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. Here, we take a look at five different ways this can be achieved.
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. Here, we take a look at what Royal Dutch Shell has done to guarantee that it’s in the best possible position.
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.
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’.
Regus is a Switzerland-based company that provides high-quality workspaces across the globe. These are intended to be used as an alternative to privately owned or rented commercial premises, or as a temporary meeting place for travelling professionals.
Originally posted on 08/09/2017. Updated on 11/06/2019. The British Franchise Association (BFA) is the trade association for and acts as the respected voice of authority for both and .
Chipotle is an American fast-casual restaurant chain based in Newport Beach, California. Its food offering focuses on Mexican cuisine and it currently operates in the US, UK, Canada, Germany and France. The brand’s UK presence comes from seven locations in London.
Opening your own restaurant brings plenty of challenges along with it, from the cost of the initial investment, to the time you’ll need to dedicate to preparing all of your food and managing stock levels properly.
The Chinese-owned restaurant chain Pizza Express has been leading the dining industry in the UK for decades. The international brand is known all over the world for its authentic Italian cuisine, filling stomachs from London to Beijing.
Originally posted on 04/11/2017. Updated on 17/05/2019. There is an abundance of benefits to choosing the franchise route when starting your own business. You will be working under an established brand with an existing customer base, and proven business and operating model.
Burger King is an international and one of the most recognisable brands in the UK. This has made its investment opportunities popular among those who hope to become restaurant franchisees.
Over the last decade, Amazon has changed the way that the world shops. The brand’s incredible online success has upset the high street’s control of the retail market and made plenty of noise in the process.
As in the wider business world, franchises can be divided into two different groupings. There are those that sell products, and those that sell services. While these two different types of franchise share a number of similarities, they can be quite different.
If you’re an employee dreaming of reaching the heady heights of franchise ownership, you’ll be happy to hear that your goal has been realised many times before. It’s not rare for employees to become , and they often make particularly good managers.
Did you know that there is such a thing as Workaholics Anonymous? Well, there is. Workaholics Anonymous was established in the US in the early 1980s and leads its followers through a 12-step recovery plan.
If your dream is to become a franchisee and the manager of your own business, you're first going to have to impress a franchisor. While every franchisor looks for something slightly different, there are many qualities that all franchisors favour.
If you’ve always dreamed of starting your own business, you’ll understand just how difficult it can be. There are often obstacles standing in the way – and overcoming them isn’t always easy. , however, is an exciting alternative.
While there’s no single secret to franchise success, the often have many things in common. Whether it's an ability to maintain high standards of service or adapt to changing market conditions, some qualities are closely linked to long-term .
There are lots of benefits of working for someone else. Regular wages, paid holidays, set working hours and generally less stress. But there are some downsides too.
Franchising is a great way to expand an already successful venture. With putting up the necessary capital and taking full operational control of their units using your business model, it’s a relatively low-risk growth strategy. You’ll also give your investors a great business opportunity.
When you become a franchisee, you buy into the franchisor’s business model. Although this undoubtedly has many benefits, it also means you must observe the same processes, rules and procedures as other franchisees in the network.
Are you a car lover? Do you love to drive, have a passion for the craftsmanship of cars and are curious about the engineering that goes into each vehicle? Well, what if you could turn your enthusiasm into a career? Today, we explore the topics surrounding starting an automotive business, including
For most people looking for information, the internet is their first port of call. This is likely to be true of franchisees doing their research too. However, there are some things that you won’t find online.
If you've always dreamed of owning , then you might want to consider . Franchises offer the independence of small business ownership with the benefit of being backed up by an established business. You don't even need to have experience as a business owner to run a franchise.
Point Franchise
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