1851

<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. 

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Dillas Quesadillas

Beyond Fast Casual: How Dillas Primo Quesadillas Is Leading the QSR+ Revolution

beyond-fast-casual-how-dillas-primo-quesadillas-is-leading-the-qsr-revolution

Homewatch CareGivers

How Homewatch CareGivers® Became the Wellness-Forward Home Care Franchise Built on 45 Years of Purposeful Human Interactions

how-homewatch-caregivers-became-the-wellness-forward-home-care-franchise-built-on-45-years-of-purposeful-human-interactions

Keke's Breakfast Cafe

Building a People‑Powered Breakfast Franchise: How Christie Schatz Shapes Culture at Keke’s Breakfast Cafe

kekes-breakfast-cafe-culture-and-brand-values

KidStrong Franchising, LLC

Why KidStrong is Targeting San Diego for Franchise Growth 

why-kidstrong-is-targeting-san-diego-for-franchise-growth

The Growth Coach

The Growth Coach Closes Record-Breaking Year, Marking Major Gains in Franchise Sales and Corporate Expansion

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

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