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Franchise - setting up your own business

Are you dissatisfied with being an employee and reporting to someone else? Perhaps you're an executive who has been displaced. Do you feel like you've spent your life making money for others but not for yourself? Have you thought about owning your own business but don't know where to start? Would you like to lower the risks associated with business ownership? If you said 'yes' to any of these questions, perhaps you should be looking into a franchise business.

A successful franchise is a network of independent businesses that allows a number of people to share the benefits of distinct brand identification, a successful, documented business plan and a strong marketing, distribution, and support system. If you'd rather own a successful McDonald's than an independent burger drive-in, franchising may be right for you. To find out more research the information available at The UK Franchise Directory, Franchise Direct and Which Franchise.

The local Job Centre might be able to provide support through a consultant who will help you identify franchise businesses that meet your criteria based upon your goals, skills and preferences. There has to be a good match as the franchise company does not want failed start up companies. Even through they may be able to protect their fees and costs it is not good for the business if many potential new businesses fold.

Many franchises can be run from your own home with the help of computers and technology. Such businesses lower their start up costs by not requiring a traditional commercially rented office. Overheads are also lowered, putting more cash in your pocket. Instead of paying out you might be able to offset the cost of part of your property because you turned it into an office and so reduce some of your taxation.

Further savings are made in not having to commute to work; which not only saves expense but a significant amount of time.

Check the regulations in your neighbourhood. Have possible scenarios in your mind before problems that could arise and plan out what you think you need.





The UK Franchise Directory

Franchise Direct

Which Franchise

Last updated 5th March 2009