Franchise Recruitment - Taking the Franchise Plunge
With the recession hitting businesses hard and unemployment at 7.1% - up 0.8% over the quarter and 1.8% on last year (source: Office for National Statistics) - a significant number of people are considering going into business on their own. And with so many options available and promises of quick cash, you need to have your wits about you when navigating the minefield.
The truth about going into business on your own is something entirely different and while the opportunity for riches is achievable, the only true secret to any business venture is hard work. There really is no getting around it: the harder you work at making your business work, the more successful you will be.
Once you have taken the decision to 'go it alone', which in itself is a life-altering decision, the next step is to decide whether to start up a new business, purchase an existing business or to go the franchise route.
The franchise route is one that offers new business owners a structured approach to business and can provide support necessary when starting up on your own.
The term 'Franchising' has been used to describe many different forms of business relationships, including licensing, distributor and agency arrangements. The more popular use of the term has arisen from the development of what is called 'business format franchising'.
According to a Nat West/ British Franchise Association (BFA) Franchise Survey 2009, there are 835 franchise systems in the UK with 34,600 franchised outlets. Accordingly, the sales turnover for the franchise market is
