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How to Fund or Finance a Franchise

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Franchising is one of the most stable and viable methods of starting a business. It requires drive, discipline and dedication, but can generate excellent rewards. Furthermore, it is almost a middle ground between being an employee in a company and the risky life of a lone entrepreneur. While you still have the back-up and systems of a larger corporation, you can relish the freedom of being your own boss. However, one of the first challenges you will have to overcome is money. The UK average total start-up cost for a personal services franchise is £42,000. So where might you find this essential funding? Bank Loan Due to the more secure nature of franchising, banks are often content to lend up to 70% of your total investment. Speak to your personal bank, but don’t be afraid to approach others. Franchise Fund Franchise Finance had launched a dedicated £50m fund for existing and prospective franchisees. Finance is available for amounts between £5,000 and £500,0...
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Top 5 Franchise Owning Fears

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You may be ambitious and have aspirations which are both personal and work-related. You might have been made redundant, or simply decided that the job you have been doing no longer satisfies your needs. But it can be daunting to start travelling down a new path – to look for something which meets your idea of work-life balance, and where you can even be your own boss. Franchising could be a great option for you, particularly if you are focused, customer-driven, organised and ready for a new challenge. But first you might need to overcome some real fears: Money . Whether you are thinking about where to find funding, raising capital, or securing a reliable revenue stream – running out of money is one of the biggest concerns for a new business owner. But there are ways of raising funds such as business grants from the government: do your research and be prepared. Not being good enough . Everyone thinks that they must be the best to be successful, but to start out your ...
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Want to Run your Own Business? New Regional Showcase Brings Franchise Opportunities to your Doorstep!

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On Friday 22 nd September the first in a series of brand new franchise showcases will take place at Exeter Racecourse. Franchise Local 2You comprises six small, free-to-attend exhibitions taking place in convenient well-known venues around the country. Franchise Local 2You is the latest brainchild of Mr Franchise, a growing advice service that offers independent guidance and assistance to people searching for their perfect business opportunity. Up to 20 successful and established franchisors will be participating in all six showcases. These local shows are being held in areas where franchisees are actively needed. So, for anyone who has been considering running their own business, this is a tremendous opportunity to discover the lucrative franchised business brands that are “on their doorstep”. As of January 2016 franchising contributed £15.1 billion to the UK economy, an increase of 46% over the past 10 years. 621,000 people in the UK are employed in franchising, of wh...
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