Featured Franchises
Primary industry: Care
Minimum investment level: £25,000
Primary industry: Home care services
Minimum investment level: £30,000
Primary industry: Care
Minimum investment level: £29,500
Primary industry: Air Conditioning
Minimum investment level: £16,000
Primary industry: Sweet Shop Franchise
Minimum investment level: £12,000
Primary industry: Business to business
Minimum investment level: £70,000
Primary industry: BPO
Minimum investment level: £33,000
Primary industry: Children's entertainment
Minimum investment level: £4,950
Primary industry: Online Real Estate Advertising
Minimum investment level: £10,000
Primary industry: Websites, software and web marketing for estate agents
Minimum investment level: £5,000
Primary industry: car and van rental
Minimum investment level: £8,000
Primary industry: Magazine Business to Business
Minimum investment level: £4,950
Primary industry: Electrical Contracting
Minimum investment level: £26,000
Primary industry: Weddings
Minimum investment level: £17,500
Primary industry: Property services
Minimum investment level: £5,000
Primary industry: Automotive
Minimum investment level: £12,000
The Opportunity in Government Regulation of Business
If there is one thing any British entrepreneur will tell you, it’s how
much the government likes to have a ‘hand’ in how they run their
businesses. As a non-Brit born entrepreneur operating in England, I do
sometimes despair at how much regulation there is and how very little
faith the powers that be have in our ability to be adults and run our
businesses responsibly. I reckon it’s all about the old adage of
“punish the group, instead of just the naughty.”
Unfortunately, until we can all put ourselves forward to be MP’s (and
who really wants to?) - we have to grin and bear it. After a lot of
thought on the subject and being quite bored from fighting it, I have
to say that along with regulation... comes an element of opportunity as
well. If you, in your industry or specialism, can find a way to work
with the regulation and even find a window of advantageous possibility
– you may well surprise yourself with what you find.
What do I mean by this? The one defining thing about regulation
is...you have to do it. By businesses having to comply to some form of
rule or regulation in order to operate, there may be an opportunity to
provide a service or product that helps the business owner do this in a
cost effective and painless manner. Most business owners are happy to
pay for someone to ‘just sort it’.
Tips on How to Make The Opportunity Yours
1. Ask yourself: What regulations do you know of, that have recently
come in (or are about to) and what do businesses have to do or change
within their operation to comply? Also – when does the regulation come
in (if it hasn’t already) and how much time do business owners have to
get themselves sorted.
2. Map out what your strengths are and where can you help? Draft a
service package or product outline of what you can do and/or provide
and get some feedback from a few business owners to see if it’s
something that they would find useful.
3. Research the size of the market and the potential for profit. Do
some serious market research to ensure that should you embark on
providing this product/service, there is definitely a good reason to do
so!
4. Carefully choose the right partners and routes to market that will
suit your service/product and maximise the opportunity for your
business.
5. Be smart: Automate and outsource how you can provide this product or
service! This will help create a ”bolt-on” revenue source that will add
value and not drain your current business.
Always remember to apply the smart principles of Franchising behind
every new element you want to add to your business. Why? Because the
basis of franchising is that it doesn’t need you in the model – it runs
itself or is easy to teach someone else to do.
http://www.expertfranchiseguide.com
Get Shelley’s FREE report that outlines ‘The 7 Critical Realities You
Need to Know Before You Buy a Franchise’ by clicking here and going to
‘Want to Start a Business’, or
Get your copy of her e-book ‘buying a franchise: A Route to Entrepreneurship’ by clicking here.
