Why 2025 is the Year to Invest in Franchising

Hire Yourself Podcast with Pete Gilfillan

Pete Gilfillan shares why 2025 is shaping up to be a pivotal year for franchise investment. By diving into economic trends, technological advancements, and industry growth, Pete outlines why franchising remains a powerful path to financial freedom and career stability.

In this episode, Pete discusses:

• The Resilience of Franchising

Franchising continues to show robust growth, contributing over $850 billion to the U.S. economy and creating thousands of jobs annually.

• Technology and Innovation in Franchising

Advancements like AI are revolutionizing franchise operations, from streamlining scheduling to enhancing marketing, making businesses more efficient and scalable.

• Stable Consumer Spending

Despite economic challenges, demand for franchise services in areas like home improvement, health, and wellness remains strong, driven by consumer needs and priorities.

• Scalability and Brand Recognition

Franchises offer scalable opportunities, allowing owners to expand territories or locations while leveraging trusted brand reputations for growth.

Key Takeaways:

• Seize the Opportunities of 2025

With strong economic output and government support, 2025 is an excellent time to explore franchise ownership.

• Leverage Technology for Efficiency

From AI to chatbots, adopting technology can give franchise owners a competitive edge.

• Invest in a Stable and Growing Industry

Franchising offers proven models for success and a pathway to financial independence.

"Franchising is not just a business; it’s a bridge to freedom and financial stability." — Pete Gilfillan

CONNECT WITH PETE GILFILLAN:

LinkedIn: https://www.linkedin.com/in/petegilfillan/
Website: https://www.hireyourself.com/

CONNECT WITH HIRE YOURSELF PODCAST:

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Transcript

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Welcome to the Hire Yourself Podcast. Are you stuck in the corporate rat race, worrying about layoffs, and longing to take control of your destiny? This is the place for frustrated executives like you who want to escape the grind, live life on your own terms, and build wealth. Whether you're ready to make a full transition into franchise ownership or wanna start building a side business along your corporate job, Pete guides you every step of the way. He'll talk about how to create career and income security, diversify your assets and income, and live life on your own terms. Your path to controlling your own destiny starts now.
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Welcome to the Hire Yourself Podcast. My name is Pete Gilfillan. I'm an entrepreneur, the best selling author of the book, “Hire Yourself”, an internationally recognized franchise consultant, and I am a proud corporate escapee. Yes. I've escaped the corporate world to become an entrepreneur. And during the Hire Yourself Podcast, I'm always trying to answer questions that people have. And the day's question is, why invest in a franchise in 2025? Right? There's a lot of stuff going on right now, but why should I consider investing in a franchise in 2025? So here we go. The answer to your question is is that bottom line is is that we are continuing to see significant growth in franchising. So franchising has been booming, and every indicator says that is gonna continue to, grow as we go into 2025. In fact, there are over 800,000 franchise establishments out there today, and it continues to grow. And they contribute, roughly $850,000,000,000 of economic output to the the United States economy. Franchising is could continue to boom. It's, resilient growth that we continue to see. The other thing, another reason why we wanna consider investing in a franchise in 2025 is it's creating a ton of jobs, and jobs makes the world a better place, from that standpoint. And so thinking about it, there is projected to be about 221,000 jobs added, over the next year, really contributing to a total number of 8,900,000 franchise related positions in the United States. So we're continuing to see jobs being added by franchise businesses. And the economic output, as I've mentioned before, continues to grow. They're rapidly expanding, so the output of franchises is gonna grow roughly over the next year around 4.1% to roughly 8, $893,000,000,000, and as much, more as we as we continue to go forward. So bottom line is we're gonna see the, economic, output continue to increase with franchises. And there is stable consumer spending. So people continue to spend money, in regards to needing the services. Whether that those are services that come to your house from the standpoint, so I need new carpet. I want to improve the energy efficiency in my house. I wanna get rid of all the weeds. I I want to get my house ready to sell. It could be or things like I want to improve my health and wellness. We talked about that in our our last podcast. Health and wellness. I I want those different services, lose weight, become stronger, increase my core strength, become more flexible. So people are willing to spend things spend money on things that they they need, and we're gonna continue to see that as we go into 2025. And there is still a lot of money out there in the marketplace, in regards to financing. So there's money with the SBA loans, and things like that. So there is money, that allows it to make it easier for you to invest in a franchise or simply put, there's capital available. And there's technology advancements, and this technology is really, driven in many different ways. It could be AI, leveraging AI to make your business more efficient, And that could be writing marketing copy or developing your website. That could be a scheduling system that you have. It could be a chatbot that you have that people, come to your website. So technology is really helping the advancement of franchising, and we'll continue to see that going into 2025. And we're seeing more and more franchising. A lot of franchise companies start in the United States, and then they go international. So they they hit they get a footprint here, maybe Canada, and then they start offering franchise opportunities. So we're continuing to see more international opportunities, and we'll we'll want to continue to watch that. I don't play much with international franchising, but it is a different beast, but we're gonna continue to see franchising happen that way. And people are continuing to look at franchises as a stable brand. We all are aware of many franchises, and we're seeing more and more franchises building brand recognition that maybe we didn't know about before. And we all know the ones that are in the food and wellness, space, whether it is Club Pilates, it is Jimmy John's, it can be anything you think about. Those brands are continuing to expand, and franchising, we'll see that as we go into 25 again. And franchising is very scalable, and I like my buddy who says, you know, it's hyperlocal. You can expand, and build out multiple locations or multiple territories. So it's very easy to do that. It's hard work to build a business, but it's designed to be scalable to open up 3 Club Pilates locations or or basically take on 3 territories for fish window cleaning. The idea behind it is is it is very scalable. And we're seeing and I think we'll continue to see going forward in 2025, we're gonna see more government support, whether it's kind of different policies out there, financial incentives, small businesses, franchises are good for local communities, and I think we're gonna continue to see that activity as we go forward. So as we look at 2025, there are multiple different reasons why franchising is gonna continue to boom and why you should consider investing in a franchise business. And with that, have a great day.
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Thanks for joining us on the Hire Yourself Podcast. Pete's here to help you break free from the corporate rat race, take control of your destiny, and finally live life on your own terms, whether that's jumping into franchise ownership full time or starting it as a side hustle. If this episode resonated with you, don't forget to subscribe, share it with a fellow frustrated executive, and leave a review to let us know your thoughts. Ready to start building your bridge to freedom? Visit hire yourself.com for resources, insights, and a clear path forward. Until next time, take charge, build your future, and live life on your own terms.