Mainland

<a href="https://www.linkedin.com/in/powills/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yahoo-finance-1851-franchises-nick-powills-on-why-franchising-will-be-attractive-in-2024-2724576" target="_blank" rel="nofollow">Nick Powills</a>, CEO of&nbsp;<a href="https://1851franchise.com/mainland">Mainland</a>, publisher of 1851 Franchise and board member of&nbsp;<a href="https://1851franchise.com/meltingpot">The Melting Pot</a>, joined Yahoo Finance Live to discuss the state of the franchising industry in the upcoming year.&nbsp;Powills noted that “the franchise industry tends to work opposite that of the economy. So when the economy goes down, franchising goes up.” Although every brand doesn’t follow this trend, it opens up opportunities in those that do.“When there's turbulence in your job, you tend to start looking at alternatives as to how can you build wealth or cover your salary,” he said. “And therefore, they look into franchising. So as we head into potential turbulence in the early parts of 2024, that's positive.”For those deciding what sector to get into, Powills advised using your head, your heart and your gut when it comes to evaluating an opportunity, with success ultimately being up to the individual. While recession-resistant sectors such as hair care and education are attractive options, Powills said "the greatest tools" a potential franchisee can have are passion and hustle.&nbsp;“You have to align your passions with the financial bandwidth that you have,” he said. “And then you buy into that type of brand segment. But the only way you're going to get success or the only way you're going to build wealth is if you have that mindset, and you have that grit and hustle and attitude when it goes into franchising.”&nbsp;Watch the full segment&nbsp;<a href="https://finance.yahoo.com/video/why-franchising-quite-attractive-2024-223505221.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=yahoo-finance-1851-franchises-nick-powills-on-why-franchising-will-be-attractive-in-2024-2724576" target="_blank" rel="nofollow">here</a>.&nbsp;

Yahoo Finance: 1851 Franchise’s Nick Powills on Why Franchising Will Be Attractive in 2024

1851 Franchise

Want to get into franchising in 2024? Use your head, your heart and your gut when looking for opportunities, says the CEO. 

yahoo-finance-1851-franchises-nick-powills-on-why-franchising-will-be-attractive-in-2024

INFORMATION

Contact

About Mainland

Hello by Mainland

Other Publications

Learn

Visit Website

MAINLAND

Facebook

LinkedIn

Instagram

SOCIAL MEDIA

Why I Left the Newsroom To Join Mainland: Account Executive Elliot Grandia Reveals His Story

Building a Franchise Development Website

How Content Marketing Can Elevate Your FranDev Marketing

MAINLAND MOST READ STORIES

LOGIN

ABOUT MAINLAND

CONTACT MAINLAND

facebook

instagram

linkedin

First Name

Last Name

Email

Phone

Comments

Contact Mainland

Mainland Secures USA Today Feature for Client Kona Ice Through Strong Relationships

mainland-client-kona-ices-founder-featured-as-millionaire-next-door-by-usa-today

Coffee and Analytics: Should You Ever Invest in a Franchise Expo?

coffee-and-analytics-should-you-ever-invest-in-a-franchise-expo

1851 Franchise Launches FranCamp: A Collective Conference for Growth Planning

1851-franchise-launches-francamp-a-collective-conference-for-growth-planning

How Mainland Used Local and National Media To Revive Checkers & Rally’s Franchise Development

how-mainland-used-local-and-national-media-to-revive-checkers-rallys-franchise-development

building-a-franchise-development-website

Yahoo Finance: 1851 Franchise’s Nick Powills on Why Franchising Will Be Attractive in 2024

MORE STORIES LIKE THIS