This year is the year! Have you always dreamed of becoming self-employed and investing in a franchise business? The dream could be closer than you think as right now is the perfect time to follow your New Year’s resolution, find a new career and start your own business.
Hint: Start planning 2019 now using this handy guide.
There are always plenty of reasons to start a franchise, but 2019 may be one of the best times yet. We review the facts:
The Franchise Facts
Franchises contribute to £15.1 billion to the UK economy, so now is the right time to invest in your own franchise with more than 900+ franchise brands operating in the UK.
Many people look to franchises to improve their current work/life balance, more importantly, 15% want to start their own business but do not have an original idea. Enter franchising! A trusted and tested model built on a successful business or brand to help you become self-employed without the risk of creating an innovative product or service in an unknown market.
The Stability of Franchising
Franchise success can be catchy, with 29% of franchise business owners investing in multiple locations and opening further branches or units.
Funding a Franchise
Having trouble funding a business idea? Banks prefer to lend to franchises rather than new entrants in the market or startups. Since franchises are built on reputable businesses, it’s much easier to get a bank loan or funding help. There are many other ways you can fund your franchise, take a look at this infographic here to review the options.
Ready to get started? Contact our franchise business team.
Source: FranchiseDirect, The BFA, FranchiseBusinessReview, StartupsTags: Business, franchise, franchising
Categorised in: Startup Tips
This post was written by Home Care Preferred