Archive for April, 2008

Which franchising business would suit you

Monday, April 28th, 2008

You will find ample franchise business opportunities in the UK, to leverage your business acumen through franchising.  The franchisor provides ongoing support for product development, promotional activities and such other management services to the franchisee.  However, you must take due diligence before choosing on the right business model for you.

You should try to work out which business would suit you. For example, a health food franchise business would ideally suit people with keen interest in medicines, special dietary food items and natural remedies, to take the business to a new level and generate great profit. (more…)

Popular franchises that you can manage from home

Sunday, April 27th, 2008

Some widely known franchises that can be managed from home are as follows:

1.    Consultancy Franchises
It includes advising, in areas such as on government grants or securing loans for small businesses, whilst being an expedient in this field to charge accordingly.

2.    Automotive Franchises (more…)

Analyse and evaluate the franchise business model

Sunday, April 27th, 2008

Wondering if a franchise would offer you what you have been looking for so long in terms of proven business support? Well, there is no reason to worry on this count! In fact, franchise opportunities in the UK offer much more than what you had ever expected.

A well-established and proven franchise business model not only enables you to run your own business but also assures time-tested methods that facilitate you to become an entrepreneur even without having any prior experience in this regard.
(more…)

Become a franchise while sitting at home

Saturday, April 26th, 2008

Are you all set to work from home, by starting up your own business, or is a home based franchise opportunity bothering you? Well, look no further. The UK offers plenty of home-based franchise opportunities accompanied with various benefits.

Nevertheless, before you start working from home, you need to consider certain things, some of which are as follows:
•    If your house is rented, you must check your lease for any restrictions that can prevent you from engaging into a home-based business. (more…)

Understanding the basics of ‘Business Format Franchising’

Saturday, April 26th, 2008

The term ‘Franchising’ has been derived from the terminology ‘Business Format Franchising’ and is now commonly used globally. Business format franchising is nothing but the procedure through which one person (the franchisor) grants a license to another person (the franchisee), which holds the franchisee liable to trade under the trademark or trade name of the franchisor. The franchisee can also make use of all the elements required to set up a business and operate it with constant assistance on a pre-determined basis. (more…)

The British Franchise Association and potential franchising opportunities

Friday, April 25th, 2008

The British Franchise Association (BFA) has been formed with a primary view to helping potential franchisees in recognising their pros and cons. The BFA also assists various businesses engaged in franchising in securing their own position and separating them from their competitors.

The BFA was created in 1977, when the UK’s key franchising companies decided to establish their own association and they named it the British Franchise Association, abbreviated as BFA. The major objective of this self-governing body since then has been to work in the interests of the franchising companies who meet its criteria for the following: (more…)

Role of consultants in franchising your business

Friday, April 25th, 2008

Not many individuals realise the real importance of consultants before they start with their franchising business.  Many need the services of a consultant to guide them towards the right channels and sources for running the business efficiently and effectively. Thus, consultants play a key role in the development of a successful franchise venture, especially in the below areas: (more…)

Keys to becoming a successful franchisee

Friday, April 25th, 2008

Before you consider buying a franchise to expand your business, there are certain aspects that need special attention to determine if your business is eligible to be franchised. These are:

•    The brand image and the operating system of the business should not be the same as any other, but unique in its own way. (more…)

Raising funds for becoming a franchisee was never so easy!

Thursday, April 24th, 2008

Years ago, raising capital for a franchise investment was a daunting process but nowadays this is much easier.

Despite the current credit crunch, many banks offer a special section to cater to all franchise related queries and cater to financing requirements of individuals who wish to buy a franchise. These individuals are then assessed for their financial soundness and capabilities to repay the loan, who may borrow more for starting a franchised business as compared to what they would have asked for if they were to start up a conventional business. (more…)

Fruitful franchise opportunities for people over 50

Thursday, April 24th, 2008

With a plenty of franchise opportunities available in the UK franchise market, it becomes difficult to choose the best one, especially for individuals over the age of 50. However, there are various franchise opportunities that exclusively cater to this segment, on the basis of the past business experience of such individuals. Besides business experience, they are also evaluated on the basis of their skills, liquidity as well as their personal aspirations. (more…)

United Carpets Mac Tools Europe Cash & Cheque Express Adept Cleaning Services Countrywide Signs Limited Rohan Designs Granite Transformations (Europe) FiltaFry Plus (part of The Filta Group) Franchise Development Services (FDS) Cash Converters