As owner of the ComForCare franchise in Greater Orlando, Cindy Gray was able to take immediate action in early March and spent more than $20,000 on personal protective equipment for the 66 caregivers she employs.
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COVID-19 has reinforced the importance of “essential” businesses, and that is especially true in franchising where being part of a growing network adds another level of security.
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The world’s largest franchisor of fresh fruit arrangements and all-natural fruit snacks and treats had a record-breaking performance for the first six months of 2020, despite the pandemic.
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The leader in performance-based music education continues to showcase its creativity during the pandemic, developing unique programs to keep its students involved nationwide.
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Challenges presented by the coronavirus have led many franchise brands to launch creative programs designed to attract new franchisees.
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According to Home Health Care News (HHCN), home-based care companies are proving to be recession-proof and many are seeing an uptick in interest among franchise prospects.
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As commercial real estate becomes increasingly available at lower prices post COVID-19, global fitness franchise Gold’s Gym is introducing a new scalable footprint model designed to better suit these spaces at a lower investment.
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The show must go on, and that is the case with the International Franchise Expo. The world’s largest franchise expo has moved its date for 2020 to Oct. 1-3 at The Javits Center in New York City.
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Unlike owners of mom-and-pop businesses, franchisees have the support of seasoned professionals in the brand’s corporate office in a time of crisis. Franchise-focused organizations are available to provide resources, as well.
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If history is any indication, the economic downturn caused by COVID-19 will have many looking for ways to take control of their financial futures.