17th October, 2022-
6 minutes to read
11 Risk Factors to Consider Before Buying a Franchise
Risk evaluation is one of the most important aspects of getting into business. And the same is true if you’re interested in pursuing a franchise opportunity. It must be remembered that every business venture entails some form of risk and franchises are not immune from these. However, the risk of a franchise is considered much … Continued
- 10th October, 2022
- 5 minutes to read
The Franchise Agreement – Everything You Need to Know
The franchise agreement is one of the most important contracts you will sign as either a franchisor or a franchisee. It is the cornerstone of the relationship between both parties as it sets out each one’s rights, responsibilities and obligations. But there are multiple other aspects covered in a franchise agreement which you need to … Continued
- 4th October, 2022
- 4 minutes to read
What is the Franchising Code of Conduct?
Franchising across the UK has undergone tremendous changes since the concept of franchising first came about in the middle of the 20th century. One of the most fundamental changes has been the establishment of the British Franchise Association (bfa) as far back as 1977 and the development of its Franchising Code of Conduct. The reason … Continued
- 19th September, 2022
- 5 minutes to read
Single-Unit vs. Multi-Unit Franchising
Before getting involved in franchising, it’s important to consider the options in front of you. Every entrepreneur has different goals, skills and financial resources and these will necessarily dictate what sort of franchising they get into. One example of the careful consideration that you would need to take into account includes the types of franchises … Continued
- 15th September, 2022
- 3 minutes to read
Inspiring leaders: Lessons from the life of the Queen
The nation is in mourning. A fundamental pillar of our social structure is no longer with us. Queen Elizabeth II has passed on. For seven decades, Britain’s longest reigning monarch has been at our side, through trials and tribulations, offering hope and encouragement where necessary and serving the nation in true dedication to the crown. … Continued
- 12th September, 2022
- 6 minutes to read
Conflicts Between Franchisee and Franchisor – How to Resolve Common Franchise Disputes
Conflicts take place in all parts of life and the franchisor and franchisee relationship is no exception. There are commonly-occurring conflicts between franchisor and franchisee that you should anticipate and know how to address if you want your relationship to be as successful as possible. This article explores the sources of some of these conflicts … Continued
- 5th September, 2022
- 5 minutes to read
Franchisee Recruitment Process: Dos and Don’ts
As many franchisors across the UK and the world expand into new territories, they require a franchisee partner to help scale their business. But the franchise recruitment process is not as straightforward as one might think. It requires a lot of effort and preparation and while there are some best practices, there are also loopholes … Continued
- 31st August, 2022
- 7 minutes to read
How To Choose a Franchise Industry
The Great Resignation is upon us as millions of people are looking for new opportunities to actualise their potential. With this, some franchise industry trends on a global scale indicate that franchising is quickly becoming the go-to business model due to its elegance and simplicity as well as scalability and proven profitability. If you’re one … Continued
- 29th August, 2022
- 5 minutes to read
Things You Should Expect From Your Franchisor
Entering the world of franchising presents an exciting and lucrative opportunity to be your own boss while having all the support systems in place to ensure your business takes off. In fact, one of the major selling points of any franchise is the franchise support they provide to prospective franchisees. This support is critical to … Continued
