Franchises a better growth area
The head of the UK’s franchising body has urged a number of the major employers that have proclaimed job cuts in recent weeks to consider purchasing a franchise.
Director General of the British Franchise Association, Brian Smart has offered to arrange free of charge workplace seminars if any of the companies are interested in taking up his suggestion.
Mr Smart said that they are willing to talk to companies and added that franchises have much higher success rate than conventional start-ups. He added that franchising is not a magic pill. To become a success, franchises require desire and hard work.
In 2008, Dominos Pizza experienced 10% sales growth. They are now looking for new franchises. In the UK, Dominos currently has 553 stores. By 2017 they are looking to increase the figure to 1,000.
There are many companies who are looking to expand through franchising. One of the examples is CleanMy, which sells cleaning products. They believe that franchising is one of the best ways to grow. Ben Williams, Managing Director of the Hereford-based company, feels confident that he can find franchisees to sell CleanMy’s products.