Taking on a franchise is an option worth considering for anyone who wants to run a business but doesn't have a specific business idea or prefers the security provided by an established concept.
The right franchise can give you a head start. Instead of setting up a business from scratch, you use a proven business idea. Typically, you trade under the brand name of the business offering you the franchise and they give you help and support. See should I buy a franchise?
Successful franchises have a much lower failure rate than completely new businesses. However, you will still need to work hard to make the franchise a success and you may have to sacrifice some of your own business ideas to fit in with the franchisor's terms.
This guide will help you decide whether franchising is for you. It shows how you can find the right franchise and highlights the key issues you need to consider.
Structure your business
Name your business
Register your business
Buy a business
- Buy an existing business
- Buy a franchise
Choose your premises