Top 10 Reasons to Choose Franchising
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 are employed in franchising in the UK, of which 321,000 are in
full-time employment (an increase of 70% over the past 10 years). The number of
franchisee-owned businesses has increased to 44,200 in 2 years (by 14%). Those
businesses are also becoming larger as the sector matures, with over half now
claiming an annual turnover of more than £250,000 and with one-third now
employing 10 or more staff. 97%
of franchisee-owned units reported profitability, with 56% saying they were
‘quite’ or ‘very’ profitable. Ownership changes in franchisee business are
correspondingly low (4.6%) and 91% of franchisees say they are ‘mainly’ or
‘definitely’ satisfied with their franchisor.
So what are the top 10 reasons people choose
to take on a franchise?
1.
Be your own boss – many people reach a stage in their life
where they no longer want to be an employee. They want to be the one in charge,
making the rules and controlling their own destiny
2.
Potential to earn more – if you are willing to invest and work hard,
there are opportunities for financial gain which might dwarf what you are
earning with your day job. Plus, your chances of being in business longer and
making a profit are greatly increased by taking on a franchise
3.
Your own business, but with less risk – franchising is hugely successful and
franchised businesses are well-established and come with built-in potential.
It’s a tried and tested formula – all the teething problems have already been
worked out and the best, most cost-effective solutions found
4.
But still some risk – its an adventure! Starting a company of any kind is a massive
adventure. It is trying a role that you have never done before and having a
wide range of different responsibilities. If you are looking for an exciting
new start, taking on a franchise could be just what you need
5.
Leave something for the next generation – some people still have a dream of building
a tangible asset that can be pass down from generation to generation. With
franchising, you can start a profitable business which can be handed on to your
children
6.
Finding something that you suits you – feel like you are a “square peg in a round
hole” at your current job? Are you tired of trying to fit in or doing something
that you’re really not cut out for? There are so many different franchises now,
that it is much easier to find one that matches your skills, interests,
lifestyle and ambitions
7.
Get paid to learn! If you didn’t go to university, or if you’ve
simply decided you would like a change of career, taking on a franchise is a
great way to earn while you learn. Franchises automatically provide special
training, both in the classroom and on-the-job, to help you become successful
as soon as possible
8.
The support of a team – although its your
business, you are part of a large, powerful network and have the back-up of a
team of like-minded individuals who have already been where you are
9.
Purchase power – from corporate image and brand awareness to
access to partnerships and agreements, being part of a franchise gives you the
benefits of being a big company and the negotiation strength to gain bargains
in respect of valuable necessities such as supplies and advertising
10.
Easy financing – if you do require a loan, then banks are
generally much more willing to lend to someone looking at a proven business
opportunity like a franchise
Mr Franchise provide
independent advice and support for anyone considering the franchise business
route continuing with guidance through the setting up process if a match is
found.
Franchise Local 2You is a
roadshow of brand new franchise showcases coming to a venue near you!
To find out more visit www.franchiselocal2you.co.uk.
#Franchise #Franchising #entrepreneur
#enterprise #franchiselocal #franchiseroadshow #smallbusiness
