How is it that in every franchise network the products and services of each franchise are the same, the brand is the same, the currency is the same, the market place and language used is the same YET there are always some really top performers in the network that outperform the rest?   The difference is the franchise owners themselves. The difference is their ‘state’. They might be naturally blessed with a…
“My mate told me that he has just made £1,000,000 after only investing £2,000.00. It’s true, he is loaded.”   The odds of that being true are far greater than £500,000 to 1. In fact, I have never come across a business success story which doesn’t involve intelligent, controlled, hard work.   There is a simple rule of thumb in business and franchising: if something sounds too good to be…
Before you invest in any business, you need to hear about the challenges - the bumps in the road. This is so important. Franchisors are sometimes fearful that franchisees will be turned off if they raise the challenges like long hours, early start times, staff management and accounts.   My argument is that if you are turned off by the mention of these things then you should not invest in any franchise…
It’s simple. Do the things that your franchisor (the expert) sets out in your franchise agreement and manual, at the right rate with the right attitude.   This will bring you maximum success and, worst case, will enable you to engage in constructive discussion with your franchisor.   When choosing your franchise look at the systems and that have been set out and ask yourself two questions:   …
My advice is as follows:   Start with what you need to live your life as you are doing right now   Then find a franchise that will potentially and realistically give you that income   Then check if you can raise enough money (remember to factor in any borrowing costs!). A franchisor will have plenty of serious options for you to finance your choice or they…

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