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.
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.
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.
Many franchise agreements include operational rights within an exclusive territory. But what happens if there’s territory overlap, or one franchisee encroaches on the territory of another? Whether you’re a franchisee or a franchisor, there are ways to deal with territory border disputes.
It’s no secret that franchisors are always looking to expand. But which sectors are best for multi-unit franchising, and how can you get involved? Operating as a franchisee brings with it several competitive advantages, one of which is the speed at which any franchise can grow.
There are so many different analogies out there, describing the franchise business model in metaphor. But if you’re running a franchise, you might have noticed one yourself: Franchising and football share a lot in common.
Most franchise opportunities will bring you profit if you follow the business model and work hard. But if you’re looking to take things to the next level and create a truly thriving, successful franchise, certain good habits will help you on your way. Here’s what those habits are.
Master franchising is one of many different growth paths within the franchising industry, creating room for expansion and increased revenue. But though master franchising can be exciting, rewarding and profitable, it definitely isn’t for everyone.
If you’re interested in becoming a franchisee, comprehensive research should be step one. Before you find the right opportunity and sign a franchise agreement, make sure you’ve busted the jargon and gotten to grips with the most common franchising terms.
When you’re starting a franchise, doing your due diligence is essential. Before you invest any of your money, you need a detailed insight into how the franchise you’re considering investing in operates.
When starting a franchise, you want to feel confident that it’ll work out. Though there’s no guarantee, franchising comes with far fewer risks than starting your own business from scratch. Still, certain pitfalls might prevent franchisees from finding success. Here’s how you can avoid them.
Starting a new business can be a difficult process. When you’re building up a brand from scratch, you don’t have an established business model to fall back on, and you don’t have the support of an expert franchisor. All the risk that you take on is yours alone.
Franchising is a fantastic way to run your own business at a lower level of risk, following a proven business model and counting on the support of your franchisor.
If you’re interested in running a franchise in the food sector, a crepe business would be a fantastic option. Not only is it an affordable and profitable investment option, but a delicious one, too.
Long before you get around to enjoying the benefits that running a graphic design franchise brings, you’ll need to put together a business plan. These plans are important as they set out the future direction and ambition for your business.
Running your own business isn’t easy, but with franchising, it’s possible. If you’re able to drive and interested in working closely with customers - often travelling to and working in their homes - you could start a van based franchise today.
When you’re entering the world of franchising and starting a domestic cleaning business, you’ll find that there’s a lot of demand to work with. But as a result? There’s also a lot of competition to contend with.
Business plans are at the heart of successful franchises up and down the UK. These important documents set out the plan for your business’ growth, place in the market and unique selling points.
Running a dog grooming franchise is a great way to combine profit and passion, giving you all the benefits of running your own business while allowing you to care for pampered pooches each working day.
If running a dog daycare business sounds like an ideal way to spend every working day, why not start a dog boarding franchise? You’ll have all the freedom of ownership AND all the support of a franchisor.
If you’re looking to start a windscreen repair business in 2022, joining a sector that enjoys steady demand and high levels of repeat custom, then you need to know how to go about building a business plan for that windscreen repair business.
If you’re a persuasive people person with a head for business, running a recruitment franchise could be the perfect professional adventure for you to embark on next.
As the world slowly moves back towards business as normal, there’s never been a better time to invest in a finance franchise. This bustling sector has always been a moneymaker - and in 2022, the story is no different.
If you’re a burger lover who dreams of running a restaurant, you might find yourself considering a franchise investment in 2022. It’s a hugely viable option considering the UK burger industry is booming right now, but with that demand comes lots of competition.
Marie Piercy founded in 2017 but prior to this she worked in sales management roles in Leisure industry for 10 years having studied business management at university. Marie then moved into the recruitment industry, where she worked for over 10 years.
Running a franchise can be flexible, exciting and profitable. It can also be challenging, particularly for first-time franchisees. Here are the five mistakes you should avoid making at all costs when you’re starting a franchise for the first time. Mistakes happen.
Making difficult decisions about the health and direction of your business is never easy, but as a franchisor, it’s extremely necessary. Some choices can’t be avoided, even if they’re tough. Here’s four examples.
If you’re hoping to imitate top performing franchisees and build yourself a profitable and sustainable empire, you’ll need to ensure that you’re working in the most efficient way possible. Here, we take a look at which professional habits and personal qualities can help you rise to the top.
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.
Finding the right franchisees to join a niche franchise can be a challenge. Alex and Paul Dodgson, board members and franchisees with Business Partnership, shared their experience and top tips for finding excellent franchisees for a specialist franchise.
The British Franchise Association (BFA) is one of the largest organisations governing the franchise industry and has a huge selection of resources for people looking to grow their businesses. Here’s a run-down of how the BFA is supporting franchisees during the Covid-19 pandemic.
Point Franchise
