The Future of Franchising
The Future is Here!
Chat GPT, AI, and even in franchises. There are always new innovative ways to be improving technologically in the franchising industry. Plenty of popular franchise brands have now created a zero human contact or interaction concept. This allows convince, safety to employees and customers and business profitability.
Robotic Workers???
That's right! Some franchise brands, like Bobacin, have started to use robotic baristas. Bobacin is a Boba Tea restaurant concept that has kiosks to order boba tea creations. Once these orders are placed, they created by a robotic barista! This really is the future.
Another example of zero human contact or interaction is Brooklyn Dumpling, which is a new up and coming franchise along with Bobacin. Brooklyn Dumpling is a grab and go restaurant concept that offers your favorite diner staples crafted into dumplings! Their technology allows you to order your dumplings through a kiosk, that are then delivered into an automat locater system that keeps food hot or cold, ready for you to pick up. Talk about customer connivence!
Plenty of brands have joined the futuristic trend with incorporating online ordering, apps, and kiosks. These help boost brand connection and creating an easier ordering process!
These examples of innovative technology in the franchising industry are just the beginning of what is to come! The time is now to join the future of franchising.
5 Ways to Evaluate Your Franchise Options
A great way to go and figure out whether or not the franchise you’re thinking about is the right one for you is to just go into a location and take a look around. Watch how things run. Talk to some of the employees or the customers. Figure out what day to day operations are like. If you have a big problem with the day to day business for any reason then it probably isn’t the right franchise for you. But if you go there and think that the business is great then it’s probably a good fit.
How to Perform Meaningful Due Diligence When Investigating a New Franchise Opportunity
Before entering into a franchise relationship, it is absolutely crucial for prospective franchisees to thoroughly investigate their proposed franchise opportunities.
Best Franchises for Young Entrepreneurs
Politicians, academics, and corporate leaders alike love to proclaim that the "dreams of the youth" will drive our country's economic future. It's a fine sentiment, to be sure, but many of these same leaders, blind to the realities of the modern American (and global) economy, seem to incorrectly believe that these youthful dreams include following the increasingly unreliable path of earlier generations. Get a clue!
