Five franchising sectors to invest in for 2023

Now more than ever, more job seekers are looking for a career in a stable industry with a positive outlook for growth and an opportunity for career advancement.

Five franchising sectors to invest in for 2023

Now more than ever, more job seekers are looking for a career in a stable industry with a positive outlook for growth and an opportunity for career advancement. And since the pandemic restrictions have eased and life has slowly returned to normal, it is a great time to explore a new industry in tune with your values and skillset. In this article, Paul Dodgshon, the Sales Director of Business Partnership, gives his advice for people looking to invest in a franchise and which sectors are looking to be good investments.

Over the past few years, some businesses have proven themselves to be a secure career path despite the world’s events. However, it is important to note that some sectors are certainly outperforming others. Here are the five sectors that are set to – or already are – booming post-pandemic:

E-commerce sector

There is no surprise that the e-commerce is top of this list. E-commerce not only enabled businesses to survive the rampage of the pandemic but has also unlocked vast opportunities and possibilities for entrepreneur’s post-pandemic. The sector has proven that it will not only survive in the coming years but will continue to thrive in the post-pandemic world as customers are now comfortable with shopping and transacting online. Whether you are looking to buy a web design business or a genuine e-commerce company, these investments promise to be sound opportunities.

IT sector

The IT industry supported our lives in lockdown. And it is now fair to say IT is now pretty much a main stay in our lives moving forward. Because of this, IT is great sector to invest in. In a progressively digital world, embracing a new technological era starts with educating the younger generation. As the need to be tech-savvy grows, parents seek suitable ways to encourage their children to enhance their knowledge outside of the traditional school curriculum. People also turn to coding businesses to get ahead of the curve and embrace a new technological era.

Engineering sector

The engineering sector was one industry that hold its head high. Post-pandemic. Engineers played pivotal roles in keeping industries up and running behind the scenes. Now they play a vital role in creating a more resilient future through building and maintaining national infrastructures and innovating, designing and creating new products that will profoundly improve quality of life. For example, businesses like Snap-on Tools manufactured and distributed quality tools to the automotive, marine, railroad and engineering technicians ensuring businesses continued to operate. This sector proved to be pandemic proof and is certainly one for the future.

Cleaning sector

The pandemic highlighted the importance for businesses to make sure employees are safe on an ongoing basis. Therefore, the professional corporate buyer has needed to invest in cleaning contracts for the long term. Commercial cleaning businesses are one of the big winners post-pandemic. Commercial cleaning services like The Kleaning Company, JAN-PRO and Poppies, to name a few, played a crucial roles in ensuring these key services were delivered.

HR and recruitment sector

The Great Resignation has seen employees switch careers en masse due to burnout and greater job opportunities. For businesses, retaining their top talent and ensuring their staff are happy became vital. So, outsourcing to HR businesses has been fundamental in ensuring employees’ needs are met and reducing the risk of losing people. Employers looking to snap up the new talent on the block have also invested heavily in recruitment teams. Hiring staff is considered one of the most challenging aspects of running a business, and companies regularly waste thousands of pounds and months of time just to interview people who are nowhere near fit for either the role or the company culture.

The HR and recruitment industry has massively benefitted from the accelerated digital transformation, with a record number of job vacancies and significant changes in candidate expectations, all of which will ultimately shape businesses’ strategies as they look to plan for the next 12 months and beyond. 

Paul Dodgshon
Paul Dodgshon