Advice for joining a franchise

Franchising is a means of starting and running your own business with a very high success rate - providing you choose a good franchise opportunity in the first place.

A good franchise opportunity will offer you a proven business format with both the initial and continuing support that you will need.

Your franchise will work under the brand established by your franchisor, using the business system they have developed and proven in the marketplace.

You will pay an initial fee to set up the franchise and to allow you to use the brand and the proven business format.

You will pay continuing fees for ongoing support that will help you to operate and allow you to build the franchise, eventually building a capital asset that you can sell.

Joining a franchise has created new lifestyles for thousands of people, but you need to know if franchising is right for you and you are right for franchising. You also need to consider the options available. There are many different businesses now adopting franchising, so you will need to spend time understanding the individual franchise opportunities and which one may be best for you.

There are advantages and disadvantages to franchising and many considerations to make. The bfa has put together some key resources to help you in this decision. Visit the bfa’s Franchisee Resource Zone.

Access the bfa’s educational seminars about joining a franchise.

 
 
  • Chris Gardiner, Jayne and Dave Gardiner
    Certax Accounting Ltd - Franchisee case study

    Having worked in the accountancy field for several years, setting up my own practice had always been my aspiration – although a daunting prospect, when preparing to take the first steps of ‘doing it on your own’.

    Read the full case study View franchise details
 
 
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