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25th October, 2023-
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8 minutes to read
13 Interesting Facts About the Franchise Industry
Have you ever wondered about the history of franchising? Or what about what impact it has on the economy? This business model has been around for quite some time and is gaining enormous traction. However, there are some interesting and little-known franchise facts that you may not know about. In this article, we explore 13 … Continued
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26th June, 2023-
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6 minutes to read
What Do Franchisors Look For in a Franchisee?
Every franchisor will have a set of criteria and personal qualities that they will evaluate prospective franchisees against to ensure that they find the “perfect fit” for their organisation. This franchisee buyer persona contains the full attributes of their ideal franchisee. Although the franchise-buying process involves both franchisees and franchisors, and should be looked at … Continued
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1st December, 2022-
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11 minutes to read
How to Write a Franchise Business Plan
Entrepreneurs who have decided to franchise their business owing to its past success and ability to replicate the business idea will need to write a business plan for a franchise. In many cases, this business plan will share many similarities with business plans for start-ups. However, a fundamental difference is that a franchise business plan … Continued
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8th November, 2022-
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6 minutes to read
Franchising vs. Licensing: All You Need to Know
In the business world where business expansion is the talk of the day, it’s crucial to know the differences between licensing vs. franchising so that you can make more informed decisions. Indeed, while both licensing and franchising share some similar characteristics, they differ in other key areas. These differences need to be kept in mind … Continued
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21st October, 2022-
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5 minutes to read
What Does It Mean To Run a Part-Time Franchise?
Whether you’re in retirement looking for something productive to fill your time with or you’re already employed but would like to dip your toes in the business world before taking the plunge, a part-time franchise opportunity could be just what you need. As with most things in life, a part-time franchise comes with pros and … Continued
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10th October, 2022-
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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
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4th October, 2022-
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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
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19th September, 2022-
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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
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5th September, 2022-
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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
