The University of Winchester recently invited the world’s largest franchisor of home serviced franchise brands, Neighbourly®, to an event by the Faculty of Business, Law and Digital Futures, of final year business students presenting their projects. Over 20 students showcased their ideas and creativity to a panel of experts, including Joshua Barker and Daniela Healey of Neighbourly, and together they chose a worthy entrepreneurial winner who will now develop and launch their new busin...Read More
It's key to understand that Business Opportunities and Franchises are not the same. There are less restrictive nature in terms of operation, branding and territory restrictions, their low initial investment fees and lack of ongoing fees when running and operating a Business Opportunity instead of a Franchise. However, remember that you don’t get the ongoing franchise support for a business opportunity, and that you need to conduct extra research with a business opportunity compared with the franchise research undertaken, since it may not have the same legal obligations as franchises do to disclose certain details about the business, like the financial health of the operation. A Business Opportunity does not include documentation such as The Franchise Agreement.