Business basics

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.

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.

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.

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'.

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.

Top 5 Reasons Franchises Fail

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.

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.

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.

Avoiding franchise failure

When not to franchise

Operating a franchise: What happens?

Start-up vs franchise - Which is best for you?

Maybe you’ve dreamed of being our own boss for many years, but you’ve finally decided it’s time to take the next step. One important and difficult decision is deciding whether to start a franchise or take the start-up route.

Franchise relationship management: 5 key ways to manage it

Evaluating a franchise opportunity

The success of any franchise relies on having enthusiastic and driven franchisees on board. To guarantee that franchisees do their best to operate a profitable business, franchisors should ensure that a comprehensive and engaging franchise support system is in place.

Franchise vs. Independent Business: 5 Things to Think About Before Investing

Deciding whether you’ve got your heart set on running your own business or running a franchise can be tough. So, we’ve created a run-down of some of the biggest differences between the two business models. It should help you make an informed decision and choose the right path for you.

Franchising 101: 6 Top Contributors of Franchise Failure

Every businessperson wants to avoid failure. Here, we outline some of the main reasons franchises fail and how you can take steps to make sure your venture is successful.

The Economics of Running Your Own Business

Running your own business can be tough, especially when it comes to managing your finances. So, we’ve pulled together all the information you’ll need to learn more about how to make a business profitable and take home a good salary.

The 7 Building Blocks of Franchising

Today, we take you back to basics and outline the building blocks of franchising. If you’re considering investing in a franchise, you can use this article to understand and navigate the franchising ecosystem end to end.The franchising industry is booming in the UK.

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.

4 Elements of a Successful Franchise

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.

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.

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.

Is There Really Such a Thing as a Joint Venture Franchise?

Whether you’re new to the franchising world or a seasoned professional you might be interested if there is really such thing as a joint venture franchise. Let’s find out.

18 Business Performance Metrics You Must Grow to Love

Every business owner should take the time to analyse their organisation’s performance metrics. Even if you’re working under a franchise brand, you should still be continually monitoring progress. Here’s how to measure success.