Corporate Social Responsibility (CSR) is an automated business model. It enables social accountability to the company, stakeholders, and the public. Incorporating CSR into a strategy proves that a company goes beyond the pursuit of profit. They extend bey
Before you consider making a , you should understand all the lingo. You’ll need to know the franchise definition for lots of terms so that you can make an informed decision about the best franchise opportunity for you.
There are no laws specific to the franchise industry, but entrepreneurs should be aware of the general business regulations which extend into the sector and cover franchise operations. Here’s a rundown of the issues you should know about when it comes to franchise law.
Many UK franchises have been around for long enough that their businesses have matured, resulting in a greater number of franchise resale opportunities on the market.
If you’re interested in running your own business, it’s worth exploring the various types of entrepreneurship out there. Franchising provides a proven system and support from an established brand. It can offer the income and flexibility you’re after, with
Do you want to know the key factors contributing to a franchisee's success? We have analysed the qualities of a franchise to help you achieve your dreams.
Are you standing on the precipice of the exciting world of franchising, ready to dive in? Are you seeking the perfect business model to catapult your entrepreneurial journey into the stratosphere? Do you want to know how to choose a franchise? If so, you'
What is an ‘intrapreneur’, you ask? And how is it different from an entrepreneur? In this article, we’re going to explain the difference between intrapreneurs and entrepreneurs and outline which franchise opportunities suit these two distinct types of businesspeople.
Master franchises have become increasingly popular, especially in the franchising industry. If you are looking to expand your business globally, a master franchise can be a great way to do it.
Looking to expand your franchise in a new country, or try multi-unit franchising to grow faster? Becoming a master franchisor is a great way to grow, but it does mean handing over some control. Here are all the pros and cons of master franchising.
Franchising allows the franchisor to expand its brand and reach new markets without investing much capital. You, as a franchisee, benefit from the established brand name, proven business model, and ongoing support from the franchisor.
Starting a business from scratch can be intimidating for some however, purchasing an existing business could assist with immediate cash flow but could be expensive to invest in - or another more straightforward option is investing in a franchise!
In the UK, franchising is becoming an increasingly popular business model. As more and more business-minded individuals start their own franchise units, we thought we’d take a look at 13 of the top reasons they might be doing so. --1.
If you want to be your own boss, you better be ready to make important decisions. The first decision you'll need to make is whether you start an independent business or sign up for a franchise. Each is a unique experience and both will involve you running your own organisation.
Fear can have an incredibly negative effect on . It can prevent you from making the right decisions, stop you from taking calculated risks, and have profound effects on your attitude and mindset. In business, a small amount of fear is healthy. However, too much fear is likely to hold you back.
Have you ever considered the idea that you may be able to become a franchisee and keep your career? For some, it’s an incredible opportunity to become a business owner, without risking everything. For others, it’s a way to achieve financial security.
Franchising is a great way to expand your business, but it takes discipline and hard work to make sure that you have a concept that can be replicated in multiple locations. It's also essential for franchisees that they can run profitable franchises while following your business model.
Failure is painful for anyone to deal with but for , the failure of their business is more than just losing their investment; it's the loss of their livelihood too.Many franchisees may have chosen to invest in a franchise rather than starting an independent business as they saw it as a ‘safe bet'.
While many investors are taken by , others are more excited by the smaller, emerging franchises that may become the next big thing. Emerging franchises have the potential to exceed all expectations, or fail spectacularly, in a way that larger franchises can’t.
When you’re first , it can be difficult to establish whether they're an excellent investment opportunity or not. Important information is not always readily available, different people may give you conflicting advice, and there may not seem to be substantial differences between businesses.
Generally, the establishes how long your arrangement with the franchisor will last, and you'll be expected to fulfil these contractual obligations. However, in some cases, you may wish to terminate the contract before the term is up.
The independence of starting your own business is a dream for many, but it’s easy to forget the challenges and the financial demands and risks that come with the territory.
There are many reasons that younger, business-orientated individuals make good . However, it's not always so clear how franchising can benefit these same individuals.
Gone are the days when pets are banished to the dog house. Animal-loving Brits are gradually evolving the relationship with their pets, depending on them for friendship and a sense of satisfaction from being loved unconditionally.
Any UK driver will instantly recognise BP’s iconic green and yellow logo, and the company remains one of the most well-known and reputable oil producers in the world. However, not many consumers know who runs the business and who is responsible for its future.
Ever wondered who owns Papa John’s? Or how you can get involved with this profitable pizza delivery business that’s taken the UK by storm over the past 20 years? Look no further than this article all about Rob Lynch, the current Papa John’s CEO, and the ins and outs of starting your own franchise
The oil industry faces many challenges going forward, and all will need to ensure that they're under good leadership if they're to retain their positions at the top of the rich list.
Are you stuck in a job that you hate? Are you ready for a career change but have no idea what you should do or where to start? You’re not alone.A study by human resource firm, Robert Half UK, found that one in six workers over the age of 35 are unhappy in their job. And it gets worse.
As founder and CEO of Crunch Fitness, Ben Midgley is one of the most important figures in the US fitness and franchising scenes. Here, we take a look at how he’s succeeded in the past and what makes the future of Crunch Fitness so promising.
The UK hospitality industry provides scope for countless potentially profitable business opportunities - whether that be lodging, event planning or food and drinks services. The lucrative sector is thought to be worth between £100 billion and £130 billion (UKHospitality).
Originally uploaded on 02/12/2017. Updated on 04/04/19.The benefits of the are clear to see, but some of the issues that can affect independent businesses can also have an impact on individual franchise units.
is a staple of the British high street. Its shelves are stocked with a range of food, clothing and home products that are known for their signature quality.
Global fashion giant H&M has stores all over the world. Based in Stockholm, the Swedish company reported significant sales growth across 2017 and 2018. As well as capitalising on online sales, H&M opened 497 new stores in 2017 alone to increase its high street presence.
This year, the (BFA) confirmed that in 2018, there were 48,600 franchise units across the country, contributing over £17.2 billion and 710,000 jobs to the economy. It’s encouraging to see the industry continuing to be successful.
There’s no doubt that we’re living in a digital age. According to the Office for National Statistics, 89 percent of UK adults have used the internet in the last three months, a figure which rises to 99 percent when considering 16 to 34 year olds. Just 8.
Greggs is one of the UK’s favourite bakeries. For over 70 years, it has been providing people across the nation with indulgent bread and pastries, growing from a single store in Gosforth to a company with over 1,850 stores.
Soft skills are incredibly important, not only in the professional world, but in everyday life too. First things first, though – what actually are soft skills? Let’s look at the term in more detail.What are soft skills?Soft skills are essentially ‘people skills’.
Point Franchise
