have your say: Dave Thrasher
5 Ways to Prepare Your Home Services Business for Industry Trends in the New Year Year after year, industries see change and growth in a variety of ways and businesses learn to adapt along with the evolving times. Since the start of the global pandemic in March 2020, these changes and growth have been at an all-time high across every industry to keep up with what the world was facing. The home services industry was no different – but the changes and experiences it faced put the industry on a positive trajectory. And as we prepare for the conclusion of another year, we look toward the future and where we expect to go. The start of a new year means it is time to evaluate current business strategies and plans off of two things: what worked or didn’t work and where your industry is heading in the year to come. Here are some business strategies and tactics to consider tapping into so you can welcome and adapt to industry trends in the new year.
Embrace the Expected Continued Growth of Home Services The home services sectors saw significant growth in 2020 and 2021, largely due to the pandemic and people spending more time at home. Barring an economic downturn, the industry will continue to experience bullish growth in 2022. As home prices continue to increase and new home inventory remains low, it’s probable that homeowners will continue to invest in their existing properties. Businesses should always consider ways to stay in front of potential setbacks such as a pandemic or an economic recession. 16 Franchising MAGAZINE USA
