Franchise business - an excellent alternative for the unemployed
Unemployment in the UK has increased by a record 281,000 to 2.38 million in the last three months until May, according to the BBC. Also, according to the Office for National Statistics, the rate of jobless increased to 7.6%, which is the highest it has been in over 10 years.
The number of people who claimed unemployment benefits also increased by 23,800 to 1.56 million in June, which was less than what the analysts had predicted. As businesses look to reduce costs, they have been cutting jobs in the wake of the worldwide economic downturn.
Now, as many people have lost their jobs because of the recession they are considering becoming self employed. However, as there are many risks in doing this, it is important to choose a proven route. Many self-employed people choose franchise business because of the many advantages that they offer.
Franchise businesses are built on tried and tested methods that can be replicated. Operating a recognised brand along with a proven system provides several advantages to business people. A franchise provides new starters with support for business development right from day one along with all the know-how of how to run the business.
For starting any business, you require a certain amount of investment. A franchise payment will be reflected in the cost of training, equipment and getting yourself launched into their proven business. The fees vary depending on the cost of getting started.