How to become a successful franchisee: things to know before you get started There are many benefits to starting your own franchise and for many, it is a lifelong dream come true. While franchising removes many of the challenges of starting a business from scratch, there are of course many things to consider to ensure […]
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If you are looking to franchise your business, or to increase the number of people interested in becoming a franchisee, it is important to consider what you are offering. While franchisees will look at which franchises will be profitable, they also look at what support will be provided to them, the scope for learning and
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Have you ever wondered what franchising is and if it is something that you should look into? Franchising is when the franchisor (owner of the brand) grants access and rights to the franchisee (person who wants to set up a unit) to use their trademark name to sell their products and/or services. A lot of
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A franchise prospectus or franchising prospectus is the marketing material provided to promote your franchise to prospective franchisees. Usually this information will be sent immediately following an enquiry and whilst it does not contain full details of the business and legal agreements it needs to contain enough information to inform prospective franchisees so they understand
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Some UK franchises you can operate as a one-man operation. However, others will require you to have staff. Examples of this could be care franchises. Hiring staff can be expensive and time consuming. When franchising a business in the UK, the average cost for recruiting in the UK is £3,000. And it can take up
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Have you created a great new business concept, grown it locally organically and now are considering franchising a business to grow nationally and/or internationally but asking yourself who to franchise a business idea? This is a nice position to be in and is very typical of the beginnings of many successful franchise businesses. Innovating a
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How to Start a Franchise: 4 Things That Successful Franchises Have in Common When it comes to starting a franchise business or franchising your business, there is no secret recipe for success. You might think that cleaning franchises have very little in common with food and drink franchises, but this is not true. However, the
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Considering franchising your business in the UK? Please see below the top 5 reasons to franchise your business; Rapid growth – Franchising a business can lead to exceptionally rapid growth for your business. Compared to organic growth franchising is an extremely low cost and potential fast way to expand your business. Flat management structure –
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So you are a very experienced entrepreneur and have both grown a very successful business, perhaps even being the leading company in your field, so why use a franchise business consultant to franchise your business? The main reason is simple, experience. Franchising a business properly is very complicated and if not done correctly can lead
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When it comes to expanding your business, there are two options that you have: opening a new store yourself or to franchise my business UK. The latter has several, significant benefits but many business owners struggle on how to franchise or worry about whether they will have any success with their new expansion model. So,
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