Consider franchising for a secure future
Franchising is a deal between a franchisee and a franchisor. If you are a franchisee then you need to pay an initial investment to operate under the franchisor’s brand name. You are also eligible to be trained and supported by the central franchisor. The whole process or deal is protected by a Franchise agreement.
Why franchising is better
Owning a franchise is much better than running your own independent company because you are investing in a proven business. Franchising will also provide you with business ownership with the support of a larger organisation.
The role of franchisor
The franchisor will train you and they will also support you with activities such as marketing campaigns, launching and sourcing stock.
The franchisor will maintain your business, as it will get a management service fee which is a small percentage of your turnover. This fee helps the franchisor to maintain network support initiatives. This also includes ongoing training, product development and national marketing.
Before purchasing a franchise, you need to check that all the franchise systems are registered under the British Franchise Association. You also need to research well before investing.
If the business is properly designed and has a genuine market then franchising is one of the best ways to change your life with your own business. Thus, if you are worried about your job then franchising is a route to a successful and profitable future for yourself.