Despite franchising being worth over £15 billion to the UK economy, many people do not understand what a franchise is or what sort of businesses operate as franchises, so what is a franchise and what types of franchise can someone operate? There are several forms of franchising including using franchising to distribute films, music and
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Five good reasons why franchisees should develop a business plan
by Partner Content • • 0 Comments
You’ve chosen the perfect brand to invest in, you’ve completed your due diligence and are well on your way to setting up a franchise. So, what next? Well, the first thing you should do is write your franchise business plan. Many entrepreneurs believe that a business plan is not needed when buying a franchise, but
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How to start a franchise business
by Ben Lobel • • 0 Comments
Franchising has an important role in the overall economic evolution of a country and, for companies, it represents a suitable method to expand their business. Those investors who want to know how to start a franchise business can read this simplified guide, complete with examples from four different countries. Franchising: how it works Franchising is
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Five good reasons why you should consider opening a franchise in 2017
by Ben Lobel • • 0 Comments
The journey to becoming the boss isn’t easy. Hopes and dreams of running your own business often pale in comparison to the worry and stress that go hand in hand with being an entrepreneur. But what if you could have all the benefits of being a business owner with the support and backing of an
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The true cost of running a franchise
by Owen Gough • • 0 Comments
Franchises can cost anything between £8,000 all the way to £4 million, the average cost of franchising is around the £50,000 mark. When investing, there is an initial cost, but there is also other costs that you will need to pay, in addition to the purchase of the franchise itself, you will need to pay out
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The rise of day traders and social trading
by Owen Gough • • 0 Comments
No matter what form of investment you prefer (stocks, bonds, Forex, cryptocurrencies, etc.), the past couple of years have been frantic with activity. Most markets have been growing at incredible rates, while individual volatility has rarely been higher. As valuation fly all over the map, these fluctuations have given incredible opportunities to day traders. If
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Small business franchising: The easiest way to grow your company?
by Ben Lobel • • 0 Comments
Small business franchising could be considered a sector of business rather than an industry and is really a method of distribution. Franchising is held under an agreement between parties which can also be termed as a license agreement. However, a franchise agreement usually involves a combination of fees paid to the franchisor, systems and methods
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Investing in a franchise: Taking on a greeting card operation
by Ben Lobel • • 0 Comments
Gayan Weerakkody was a former BP forecourt manager in London before investing in a franchise at greeting card company Card Connection. Here, he discusses what the learnt about the process of taking on a franchise and gives advice to other would-be franchisees. How did you find out about the franchise and what were you doing before? For several
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What is a franchise? Advice for small businesses
by Ben Lobel • • 0 Comments
What is a franchise? For would-be entrepreneurs, a franchise is a self-employment business opportunity. You start your own company trading under an established brand with guidance and support on everything from marketing to financial planning to HR. For small business owners, franchising is a way to expand more quickly and cost-effectively than opening further company
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How a former social worker capitalised on a franchise opportunity
by Ben Lobel • • 0 Comments
Taking on a franchise opportunity is a popular choice for would-be business owners. Operating a franchise, business owners can be assured of a tried and tested business model with demonstrable results, and start-up costs need not be astronomical. According to the BFA, the franchise sector in rude health and continues to prosper; the contribution of franchising to the
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