Business basics

Latest Business basics articles

Welcome to Business Basics. This page is your go-to guide for understanding fundamental business concepts. Perfect for beginners, you’ll find easy-to-understand explanations and practical tips.

Published at 12/12/2025

Make franchisee interviews your secret weapon for climbing the algorithms

Updated on 08/12/2025

Should You Start a New Franchise or Buy an Existing One?

Updated on 20/11/2025

Franchise vs. Independent Business: Things to Think About Before Investing

Updated on 08/08/2025

Using summer to reflect on your business: a seasonal opportunity for growth

What to include in your franchise business plan

Successful Franchise

Updated on 23/06/2025

How to Create a UK Franchise Business Plan

BFA

Successful Franchise

Updated on 18/11/2024

4 Tips for Building a Business Plan for a Successful Dog Training Franchise

Who said you can’t combine business and pleasure? If you’re looking for a career change with a job that has you excited to wake up every morning, look no further than starting your very own dog training franchise. Man’s best friend is one thing, but dogs can be a franchisee’s best friend, too.

Kids industries

Successful Franchise

Updated on 23/10/2024

4 Tips for Building a Business Plan for a Successful Childcare Franchise

Children are the future, so it’s important they’re given the best possible start. Why not be a part of something special? If you’re thinking about becoming a childcare franchisee, the road ahead is full of joy and fulfilment.

Updated on 19/06/2023

Navigating The Pillars of Corporate Social Responsibility (CSR) in the Franchising Business

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

Beauty Industry

Successful Franchise

Updated on 04/05/2022

5 Tips for Building a Business Plan for a Successful Beauty Salon Franchise

At the heart of every successful franchise business is a well-executed business plan.

Successful Franchise

Updated on 04/05/2022

5 Tips for Building a Business Plan for a Successful Recruitment Franchise

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.

Successful Franchise

Updated on 04/05/2022

3 Tips for Building a Business Plan for a Successful Finance Franchise

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.

Master Franchise

Updated on 04/05/2022

Five Things You Need to Know Before Starting a Franchise in a Foreign Country

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.

Updated on 04/05/2022

Easy Hacks to Solve These 4 Common Business Pain Points

If you’re constantly blighted by the same business pain points, it can divert your attention from growing your franchise. In this article, we’re going to share some simple solutions for business problems that will make running a successful business so much easier.

Updated on 04/05/2022

Franchising 101: How to Build a Budget For Your Franchise (Part 1)

Learning how to build a budget for your franchise is one of the most important things for any new franchisee to get to grips with. A good business budget is one of the cornerstones of managing your finances.

Updated on 04/05/2022

Franchising 101: How to Build a Budget For Your Franchise (Part 2): The Steps You Need to Take

In this Franchising 101 article, we take a look at why tracking your expenses and building a budget is so important and how to build a budget that leads to long-term success. It’s widely considered in the business world that before you can make money you need to know how you are going to spend it.

Updated on 04/05/2022

Franchising 101: Managing Redundancy Like a Pro

No business owner wants to make staff redundant, but if worst comes to worst, you need to know how to handle the process efficiently, professionally and compassionately. We’ve listed the 12 steps you need to take when managing redundancy.

Updated on 04/05/2022

Franchisor Tips: How to Ensure Your Franchise Is Cyber Secure

No business is immune to security breaches. Large firms are attractive to cyber criminals for their huge volumes of data, while smaller companies are easy targets, due to limitations in their IT systems.

Updated on 04/05/2022

12 Reasons Why Anyone Can Run a Franchise Business

Are you interested in becoming your own boss but apprehensive about getting started? We believe there’s no reason to delay your investment, because anyone can run a franchise business.

Updated on 04/05/2022

New Year’s Resolutions: Expand Your Business With Franchising

Running a successful business? If you’re a keen entrepreneur, expansion plans are likely to be on your mind. Kicking off 2021 by creating a new business or setting up operations in a different location is an effective way to bring in more profit for your business - and your bank account.

BFA

Business Leaders

Updated on 04/05/2022

National Entrepreneurship Month: 7 Business Basics to Master

Interested in running your own business? November is National Entrepreneurship Month, so we’re exploring the seven business basics everyone should master before they become their own boss. There’s no shame in feeling overwhelmed by the thought of starting a business.

Developing your franchise infrastructure.

Updated on 04/05/2022

Franchisor Tips: How to Develop the Right Franchise Infrastructure

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.

Updated on 04/05/2022

How to Deal With Franchise Territory Border Disputes

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.

Updated on 04/05/2022

How to steer clear of bad franchises

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.

Updated on 04/05/2022

Employee to business owner: A complete guide

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.

Updated on 04/05/2022

Franchisors: How to Deal with Franchise Failure

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'.

Updated on 04/05/2022

Five Ways That Franchisees Can Get Over the Fear of Failure

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.

Updated on 04/05/2022

Product or service business: Which one’s best?

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.

Updated on 04/05/2022

The Big Question: Franchising or Starting an Independent Business?

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.

Updated on 04/05/2022

Thirteen Reasons Why Franchising Could Be Right for You

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.

Successful Franchise

Updated on 04/05/2022

4 Elements of a Successful Franchise

There isn’t one recipe for a successful franchise, but many of the world’s biggest and most successful franchises have lots of things in common. In this article, we’re going to take you through four of the key traits of a successful franchise.

Is There Really Such a Thing as a Joint Venture Franchise?
Top 5 Reasons Franchises Fail
Updated on 04/05/2022
Franchising 101: The Importance of Franchise Brand Consistency
Brand consistency is a crucial element of any good franchise network. It’s one of the most important parts of buying into a franchise, as that customer recognition factor could help you get your business off the ground in record time. Here is why franchise brand consistency is so important.
How to Overcome the Most Common Franchising Hurdles
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The Economics of Running Your Own Business
Franchising 101: 6 Top Contributors of Franchise Failure
5 Things People Will Never Tell You About Running a Franchise
6 Questions To Ask Yourself if Your Franchise Is Failing
Evaluating a franchise opportunity
Why the Ups and Downs of Franchising Can Feel Like a Rollercoaster Ride
What's the Best Bet: A Big-Name Brand or a Niche Franchise?