Franchise Local 2YOU

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...

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 ...