In times of economic uncertainty, many look towards franchising as a less risky way of building a business.
Recruiting high-quality franchisees. And providing ongoing support. These are the fundamentals of successful franchising, according to Brian Lewis, himself a successful franchisor and chairman of the British Franchising Association. Here are his tips for success.
“You don’t get an employee, you get an owner," says Geoff Whittle, founder of pest control business Prokill, in another informative Real Business article. "The autonomy they have ensures a strong level of enthusiasm way beyond what we’d get through a centralised system.”
A recent report highlights the UK’s ten lowest-cost franchise opportunities. Bear in mind the advice above. Investigate the most economic opportunities. The time for franchising could be imminent.