Guidance

YES, it is! The sport and recreation sector has seen a huge rise in interest from all ages and levels of sporting ability. To put this into context, one in every seven people within the UK are now members of some type of gym. The evidence is here for all to see, the British public are far more incline to splash the cash and invest their valuable spare time into sporting activities to either maintain the healthy lifestyle, lose weight or gain fitness. This is only further enhanced with the fact t...

Franchising is a big deal in the UK, with it contributing over £15bn to the UK Economy. Franchising presents a fantastic avenue for would be entrepreneurs to make the leap into the business world. Investing in an Established franchise model does come with added benefits such as the unrivalled support services, established branding, ongoing franchise training and the opportunity to follow a proven model that has made money for other franchisees within the UK. Franchising has always been an attrac...

18 years on from the ‘Millennium Bug’ and the internet is still thriving, so much so that it’s now created its own booming sector within the franchise industry. The internet has come a long way during the past 20 years or so, boy has it grown!  The big global online web has completely revolutionised the way in which we operate on a day to day basis, no more so than retail businesses. This has become ever more apparent with the endless closure of high street shops, the reason why you ask? Be...

There’s no big surprise that our population is ageing dramatically as people are living longer and enjoying fruitful lives. Why is this happening though? Two big contributing factors to support the explanation is that of a decline in birth rates within the UK and the natural improved life expectancy that we are witnessing as a nation. Research has proven that a vast amount of older people would prefer to live independently within the comfort of their own home. Unfortunately, this can not alw...

The advantages of franchising.. The beauty of franchising is the fact that there are so many flexible options available to cater for every individual need. For example, purchasing a franchise within the UK doesn’t necessarily mean you have to work the standard 9-5, 5 days a week. Oh no, franchising offers part-time opportunities, work from franchise opportunities which then have the option to expand into full time franchising if you wish.  You will tend to find that part-time franchise...

The Pet franchise sector is booming and there’s no surprise when it was estimated that 40% of UK households have pets! For a pet based franchise, these numbers are really encouraging and show the true potential of setting up a pet based franchise business within the UK. This isn’t a fad, our love affair with pets is here for good.  As the UK moves closer to half of all households in the country owning pets, the pet industry will only continue to grow. This then opens a huge opportunity wit...

Are you ready for GDPR and will it affect the Franchise industry? What is GDPR? Well it stands for Grim Devilish Petrifying Regulations…. I jest, it doesn’t mean that, but to those that are not fully prepared, it may seem like a petrifying and grim prospect. GDPR stands for The General Data Protection Regulation, a regulation by which the European Parliament, the council of the European Union and European Commission intend to strengthen and unify data protection for all individuals within the Eu...

It is a big step from deciding to buy your dream franchise to actually opening your doors for business and, for many prospective franchisees, one of the biggest challenges is approaching a lender to fiance your dream franchise. Before you prepare a business plan for your franchise or talk to a franchise finance lender about funding, there is a lot of work to be undertaken first. Essentially, a prospective franchisee will need to undertake research on your chosen franchise, making sure that it...

The thought of potentially taking ownership of a franchise may be a rather daunting process, but in reality, it’s actually a great method to starting a business with an established reputation and brand name. So, what is a franchisee? A franchisee is an individual that purchases the license from a Franchisor that will in turn grant them the right to ‘replicate’ their established franchise opportunity. The Franchisor will allow the franchisee or investment group to operate with the Franchisor’s tr...

1) Dedicated Premises Based Opportunities A Dedicated premise based opportunity requires a specific space or unit to operate from. These usually require centres where products can be manufactured and stored, ready to be distributed to customers within their franchise territory. This could be anything from making signs, blinds and selling mobility scooters to the elderly. Again, it’s important to note that franchise opportunities that require a dedicated premise will entail higher overheads with...

So, you’re interested in buying a Franchise? But don’t truly understand the extent of how much capital is required to fund your dream business…. Let us break this down for you. Franchises completely vary depending on the sector and type of franchise opportunity, some are work from home and others may be van based franchises, kiosk franchises, retail franchises or office based franchise opportunities. Naturally a retail based franchise would incur greater costs than a work from home franchise opp...

Where do I begin? If you can find something you love to do, you do it well, and you can make money doing it through being your own boss, you've found the sweet spot. That;s easier said then done, the challenges you may face are as follows: How do i exit my current job? Do I have enough funds/backing to set this up?Do I have the motivation to make that leap? For once, this is one of those articles where it's not just a case of me advising you what to do purely based on common sense and what I...