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Choosing a Franchise
If you are considering changing career and wondering "is a franchise right for me?" then there are some key questions that you will need to ask yourself before diving head first into the exciting world of being a franchise owner and choosing a franchise.
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Is franchising right for you?

Taking the step from employment into self-employment is quite rightly a rather intimidating one. You have to consider finances, security and your future. If you are one of the many people who are considering a franchise business and asking yourself "is franchising right for me?" then there are some key questions that you will need to ask yourself before diving head first into the exciting world of being a franchise owner and you choosing a franchise.

Choosing a Franchise

1. Do you have the necessary skillsets of a successful business person?

The world of franchising is an incredibly diverse one. There are a wide range of UK franchise opportunities available that range from home delivery of well-known brand products such as Trophy Pet Food to providing vehicle repairs such as Revive.
Choosing a Franchise | UK Franchise Opportunities

Due to the many business opportunities available, some skills may be required pending on the franchise that you choose and that is right for you. Some franchisors such as ChipsAway do not require you to have any skills or experience in car body repair as they will provide you with the necessary training and support.

Other franchisors such as DNS Accountants will require you to have some form of accountancy experience and training although they also offer guidance and support for your business.

The main qualities sought by a franchisor are dedication, commitment and the right mindset to ensure that your business is successful.

Choosing a Franchise | UK Franchise Opportunities2. Do you handle stress well?

Setting up and running any business is stressful, and this includes franchises (albeit that when compared to starting from scratch they are less so); to this end you need to really consider how you handle stress and approach problems.

Only the most resilient of characters with the most positive of approaches will succeed in having a successful business. Take a look at the various case studies provided by franchisors with regard to the success of their franchisees.

3. How much sleep can you survive on?

For the first few fledging months as a franchise owner you are most likely going to be going to bed late and getting up early. The beginnings of setting up a franchise are then only for the brave hearted who are willing to forgo sleep, as well as weekends, social events and at least a year’s worth of holidays, in exchange for corporate success. You will need to have a high level of dedication and commitment.

4. Have you weighed up your financial situation?

You will need to consider your financial position. A franchisor will require an investment fee which differs pending on the franchise package offered. You will need liquid capital as well as obtain investment to start your franchise.

Most franchisors assist to get your business of the ground to ensure that you start earning an income as soon as possible. Filta Environmental for example offers their franchise owners commitment to increase their profitability year after year. They are dedicated to providing their franchisees with new and improved Environmental Kitchen Solutions, so they can maximise the earnings potential.

5. Will you actually enjoy the franchise business?

Whilst franchising can and does lead to successful futures with increasing profits year on year, it is still important to be realistic. As with starting up your own business you will need lots of determination to make your business successful.

The advantage that you have as a franchise owner is that you have the support of a well-known behind you to offer guidance and support.

Choosing a Franchise | UK Franchise Opportunities

Why not use our resources page to find out more about franchising or use our search facility to browse the number of franchise packages and business opportunities so that you can make the best decisions in choosing a franchise that is right for you!

Business To Business franchises you might be interested in..

Wilkins Chimney Sweep
Wilkins Chimney Sweep

The Wilkins Chimney Sweep franchise model ticks the boxes for a sustainable, growing, profitable business.

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Kiddleydivey Music Franchise
Kiddleydivey Music Franchise

An ideal opportunity for motivated individuals with the desire to build a profitable business and utilise their interest in music

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Leadership Management UK
Leadership Management UK

Leadership Management UK offer a unique business coaching and training programme to help businesses succeed.

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Aspray Property Franchise
Aspray Property Franchise

If you’re passionate about property, Aspray’s project management franchise is your opportunity to turn that passion into a lucrative business.

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Money Advice and Planning
Money Advice and Planning

Become a fully qualified Independent Financial Advisor with MAP

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The Franchise Consultant - Franchise Consultancy
The Franchise Consultant - Franchise Consultancy

Franchise Business Consultancy - Take control of your lifestyle, build connections and earn a fantastic income in a high-demand industry

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