To run a successful franchise business, you must have the right infrastructure in place and essentially, outstanding onboarding and training. Receiving the correct training at the start rapidly reduces the time for a new franchisee to become established and enables them to quickly start to generate revenue (which of course is also of benefit to…
read moreOn 24th and 25th November 2022 we were delighted to be able to attend the BFA Annual Conference and Awards Dinner held at VOX in Birmingham. Showcased as bringing all corners of the franchising community together, it provided a perfect opportunity to learn about the latest innovations, reflect on all the positive success stories and…
read moreMany people believe that the world of franchising is a relatively new concept. However, it has actually been in existence for well over 55 years. It continues to be one of the most popular and affluent investments that an entrepreneur can make. Becoming a franchisee can fulfil all the dreams of a want-to-be business owner…
read moreWe can probably all agree that there is more and more uncertainty when it comes to trying to plan for your financial future. In recent months we have seen the cost of living rise drastically and after regular monthly outgoings there is often very little spare to put aside for long term savings. A standard…
read moreWhen you take the decision to become a franchisee you have all the benefits of being your own boss but with the backing of a well-established business. Taking the jump from being a well-paid employee to a business owner is not an easy process but by going down the franchise route you are backed by…
read moreFranchising continues to be a key growth industry for the UK economy. It is not just the major UK brands; many SMEs are exploring how a franchising model can help them maximise their business potential. We all know the past 3 years have been some of the most difficult times to navigate through. However, the…
read moreWhen you have built up a successful business and decide the time is right to go down the franchising route, arguably the most challenging task will be to find the right franchisees. The process is very similar to when you are looking for new employees, you want a person that you can trust, that has…
read moreIn order to build an attractive franchise package that will encourage people to invest in your business it is vital to be able to demonstrate that your franchise is viable and profitable. The best way to achieve this is to run a pilot franchise. Not only does the pilot enable the franchisor to establish that…
read moreThe franchise agreement is arguably the most important thing to get right in the whole process of becoming a franchisee. It is normal for an agreement to be written in favour of the franchisor, so it is vital to use a specialist franchise solicitor to review the documentation and explain it to you in plain…
read moreMost people assume that making money from franchising a business comes from the franchise fees. However, this is not the case, in fact usually the franchise fees are a loss leader. The money comes from royalties, the ongoing fees that the franchisees pay to the franchisor on a regular basis as either a flat rate…
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