There are lots of reasons why you should make time to attend a franchise expo this year, but we’ve picked seven of the best out for you. From the knowledge you’ll gain to the opportunity to network, franchise expos are a valuable resource for every prospective franchisee.
If you’re thinking about entering the franchising sector, the best place to start looking for the right opportunity is a franchise exhibition. Bursting to the brim with expert key-note speakers, domestic and international franchisors, and experienced franchisees, these events are a fantastic opportunity to develop your understanding.
Whether you’re new to the world of franchising or are looking to explore the diverse investment opportunities on offer within it, attending a franchise expo will give you all the information you need to know.
There are many different events, exhibitions and networking opportunities for prospective franchisees, franchisees and franchisors alike throughout the year. If you’ve been thinking about going, but haven’t actually done so, we’ve come up with 7 reasons you should attend a franchise expo this year:
1. Begin your franchising venture
The journey to becoming a franchisee can be exciting and confusing. Though the franchising system brings the dream of owning a business within reach, a considerable number of would-be entrepreneurs still struggle to find the confidence required to take the first step.
One of the key benefits of attending a franchise exhibition is that it helps individuals realise that their dream can genuinely become a reality. A franchising expo is a manifestation of all parts of the process and advice from all levels within the franchise world.
The industry expertise on offer is there to inspire the next generation of franchisees to trust in themselves and make the leap towards becoming a franchisee, all while providing individuals with the necessary technical information and expertise to do so.
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2. Hear from renowned professionals
Franchise expos attract a remarkably diverse range of speakers and lecturers – the vast majority of whom have been in the same situation as those attending the events for the first time.
Being able to hear the personal stories of those who have tried and succeeded makes the goal of owning a business relatable, realistic and realisable. It makes the process of franchising plain and simple and helps us to understand that successful franchisees are ordinary people just like you and me.
Attending a franchise exhibition will give those interested a chance to hear informative lectures, educational presentations and attend engaging Q+A sessions with industry experts and representatives. You’ll get insight into big brands and their success stories, plus experts pointing you in the right direction for your franchise venture.
3. Gain advice and insight
Attending a franchise expo means you can benefit from industry expertise on a wide range of topics, especially advice for a prospective franchisee.
The British Franchise Association (BFA) often delivers prospective franchisee seminars on topics such as:
- What is a franchise?
- The benefits of franchising as a means of starting your own business
- The advantages and disadvantages of franchising
- What is a good franchise opportunity?
- How to finance the right proposition
- Understanding the franchise agreement and the importance of independent legal advice
- The external support and advice that is available
Franchise expos can also offer advice clinics, in which experts look at your business model and offer you their take on things like funding and assessment.
>> Read more:
- Is the Franchising Model Right for Me?
- A basic guide to franchising
- Franchising: An Exciting Alternative To Retirement
- Who can own a franchise?
- Franchising 101: The basics
- Understanding the Foundation of Franchising
- Franchising is on the rise: here’s why
4. Make connections
One of the biggest benefits of franchise expos is networking. As with all commercial structures and systems, networking plays a vital role in determining what opportunities and information are open and available to individuals.
While the saying "it's not what you know but who you know" is something of a cliché in the modern business environment, it certainly contains an element of truth.
It is rare that so many business-minded individuals gather in one place with the express purpose of discussing the franchise system, the franchise model, and franchising business opportunities. This makes franchising exhibitions a priceless networking opportunity and a chance to meet face-to-face with individuals that, one day, you may enter into a partnership with.
5. Further your knowledge as an experienced businessperson
Franchise exhibitions aren’t designed exclusively for complete newcomers to franchising – there are plenty of seminars, lectures, workshops, and Q&A sessions for more experienced franchisees, too. At a franchise expo, you can meet individuals at every stage of the franchising process, gaining advice for the ongoing development of your franchise business.
Industry advice is available for prospective franchisors who currently run an independent business and are considering the franchise model to expand and grow, delivering from a franchisor’s viewpoint and providing valuable lessons.
The British Franchising Association often delivers prospective franchisor seminars on topics such as:
- The franchising process - Getting started
- The franchise agreement – Legal considerations
- The franchising process - Ongoing development
- Raising finance
- A franchisor’s viewpoint
- The franchising process - The future
- Is franchising right for your business?
This diversity of a franchising exhibition makes for an exciting event, providing valuable lessons to those on every step of the franchising ladder.
6. Leave with confidence
After gaining all this advice, expertise and inspiration, you can be rest-assured that a franchising exhibition sources reputable information. Franchise expos like the British & International Franchise Exhibition and The National Franchise Exhibition are populated exclusively by British Franchise Association (BFA) accredited franchises.
In the UK, businesses in the franchising sector are monitored, regulated, and accredited by the BFA. This is the governing body that represents the franchise industry in the UK. To become a member of the BFA, a franchise business must adhere to a set of standards that establishes best practice in the franchising world.
This is a non-profit organisation responsible for ensuring that its members conduct their business according to a strict code of ethics and in a transparent and honest manner. They provide impartial information to franchisors and franchisees to enable them to grow in a positive way.
This means that all the franchises you encounter have proven they operate a worthwhile and ethically driven franchise, allowing you to enjoy the event with complete confidence.
7. Keep coming back
Franchise expos take place all over the globe throughout the year. We’ve created a run-down of some of the best events in the franchising calendar to help you decide. Click here to see what they offer and how you can attend.
Book your place at a franchise exhibition today!
On your journey to become a franchisee, it’s important that you make an informed decision based on research before signing on any dotted line. Whether you’re a first-timer who is thirsty for your first taste of the franchising sector or you’re an experienced franchisee who is looking for advice and assistance growing your existing business, a franchise exhibition is the best place to be.
Franchise expos are enormously useful to all levels of the franchising world, providing network opportunities and accredited advice to potential franchisors and franchisees, bringing like-minded people together to share and learn.
So, check our calendar and book your place to enjoy the next franchise expo happening near you!
The Editorial Team, Point Franchise ©