Taking that first step to becoming your own boss....

We’ve all been there, sat at work during a hot summers afternoon just vying for the clock to go quicker.

For some, the thought of becoming their own boss can be a daunting process, as there are endless tasks you have to comply with before you can even consider the fancy design of your logo.

So how does one leave their mundane, uninspiring job and become their own boss without all the legalities, research, RISK, lack of branding and reputation? The answer is simple; the answer is Franchising.

For many, franchising is a concept that hasn’t been fully educated and fortunately Universities are now including this sector within their business studies. I say ‘fortunately’ as franchising is crucial and you may question how a concept that isn’t fully recognised can be described as crucial? For a concept that hasn’t been fully educated it’s certainly making its own impressive contribution towards the UK Economy. The recent franchise survey carried out in collaboration with The British Franchise Association and Natwest highlighted the ‘crucial’ contribution this particular sector had made towards the UK Economy. In fact, over the past 10 years the franchising sector had witnessed an increase in its contribution towards the UK Economy by 46% to a staggering £15.1 billion. This figure has also prompted banks such as Natwest and Lloyds to increase their lending leverage through their respective franchising divisions, making it even more accessible for you to become your own boss.

I must point out that most Franchise brands will help you produce a detailed business plan to present to your chosen bank whilst applying for franchise funding. Enhancing the mantra of you not being by yourself when investing into a proven franchise model. One of the main pulling powers of buying into a franchise is the fact that you’re buying into a proven model that can be easily replicated within your own chosen territory.

So what’s your next step? If you harbour serious ambitions of becoming your own boss, enjoying a flexible lifestyle and potentially earning more money for yourself, then we strongly suggest that you view and collect information on a number of franchises that initially grab your attention. This can easily be done through Franchise Supermarket and it’s vital that you meet and undertake comprehensive due diligence on any chosen franchise. If you require any further advice or guidance then please do not hesitate in making contact with us.