By Matthew Record
ISBN-10: 0585243093
ISBN-13: 9780585243092
ISBN-10: 1857034848
ISBN-13: 9781857034844
This advisor deals special and sensible recommendation and knowledge approximately how to define, finance, purchase and run a winning franchise.
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There are currently more than 570 business format franchisors offering a multitude of investment opportunities ranging from a few thousand pounds to hundreds of thousands of pounds. Combining a proven business formula with independent self-employment has established franchising as a relatively low-risk way into business. A franchise is one of the safest ways to run your own business with the success rate in this field currently standing at an impressive eight out of ten. This compares with an eight out of ten failure rate for independent business start-ups.
Do not let yourself get so involved with an opportunity that overenthusiasm for the venture prevents you from making sound judgements based on logic and common sense. Before committing yourself to anything talk to as many unbiased people as you can and only when you are 100 per cent sure in your own mind should you continue. Avoid talking to friends at all costs. Even the best of intentions have a habit of turning sour and, at the end of the day, it is your money and you will have to live with the consequences, good or bad.
An excellent and cost-effective research method is to contact the cuttings libraries of newspapers in your franchisor's locality and request any relevant articles involving your franchisor. They will either forward their findings or invite you to browse through their library. uk Interactive CD-ROM In addition to the information available from the internet a company called CDFEX has produced the world's first interactive franchise exhibition and directory on CD-ROM, exclusively endorsed by the BFA.
Taking Up a Franchise (Small Business) by Matthew Record
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