operational
could you
your business
through FRANCHISING? Join us as Louise Bruce takes us through the ins and outs of Franchising
Chances are if you’re reading this article, you’re a business owner. You’ve probably spent years grafting, day in, day out building up your chicken/tyre/swimming lessons/gym/burger/accounting/delivery business. You know every square inch of your sector you’ve enjoyed the good times and you’ve ridden out storms; it would be fair to say your knowledge of your marketplace is second to none and frankly, you’d like to expand, maybe start laying down the path
for your retirement, or simply stepping back so the business can carry on without you. But how? Of course, you could go down the ‘regular’ route and simply employ more staff, lease more premises, buy more vans etc. The only problem with that method is that all the costs and responsibilities remain yours. Yes, your business could double in size but so will the administration and headaches. Twice as many staff to manage, twice as many buildings and vehicles to be maintained etc.
What if you could expand your business but let someone else share the load? Someone who is financially invested in making it a success and who will stick to the brand exactly the way you’ve developed it?
