At some stage of running a successful franchise an owner will want to relinquish control and remove themselves from the business. This is why a well-planned and carefully executed exit strategy is so important. Not only does it put the franchise owner in complete control, it helps to secure the future of the business and…
read moreA 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 moreIt was an incredibly beneficial 2 days for the NGI Franchise Funding Team who were in attendance for the first time at the National Franchise Exhibition at the NEC on Friday 6th and Saturday 7th October. Networking with similar like-minded business professionals we had many positive conversations. As well as receiving lots of interest in…
read moreThe NGI Franchise Funding team are delighted to be exhibiting at the National Franchise Exhibition which will take place at the NEC, Birmingham on 6th and 7th October. Our attendance at the show will allow us to showcase both our business finance and business planning solutions that have been designed solely for the franchising sector.…
read moreAny franchise business that has a variety of different pieces of equipment will face regular challenges in trying to keep them up to date, operating efficiently, conforming to the latest technologies and ensuring optimum productivity at all times. The cost to purchase new equipment though can be prohibitive and this is where equipment leasing can…
read moreMore and more people are wanting to step into the world of business ownership but for many it simply just remains a desire, with only the bravest actually taking the leap. Often it is questions such as, what business can I create? How am I going to make money? How will I get new customers?…
read moreThere is so much positivity in the world of franchising, as a sector it continues to see encouraging growth. It also offers a great pathway for people that want to become the owner of their own business. Investing in a franchise not only gives complete freedom but it also comes with security. An entrepreneur is…
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 moreRunning a successful franchise can be incredibly rewarding but in order to maintain maximum efficiencies you have to rely on high performing equipment. For example, if you have a fast food outlet you need fridges/freezers, cooking equipment, tills with the latest technology, screens, comfortable and hygienic furniture, air conditioning and ducting. Or if you provide…
read moreNo matter what the size of the franchise there will always be a time when cashflow problems are experienced. Keeping a constant eye on cashflow and ensuring that the business always has a positive level of free cash is vital to the ongoing success of the franchise. If you understand your incoming and outgoing cashflow…
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