Try GOLD - Free
New Frontiers In Franchising
Entrepreneur
|October 2015
Starting a concept from square one isn't easy. But being first to market can put you one step closer to becoming the next big thing.
With fast-evolving consumer technology and a broadening palate, the franchise world today looks very different from that of a decade ago. Cell-phone repairs. Hawaiian barbecue. Lobster food trucks. They’re all part of the movement toward anything new and everything mobile.
Opening a burger franchise is not easy, but at least there’s a template: Do what the other guys did before you, but do it better and don’t make the same mistakes. Pulling a whole new sector into the franchise industry or creating a concept from scratch? That’s a different challenge altogether.
Marcel Fairbairn knows this well. He recognized the potential of LED lighting more than a decade ago, despite underutilization by consumers and lackluster marketing by retailers.
The problem? People were using LED bulbs like incandescents—a 100-year-old technology—which is a bit like buying a supercomputer and using it only to play Pac-Man. LED bulbs are available in almost infinite combinations of color and warmth. Utilized with the right lighting systems, they’ve led to a new era of in-home lighting design, in which a room can have subtle violet hues, or the light intensity can change throughout the day. But go to a big-box store, and you’ll find LED bulbs almost all within the tiny spectrum of incandescents.
Back in 2005 when Fairbairn, who owned a lighting company, saw the prices of LED technology dropping and the migration of the tech into homes and businesses, he started Wellington, Fla.-based LED Source. Five years later he franchised the concept, bringing high-quality LEDs and professional lighting design to businesses.
It took another five years to build his brand to 15 units. Now, growing pains behind him, Fairbairn anticipates a burst of expansion in the next year, saying the public is finally ready to realize the potential of LEDs.
This story is from the October 2015 edition of Entrepreneur.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Entrepreneur
Entrepreneur US
Why Junk Removal Is Booming
As e-commerce grows, so do our garbage piles.
2 mins
November - December 2025
Entrepreneur US
10 Hottest Trends in Franchising Today
Good news: You can buy a brand in the hottest categories! We list 600 of them.
1 mins
November - December 2025
Entrepreneur US
How to Hire the Perfect Employee in 6 Steps
Founders are often terrible at hiring. We have 40 years' worth of data on how to do it right.
7 mins
November - December 2025
Entrepreneur US
HOW TO RAISE MONEY IN AN AI-OBSESSED WORLD
If you're building an AI company, the fundraising rules have shifted. Here's what it takes to succeed.
2 mins
November - December 2025
Entrepreneur US
Reinventing the Flower Shop
French Florist was once a struggling florist shop in Los Angeles. Here's how it transformed into an innovative franchise that's taking on the industry.
3 mins
November - December 2025
Entrepreneur US
Why Personal Care Is Booming
It's on people's minds, and good for the bottom line.
2 mins
November - December 2025
Entrepreneur US
Why Pet Franchises Are Booming
Our relationships with our pets are changing.
2 mins
November - December 2025
Entrepreneur US
THINK OUTSIDE THE BUBBLE
As an investor in emerging markets, George Rzepecki looks for opportunities—and founders—that don't fit the Silicon Valley mold.
2 mins
November - December 2025
Entrepreneur US
The Top Franchises for Veterans
If you've served in the military, these 150 franchise brands really want you!
1 mins
November - December 2025
Entrepreneur US
Why I Keep Hiring the Same People
I'm a serial entrepreneur, and I owe my success to keeping my team consistent-from company to company.
2 mins
November - December 2025
Translate
Change font size

