कोशिश गोल्ड - मुक्त
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.
यह कहानी Entrepreneur के October 2015 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Entrepreneur से और कहानियाँ
Entrepreneur US
LISTINGS KEY
This shows how long a company has been in business and how long it has been franchising.
1 min
January - February 2026
Entrepreneur US
Raise Prices or Cut Staff? What About Neither?
When times are tough, franchises don't have to make major sacrifices. They just need to rethink value.
8 mins
January - February 2026
Entrepreneur US
UNDERSTANDING THE RANKING
This is how Entrepreneur creates the Franchise 500 -and how all these brands are evaluated.
2 mins
January - February 2026
Entrepreneur US
DIARY of a Franchisee
Raul Larez owns two Batteries Plus franchises, but still has plenty of time for family. We asked him to keep a diary of one average day—so you can see what his life is like.
4 mins
January - February 2026
Entrepreneur US
FRANCHISE 500 TOP 10: Meet the Leaders of the Franchise 500
Meet the Leaders of the Franchise 500®
23 mins
January - February 2026
Entrepreneur US
Freshest New IDEAS
What's coming next in franchising? Check out these eight innovative brands, which started franchising recently—and might reach the Franchise 500 soon.
3 mins
January - February 2026
Entrepreneur US
The Marketing Genius Behind the Best Brands
It's not just about smart messaging. It's about a keen understanding of human psychology. Here's what Guinness, Kraft, Dyson, Apple, and Pringles get right—and how to become a better marketer.
11 mins
January - February 2026
Entrepreneur US
How to BUILD (and Market) a Franchise for Very Little Money
Want to turn a tiny hometown business into a franchise with hundreds of locations? The cofounder of L&L Hawaiian Barbecue, shares his story—and his secrets.
23 mins
January - February 2026
Entrepreneur US
What Can't AI Do?
As AI automates our business operations, we asked six leaders: What will humans remain indispensable to you for?
3 mins
January - February 2026
Entrepreneur US
Get the Best Out of Your Team
Your “hardest workers” might also be your biggest problem. To measure success properly, use the playbook.
2 mins
January - February 2026
Translate
Change font size

