A business plan is incredibly important. It should demonstrate how a franchise will make money, how growth plans will be facilitated and what the business will look like in the next 5 years. In a checklist, a business plan should include: Description of what the franchise will be doing How success will be achieved What…
read moreRunning a successful business is incredibly rewarding and brings broad benefits. However, there will be a point in time when the business owners fulfil their existing growth plans and then need to evaluate what is best for the next period of growth. How can they capitalise on the success built, how can they reach a…
read moreAny successful franchise will need to embrace growth periods. When success has been achieved and the franchise is performing well it can be easy to relax and settle with what you have. However, a franchise should actually embrace the growth periods and keep pushing for future growth, why stop when business is good, instead make…
read moreSometimes, to assist with working capital, there will be a need to quickly secure a loan for your franchise. With so many lenders available it can be a minefield knowing which direction to turn. Preparation in these situations is key to a successful application. Prior to securing the funding there are considerations that a franchise…
read moreThe NGI Franchise Funding team are delighted to be exhibiting at the International Franchise Show for the very first time. We have chosen this event as the perfect platform to showcase our business financing solutions and our business planning services. During the show we will be on hand to connect with business professionals who are…
read moreA business plan is one of the most important documents for any company. It is a detailed report of what the business is, what it can provide and what the future looks like. The plan will need to provide a clear understanding of the strategy that will be adopted by the business and what its…
read moreWhen establishing a new business, it is crucial that the plans are clearly documented and that you have a strategic business tool which can not only help you during the start-up phase but can also support you moving forward. This is why a business plan, which defines both short- and long-term goals and also develops…
read moreWhen planning for a car journey there are many tasks to complete before setting off. You need to plan your route, check the condition of your vehicle, ensure you have enough petrol – you never just jump in the car and drive. Preparation is key to a comfortable and relaxed journey to ensure you reach…
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