Tag: UK

All those with the zeal to be their own boss always get different ways to lead, one is through franchising with a good brand, second is business for sale and the other is establishing a whole new business. However, all of them require big amount of investment in the initial stage. But only franchise comes up with fast recovery along with good market reputation. You will get several business opportunities related to franchising. However, there are always chances of getting failure in establishing a new business. Therefore, if you have been looking forward to own a business of your own, always give preference of franchise. There are various benefits that come along with franchising.

Below mentioned are the top 3 benefits of franchising rather than establishing a new business:

Complete support:

Franchising with a good brand allows you to lead a company along with full support from the parent company side. The in-build support team of the company is always there to support you in all your tasks and decisions. After getting franchise there is no need to hire a different support team as they are already there to help you in accomplishing all your endeavors. In case you come across any problem with the product then they are always there to handle the entire situation quite efficiently. The support team is always there to guide you in your entire business front. As you have entered the franchise business recently therefore, you will require help to understand every perspective. This is where the support team comes into the picture and assists you in leading ahead the company. After attaining UK franchiseyou may enjoy doing business with a relief of support from the team.

Established market reputation and brand value:

Franchising with an established business lets you enjoy its well-known market reputation along with strong market value. You actually attain a readymade recognized brand with rich clientele and consumer base. Customers recognize the brand therefore end up preferring it which further results in enhanced profits. As the brand is in the market for the past many years and have earned their respect and assurance enables you to gather more respect. You will always be recognized with the parent company’s logo, clients, uniform and products which will further let to earn more money and respect as well.

Pre-planned business strategies:

After franchising with a reputed brand there is no need to develop any strategy or business plan as you get per-planned company strategy. You don’t have to hire any marketing experts and advisers to establish any business marketing plan. All you have to do is simply follow the strategies and guidelines which are already there for you. The parent company already boasts its clients and consumers to whom you have to manage and serve quality products.

White Collar Franchise is a leading organization engaged in providing services related to franchise research resource. We ensure that all our clients get desired information related to Franchising,management franchise and UK franchise. Visit our website http://www.whitecollarfranchise.co.uk/ to learn more about aspects related to franchise business for sale.

Franchising can offer a wealth of opportunity for you as a business man or woman. It can allow you to earn a good amount of money in using another person to run your franchise under your own name.

Nevertheless, you run the risk of a dispute arising out of the franchise at some stage. It could be that an argument arises over who is in charge of a certain part of the business. This is why it is crucial to consult with specialist franchising solicitors at the earliest stages of creating a franchise because it can save a lot of problems later on. They will help you put together a watertight contract which will clearly lay out your rights as franchisor and quite importantly will protect your IP rights, in particular looking after your trademark which is crucial to a successful franchise.

Different franchising opportunities have different levels of control attached to them. For example some will have more of a hands off approach than others, meaning that the franchisee has more freedom to operate the business however they see fit. As you may imagine though, as the franchisor you have to be sure your brand and business idea remain constant throughout. Developed and successful franchises can have up to hundreds of outlets across the UK and you will see that these outlets will all have certain level of consistency.

An expert franchising solicitor will offer you invaluable advice on how to create and set up the franchise to begin with. The processes you put into place now will help to protect your idea and business for the future. A solicitor can also make suggestions that could strengthen your overall idea as well as producing less chance of a franchising dispute in the future. Clearly you will want your franchise to be a stable success, the key to this is exercising a good amount of control over your franchisee’s right from the beginning.

It is worth mentioning however that if you try to exert too much control, you may potentially put off franchisees from buying into your business. Again it is worth discussing this with your specialist franchising solicitors before putting your plans into action. They will have plenty of experience in this area and can steer you in the right direction.

It is clear that it is highly beneficial to speak with an expert solicitor before deciding upon what level of control to exercise over your franchise. It may help you develop your franchise successfully and encounter a lessor amount off issues in the future.

Franchising Business Commercial Franchise Lawyers – We have all heard of the term, and most of us know people involved in it. After all, it now contributes more than 10 billion to the UK economy, across numerous business sectors. But what is it really all about, and how are some businesses so successful at it, whilst for others it brings disaster?
The concept is fairly simple. In a franchise, an established business (the franchisor) grants someone (the franchisee) the right to trade under the franchisors trade mark or trade name.
Most franchising is actually business format franchising. This means that the franchisor develops a business concept, including a trade name and operating methods, and they train the franchisee in how to run their business using this concept. The franchisee operates his/her own business under the franchisors name and under some fairly tight controls and guidance. These are set out in a franchise agreement, and usually an operations manual as well.
At heart, a franchise agreement is essentially a trade mark licence, with a number of operational instructions and controls placed on the franchisee.
In many cases, the franchisee is given an exclusive territory in which to operate during the term of the franchise agreement.
For franchisors, franchising can therefore be an exceptionally quick route to business growth, with low overheads and low risk. We will look at this in more detail later on in this article. For franchisees, franchising can provide an attractive opportunity to own and operate their own business, but one which has a proven business concept and which provides training and support. Franchising can in some cases also provide a very rare opportunity for genuine work/life balance.
Sadly however, as with everything in life, it is not always that simple. Although survival rates for franchisee businesses are much higher than for other business start-ups, franchisees all too often fail. Some lose substantial amounts of money, often through no fault of their own. Below are some of the perils to avoid:
Peril No. 1 – Not doing enough homework before handing over your cash
Most franchisors can talk a good talk. It is their job to convince you that their franchise offering will bring you wealth and success. However, whilst many franchisors are scrupulously honest and professional in their dealings with prospective franchisees, some of them are unfortunately not.
Remember when you take on a franchise this is a business to business agreement. There is no consumer law to protect you, so your legal remedies may be very limited. It is your responsibility to check out what you are being told, and never to take promises and forecasts on face value.
It pays to remember the age-old saying: If it sounds too good to be true, it probably is!
Membership of the British Franchise Association – requiring the signing of a charter for ethical franchising – is a good indicator of an opportunity worthy of consideration, although there is no substitute for properly checking out and researching a franchise.
Peril No. 2 Taking on a franchise which does not play to your personal strengths
You need to think long and hard about whether taking on a franchise will suit your personality and skills. You may imagine, for example, during a frustrating day at the office, that nothing would be lovelier than leaving the rat-race and running your own cafe. But beware of the grass is greener over the fence philosophy. No matter what franchise you take on, it is likely to involve hard work, and this will never be satisfying unless it is something that you are passionate about.