Investing in a proven franchise is the tried and tested route to becoming your own boss. From business and professional services and retail to childcare and education, franchises come in many forms.
There are currently over 900 franchise brands operating in the UK, many of which are looking to grow their businesses by recruiting ambitious franchisees.
So you want to start your own business, but you have concerns - after all starting your own business is risky...
Out of all the businesses started in the UK, more than half don't even survive past the first 5 years.
There is a safer option, 97% of franchises are profitable, with less than 1% closing their doors due to commercial failure. So then the question is "What makes franchise owners so successful?"
Choosing to become a franchisee has many benefits including
Training, Financing, Marketing and Advertising and Support.
Training - When you buy a franchise you don't have to learn everything the hard way. Instead you will provided with everything from an operations manual, which can contain every step in the development of your new business, to training at the company headquarters and on site training.
Financing - Getting finance for your new venture is also easier when you go down the franchise route. With a tried and tested formula and specialist franchise bankers available to you, getting finance for a franchise is a far simpler proposition than for a stand alone business.
Marketing and advertising - Going solo means creating your own brand from scratch, finding the best channels to market your business through trial and error and paying exorbitant sums to spread the word. When you buy a franchise this is largely done for you, the learning curve has already been overcome and your brand is already known
Support - going it alone can be scary and difficult. With a franchise you have a support structure in place, to help you build and grow your business.
These are just a few of the great benefits of becoming a franchisee, other benefits include: a track record of success, real estate and construction assistance, purchasing power, operational assistance.
Knowing all this, you will not be surprised to hear franchising is thriving.
operating around the UK
franchise owned in 2015
employed by the industry
contributed to the UK economy
Does it sound right for you? Could you be a franchisee? Whoever you are, becoming a franchisee could indeed be an option for you.
You could be an adult of any age. 20% of franchisees who started their business in the past 2 years were under 30.
Do you have small kids or a simply want to work from home? One third of franchises are home-based. Want to work in an office or on the road - there are franchises that cater for all these needs and desires. Where can you go with a franchise? There are incredible growth opportunities. 29% of franchisees run multiple units.
Find out how to get started with franchising with out "getting started" guide.click here
New articles added every week
Hand picked franchise opportunities just for you
First class help and advice for franchising and business
We have the industries best contributors on board
Inspiring and insightful franchise case studies