Is The Time Right To Open a Home-Based Business?

Lice Happens. Once it does happen, parents are left with two choices. Those parents who consider themselves the “do-it-for-my-selfers” will run down to the local pharmacy and grab the over the counter treatment and spend the next 3-4 hours doing the best they can to remove the nits from their child or children’s hair. The other group, the “do-it-for-me” parents–will search the web and find lice treatment locations in the area, call and make the appointment and spend the next 4 hours sitting, watching and waiting until the specialist has finished treatment.

“That is the beauty of our franchise opportunity,” said Nancy Fields, Co-Founder of Lice Happens. “We service the “do-it-for-me” market, but we go to our clients home. They don’t need to put their life on hold while we treat the family.” Lice Happens continues to open locations under the Home-Based, Low-Investment Franchise banner and is aggressively seeking qualified candidates throughout the United States. Franchising provides people looking for another track in life to open a business that has a proven track record of success. Lice Happens has 10 franchise locations and 11 company owned locations in operation today.

Franchising Is On Track For Another Great Year

While projections for the U.S. economy indicate an expected growth of 2.5 percent this year, and unemployment is expected to dip to 5.1 percent according to Kiplinger’s, 84 percent of Americans still don’t feel like the economy has recovered since the recession ended in 2009, according to a national survey.

Meanwhile, the world of franchises is booming. The latest Franchise Business Economic Outlook: 2015 released in January by the International Franchise Association (IFA) Educational Foundation and IHS Economics indicated that for the fifth year in a row, franchise businesses are expected to outpace the rest of the U.S. economy in terms of job creation.

There is however a potential bump in the road, namely the possibility of federal intervention by the National Labor Relations Board (NLRB). The NLRB filed a complaint saying that McDonald’s should be considered a ‘joint employer’ with its franchisees, which, if upheld, could alter dramatically the entire franchising business model. Ninety seven percent of those who responded to The IFA Franchise Business Leader Survey said they believe the joint-employer ruling would negatively impact their business if it took effect.

Other important details from the 2015 report included:

  • Franchise businesses will add 247,000 new direct jobs this year, a 2.9 percent increase over 2014.
  • Franchises will grow by 1.6 percent in 2015, and their economic output is estimated to increase by 5.4 percent over last year.
  • The franchise sector’s GDP is projected to rise by 5.1 percent this year, while the U.S. GDP is expected to increase by only 4.9 percent. Overall, the franchise sector in 2015 is forecasted to contribute about 3 percent to the U.S.’s GDP.
  • The IFA Franchise Business Index was up 3.1 percent in November 2014 compared to November 2013 — the biggest year-over-year gain since the start of the Great Recession in 2008.
  • Quick service restaurants and retail businesses are expected to offer the best growth potential, among the different types of franchises, in terms of increased employment.

Read The Full Report: Franchise Business Economic Outlook For 2015. To learn more about the Lice Happens Franchise Opportunity, Download Our Franchise Kit.