trips, and avoidance of public and social events are threatening many jobs in various large and small business industies. Kids don’t go to school and people tend to stay home to be safe from getting infected by the misteriously scary coronavirus. People are prohibited from eating at restaurants (franchise or non-franchise) to prevent possible infection.
Should I Wait or Invest in a Franchise?
Coronvirus epidemic has derailed the current economy and has cast doubt on the future. At this time, the normal expectation for many people is nothing but another recession. So, while it is certainly not the perfect time to start a business, there are seasons to believe that you should think of buying a coronavirus resistant franchise:
- According to Forbes, 78% Of Workers Live Paycheck To Paycheck. This means, if the jobs are not preseved, many americans will be in serious problem over their living expenses and debts.
- Starting a franchise business requires time and money. If you do not decide quickly, either you will run out of fund soon, or will be standing back in the line.
- Getting lower cost finance and government incentives are increasingly available at this time.
That’s why many (have already found or) will find the idea of a coronavirus resistant franchise opportunity a great idea. It can help them go though recession and mitigate for their unemployment, and lessen the catastophic effect of recession on their family income.
Coronavirus Resistant Franchise vs. Recession Resistant Franchise
A blogger of Small Business Administration (SBA) website believes a recession resistant franchise is the one that provides a need, and not a want. We both agree and disagree! Here is why: A recession resistant franchise is not always the one that satisfies a physical need; such as fixing your car, or cutting your hair, or restoring your house from a water damage. But, it also can be the one that addresses a want or mental need at the time of recession. An example of this would be a nail franchise. Although such a business seems to represent a want rather than a need, it mentally helps many women to feel good and to lower their stress level during a recession. So in order to survive in a normal recession, one would have several choices that still can serve both needs and wants.
One thing that is absent in normal recession but is present with Coronavirus inflicted recession is the contagion risk. In the previous recessions, people were free to go out and interact with one another. But, this is not be the case with the Coronavirus situation. People are requested to stay home and not go out other than for necessities. Restaurants, bars, and other social places are closing their doors on the Governement’s order to prevent speedy spread of the virus. Schools are closing and people are in limbo about their employment status. Parents feel the threat of not being able to provide for their kids due to not having enough income. The resources are becoming scarce due to overstocking by frightened selfish people. More businesses are expected to file for bankruptcy and more foreclosures are speculated for the unemployed middle class families.
Similar to the toilet paper frenzy, people will soon realize they have no job, businesses going down, no income, and should face with a pile of debt and ongoing bills and expenses that must get paid.
Coronavirus Resistant Franchise Ideas
Should I invest in my dream franchise opportunity? Absolutely not if it is not a coronavirus resistant franchise! We are not experiencing a normal recession as above explained. That’s why you should be very vigillant about what franchise you choose. The good news is that there are needs and wants even under this situation. There are some low cost corona virus franchise opportunities that are more promising than high cost restaurant and bar franchise concepts. Those franchises are expected to withstand and survive the tsunami wave of coronavirus recession better than others but it does not mean the result is guaranteed. There is always a risk associated with opening any business. The total investment required for such franchise varries between $82,000-$200,000 depending on the industry. Those franchises are in a very limitted number of industries such as repair and restoration, leisure, consulting, and some others.
Contact Us Now Than Later
Similar to the toilet paper frenzy, people will soon realize they will have no job, no business income, and a pile of debt and ongoing bills and expenses that must be get paid. As soon as such a fear spreads among people, they will start searching for new coronavirus franchise opportunities. And you know what will happen in such market: SATURATION! If you are interested to learn more about ourt coronavirus franchise opportunities, act NOW! Please fill out the contact form on this page and a franchise consultant will be in touch with you to present those opportunities for you.
