Franchising: Your First Steps

Becoming a franchisee has always been an attractive way to start your own business. For the many people made redundant during the recession, franchising is a great way to become your...

Franchising is sometimes referred to as a ‘business in a box’. It is, in fact, much more than that, but the business in a box concept does conjure up some essential...

Buying a franchise is a big commitment. It may be the single largest purchase a person makes after buying a home. In some cases, a franchisee will be using their life savings...

Business format franchising contains four essential elements: * The franchisor allows the franchisee to use the name associated with the franchisor. * The franchisor exercises continuing control over the franchisee. * The franchisor provides...

An important aspect of becoming a franchisee is how you finance your venture. The majority of prospective franchisees won’t have the necessary finances required to start up a franchise, so will...

Many people have aspirations to set up their own business, using their extensive sector experience and thorough knowledge of both their target market and product line or service to their advantage....

There has been much recent comment in the press about the difficulty of obtaining funding for business. This may have put off potential franchisees considering the purchase of a franchise resale. Often...

Entering into a franchise agreement usually means a franchisee will make a substantial investment and assume a number of legal obligations. While no substitute for taking legal advice on the particular franchise...