You may have heard about franchising but would you like to know more? Well, it does what it is says on the tin – franchising is being in business for yourself but not by yourself. What is inside the tin? What is a franchise? What is involved in researching the marketplace? What about the finances? What can franchising do for me?
Firstly, here are the key industry statistics taken from the latest NatWest/bfa Franchise Survey. (bfa stands for British Franchise Association – the voluntary self-regulating body for the franchise industry.) You may be surprised by the scale and scope of the industry.