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a very realistic development
given the scope of the stimulus bill and some of stated new
policies of the current administration regarding health care
and energy. In fact, potential small business opportunities
emerging from the stimulus bill are becoming more obvious,
(particularly in renewable energy) and appear to have a very
good chance to create some viable franchising opportunities
for entrepreneurs.
Heath Care:
According to what I have read, the economic stimulus package
includes nearly $20 billion dollars to help digitize or
computerize health and medical records in the United States.
I would think this could present some serious potential
opportunities for small business owners and entrepreneurs
because obviously private companies will become involved in
providing services for this enormous and long term project.
Even with
the recent news that Sam’s Club and Dell intend to enter
this market by selling software to digitize medical records
doesn’t mean there will not be plenty of other niche
opportunities and markets available to develop and service.
According to recent stats only about 17% of doctors offices
are currently digitizing medical records. And with nearly
800,000 active physicians in the United States, many with
small to medium size practices, their will undoubtedly be
opportunities for smaller players to develop business
franchising models that can service business opportunities
that emerge from this program.
Renewable
Energy:
From what I have read and heard nearly $60 billion of the
$790 billion stimulus bill will be spent on alternative and
clean energy projects and other environmental related
projects and research. This includes billions of dollars for
greening government buildings, weatherizing homes and
businesses, and providing significant tax credits and grants
to help fund and subsidize renewable energy applications
across the board.
Surely this
type of massive government investment will almost certainly
spawn a number of new franchising concepts to service the
emerging business and consumer needs that will be created by
this commitment. This would conceivably include the
development of
solar power franchises
that would provide installation of photovoltaic panels for
residential and commercial applications. Or green consulting
franchises that would provide expertise to commercial
businesses on how to “go green” or conserve energy. Or maybe
new home improvement related franchise businesses will
emerge that specializes in weatherization and residential
energy efficiency.
In summary
it’s going to be an interesting time to see how the
franchising industry will adapt and ultimately capitalize on
the potential business opportunities and new markets that
will be created and supported by the stimulus bill
spending. My guess is that it should ultimately produce some
viable and profitable franchise companies that may someday
become familiar household names and brands.
About
Author:
Ray Haiber
has 10 years experience as a professional
Arizona
Business Broker
and franchise consultant. Visit here to research and buy
franchises
for sale
throughout the
USA
including master and multi unit franchise opportunities.
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