This year be proved to be fruitful for many industries with growth across the market. However, one industry that wasn't as successful was franchise businesses. Nick Powills, Editor in Chief of 1851franchise.com, joins Cheddar to break down 2017 and look ahead to see what is in store for franchises in 2018.
Powills explains that when the markets are doing well fewer people tend to get into franchises. This is because there is job and market stability and fewer individuals looking for alternative jobs and revenue.
For franchises, the health and wellness businesses did well this year as well as education. For next year, Powills expects the markets to continue to rise. This means franchisees need to focus on their core businesses and traffic. Powills does not anticipate a boom in individual branch growth.
Gavin Jackson, CEO of UK-based autonomous vehicle company Oxbotica, joined Cheddar News to talk about the firm's software for businesses and its future plans.
Connecticut’s first adult-use cannabis dispensaries opened to the public on Tuesday, making the Constitution State the latest along the east coast to open access to cannabis to adults 21 and older.
