As a franchisee, you’re neither an employee nor a completely independent boss, which can have an effect on various aspects of your personal life. While working mums can generally have time off after the birth of their child, the situation is slightly different in the franchise world.
Growing your business doesn’t have to be difficult if you’re part of a franchise; in fact, many franchisors help their investors set out an ongoing launch schedule from day one. If you’re wondering how to be a multi-unit franchisee in the UK, take a look at our eight top tips for success.
If you’re interested in launching or joining a franchise, you probably have a vague idea of the role of a franchisor and a franchisee. But failing to carry out all your responsibilities once you’ve signed on the dotted line could have disastrous consequences - both for you and the franchise.
Collected data can be a great asset for a business, but keeping customer information safe should be a priority. Understanding how to take care of personal details and adhering to general data protection regulations helps franchisees build relationships based on trust and loyalty.
The franchise industry is famous for its many B2C businesses: McDonalds, Subway and KFC, to name a few. But you could be missing out on a huge opportunity if you don’t consider joining a B2B franchise. In this guide, we’ll cover the top advantages of a B2B franchise investment.
If you’re considering becoming a franchisee, you may have found yourself wondering what the safest franchise option is: a big-name brand or a smaller, more niche franchise. The answer depends on your priorities.
When you start running your own business, you want to avoid potential problems if you can. Joining a franchise can help you mitigate against some of them - but is franchising risky as an investment venture? Let’s weigh up the pros and cons.
Are you coming to the end of your franchise agreement term? If you are - or if you’re just thinking ahead - it’s worth considering the franchise renewal process. Many investors are keen to know whether franchisors automatically renew their contracts and whether there are any franchise renewal fees.
Brexit has prompted considerable uncertainty and concern for the business world, and many entrepreneurs are now facing challenges as they find their way through a changing economic environment. Here’s our guide to the impact of Brexit on franchising.
A successful invoice ends a project on a high note, ensures timely payment, and potentially even secures future work. With our simple set of tips for successful invoicing, you’ll be hitting the mark every time in no time at all.
As lockdown rules start to lift across the UK, businesses are finding creative ways to use outdoor space and maximise their revenue while inside mixing is still heavily regulated.
As the UK gradually emerges from the Covid-19 pandemic, bosses are focussing on business recovery post-lockdown. We’re getting more and more freedom now, but there are still lots of rules in place.
Say the word ‘franchise’ and most people immediately think of the quick service restaurant (QSR) sector - brands like McDonald’s and Burger King. In our franchising mythbusters article series, we look at the common misconceptions of franchising.
Lots of restaurants and shops opened their doors after the government’s latest roadmap milestone on the 12th April, and many more are planning an exciting comeback. After so long away, the thought of starting to prepare your business for life after lockdown is fairly daunting.
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 franchisee, particularly if you’ve never spent time as your own boss.
It’s easy to dismiss franchise awards when you’re busy running your own business. But making time to apply for prize-giving ceremonies could have a positive impact across various aspects of your company. Here are the top 10 reasons why you should put this important process onto your to-do list.
Franchise agreements don’t last forever. So, anyone who enters into a contract as either a franchisor or a franchisee must understand their franchise renewal rights if they want to avoid unexpected problems later on.
Here’s a common misconception: when a business owner chooses to become a franchisor, they collect investors’ money, hand over an operations manual and step back to watch their empire grow.
A profitable franchise doesn’t just come into being overnight; for an investment opportunity to do well, it needs a dedicated, passionate entrepreneur leading the way. So, what makes a successful franchise owner? Let’s find out.
If you’ve hit a plateau growing your business in your own country, expanding your franchise into new markets in foreign territories could be the way forward.
The franchise model is increasingly recognised as one of the most straightforward and secure ways to start a business. But for a franchise to be successful, the franchisor-franchisee relationship has to work well, so both parties get something out of the partnership.
The sugar tax was introduced back in 2018 to a mixed reception. Three years on, we explore how the levy has affected sweets franchises and other businesses with a focus on sugary food and drinks.
Getting involved with a new franchise venture at the very beginning is a dream come true for many entrepreneurially-minded people. It’s an opportunity not only to get involved in an exciting new concept, but also to access enormous growth potential.
Starting a franchise unit with a business partner isn’t for everyone. But those who do choose this route to entrepreneurship can share the investment cost, stresses and celebrations with someone else as they build their business. Here’s our guide to franchise partnerships.
If you’re going to lead a network of franchisees to develop your brand, you’ll need to have a strong understanding of the definition of a franchisor. What is expected of a franchisor and what makes a good one? We answer these questions and more in this franchise guide.
Franchising is an exciting opportunity to be your own boss with the support of an expert franchisor behind you. As restrictions continue to lift across the UK, many sectors in the franchising industry are seeing growing demand for their products and services.
The world is constantly changing, and success will only be achieved through adaptation. The new faces of franchising are exciting, diverse and innovative, adding depth and value to the sector and helping units across the UK to keep up with the latest franchising trends.
The impact of the global pandemic has been felt in many different ways across communities, countries, companies and industries. And the franchising world is no exception to this.
Starting an international franchise is both an exhilarating and daunting prospect. Before you make that leap, you’ll need to jump through a lot of other hoops, and gather as much information as you can. Here are five things you need to know before embarking on a foreign franchising journey.
Signing a franchise agreement is a big commitment, and a franchise contract renewal is a means you’re willing to do it all again. When things aren’t working out between you and your franchisee, knowing how to end a franchise contract gracefully is extremely important.
If you’re a self-employed person running your own business, you automatically become a sole trader. Some business owners and franchisees will choose to remain sole traders in the long term, while others will choose to set up a limited company or some other kind of legal enterprise.
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 limited company can be an intimidating process, with many different technical terms to wade through, so we’ve put together a simple guide to help you through.
Payroll is an integral part of running your own business, and running it smoothly. Paying your employees correctly and on time is an absolute must, so if you have employees, you NEED a successful payroll processing system.
Running a food catering franchise can be demanding and exciting in equal parts. If you’re interested in the variety that running this type of food service business can offer, here are the five key advantages that come with the territory.Creativity, flexibility, variety.
The fast food sector is an undeniably large one, but even with so much supply on offer the demand shows no sign of decreasing. If you’re looking to make a solid investment, fast food might be the right move.
A good infrastructure is imperative to building a successful franchise. Though this can be an intimidating prospect, once in place, you’ll find yourself in a solid position to achieve success. Here are some key franchisor tips on how to develop the right franchise infrastructure.
Running your own business is demanding, but a role running a part-time franchise could complement a busy schedule and provide rewarding, flexible work to a franchisee.
As a franchisor, recruiting franchisees can be a daunting process. You’re putting your brand in the hands of a stranger, and getting that process right is incredibly important.
The franchising industry is growing, dynamic, and full of opportunities of all kinds. If you’re looking to make an investment, you probably have some questions. Here are the eight most asked questions about franchising, answered.
There are many similarities between franchising and starting your own business, especially when it comes to the day-to-day responsibilities. But choosing to become a franchisee has its own distinct advantages over running your own business, not least the lowered risk of failure.
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