Latest Business Basics articles
The Financial Landscape of Franchise Fees
Franchising has become a popular business model for entrepreneurs. It offers a proven system, brand [...]
The Franchisee's Path to Success: Mastering the Top Qualities of a Franchise
Let’s look at what are the essential qualities you need to own a franchise. 1. Passion and Commitment Passion fuels [...]
How to choose the right franchise
There are so many franchises to choose from that it can be a little overwhelming. In order to help you out, we've compiled this brief [...]
Franchisor Tips: How to Build a Profitable Franchise in Two Years
Whether you’re a franchisor handling multiple business locations at once, or a franchisee just starting up a new unit, you want to see [...]
Business Basics: How to Operate as a Sole Trader
If you’re a self-employed person running your own business, you automatically become a sole trader. Some business owners and franchisees [...]
Business Basics: How to Setup a Limited Company
Whether you’re running a franchise or running your own business, the basics can be tougher than they seem. Figuring out how to setup a [...]
Business Basics: Tips for Becoming a Payroll Pro
Payroll is an integral part of running your own business, and running it smoothly. Paying your employees correctly and on time is an absolute [...]
Business Basics: Tips for Becoming an Invoicing Pro
A successful invoice ends a project on a high note, ensures timely payment, and potentially even secures future work. With our simple set of [...]
What Challenges to Expect During Your First Year as a Franchisee
Your first year as a franchisee is likely to be very exciting and daunting in equal measure. It can be tricky to adjust as life to a [...]
What's the Best Bet: A Big-Name Brand or a Niche Franchise?
If you’re considering becoming a franchisee, you may have found yourself wondering what the safest franchise option is: a big-name brand [...]
Is Franchising Risky?
When you start running your own business, you want to avoid potential problems if you can. Joining a franchise can help you mitigate against [...]
Jargon Busters: Understanding the Most Common Accounting Lingo in Franchising
Whether you’re running your own business offering financial services or not, you’ll need to have a good understanding of [...]
Why the Ups and Downs of Franchising Can Feel Like a Rollercoaster Ride
What’s it like to run a franchise business? It’s the question on most prospective investors’ lips. The truth is, it’s [...]
5 Things People Will Never Tell You About Running a Franchise
What is it really like to run a franchise business? The question has probably been on your mind if you’re considering the model. In this [...]
Franchising 101: The 4 Stages of Franchise Growth
As a franchisee, your business will go through four distinct stages during its franchise growth lifecycle. We’re breaking down each one [...]
12 Reasons Why Anyone Can Run a Franchise Business
Are you interested in becoming your own boss but apprehensive about getting started? We believe there’s no reason to delay your [...]
Franchising 101: The Importance of Franchise Brand Consistency
Brand consistency is a crucial element of any good franchise network. It’s one of the most important parts of buying into a franchise, [...]
Franchise Dictionary: Most Common Franchising Key Terms Defined
Like many industries, the franchise world has its fair share of technical terms, phrases and acronyms. When you’re first exploring the [...]
National Entrepreneurship Month: 7 Business Basics to Master
Interested in running your own business? November is National Entrepreneurship Month, so we’re exploring the seven business basics [...]
Franchising 101: Beware of 'Red Flags' When Buying a Franchise
Buying a franchise business can be a great way to become your own boss while working under a recognisable brand with an existing customer [...]
Franchising 101: What is a Franchise Operations Manual?
If you’re new to franchising, you’re probably wondering what a franchise operations manual is and why it’s so important. In [...]
What Is Multi-Level Marketing?
Ever wondered what multi-level marketing (MLM) is? Here, we take a deep dive into the business model, looking at its pros and cons, as well as [...]
Is There Really Such a Thing as a Joint Venture Franchise?
Whether you’re new to the franchising world or a seasoned professional you might be interested if there is really such thing as a joint [...]
Franchising 101: Managing Redundancy Like a Pro
No business owner wants to make staff redundant, but if worst comes to worst, you need to know how to handle the process efficiently, [...]
Franchising 101: How to Build a Budget For Your Franchise (Part 2): The Steps You Need...
In this Franchising 101 article, we take a look at why tracking your expenses and building a budget is so important and how to build a budget [...]
Franchising 101: How to Build a Budget For Your Franchise (Part 1)
Learning how to build a budget for your franchise is one of the most important things for any new franchisee to get to grips with. A good [...]
Why is a Proven Business Model So Important in Franchising?
At Point Franchise, we talk about ‘proven business models’ a lot, but what does the phrase really mean? Let’s find out once and for all [...]
Get Yourself Ready to Invest in a Franchise in 12 Months
If the franchise world appeals to you, but you don’t feel ready to become a franchisee just yet, we can help. Below are some steps you can [...]
The 3 Primary Types of Franchise Systems
Did you know there’s more than one type of franchise system? Here in the UK, most franchises use one of three formats: the business format [...]
4 Elements of a Successful Franchise
There isn’t one recipe for a successful franchise, but many of the world’s biggest and most successful franchises have lots of things in [...]