It can be difficult to stand out from the crowd as a franchise under a bigger corporate umbrella. We look into a few ways to offer a unique experience to customers and help your franchise stand out from competitors.
Becoming a franchisee is a great way to start your own business without taking on all the risks – is it the right way for you to scale up?
With almost half of Brits currently in the market for a gym membership, data suggests entrepreneurs and investors seeking a new challenge would do well to consider embracing a fitness venture – particularly one of the franchised variety.
Network marketing continues to suffer a PR backlash. “Don’t go there”, say some. “Yes, we know all about it, it’s a pyramid scheme,” say others. Few realise, however, that it’s considered as a serious career path in many in countries from Germany to Japan, where the stigma simply doesn’t exist.
Launching a franchise can mean potentially rapid expansion without the need to raise significant amounts of capital, but there is much to think about in terms of legal framework.
Growing a business comes with opportunities and challenges – while becoming an industry leader is attractive, it comes with the risk that demand will outstrip capacity. To avoid that pitfall, you need a strategic plan – such as these five methods successfully employed by UK firms.
Barry Price established Swimtime in 1997 and has grown it to a franchise operation that aims to hit £4m turnover this year. What are the key things he wish he'd known before franchising his business?
Rik Hellewell, franchising expert and founder of oven valeting business Ovenu, talks about the advantages of setting up a franchise compared to growing a business organically.
Franchising is really quite simple: it involves a franchisor effectively selling a business idea, along with a number of supporting materials and resources, to someone else – aka the franchisee, who wants to run an identical business but in a different geographical area.
Domino’s Pizza has recently reported a rise of 10.8 per cent in first-quarter UK sales, contributing much of this rise to its successful ‘Winter Survival’ meal deal. Founded in Michigan in 1960, this pizza chain is a fine example of how to do franchising right.