Franchising has revolutionised retailing. Purchasing a franchise can provide you with an easier and more cost-effective way to enter an industry. Other benefits can include access to developed products or services, the provision of an established business system, training and business advice, group advertising, and lower business risk.
However, it's important to recognise that buying a franchise isn't a magic formula that guarantees business success. This will depend on many factors, including:
the franchise concept and system
the management expertise of the franchisor, and
your own enterprise, initiative and commitment.
Here you'll find information on the advantages and disadvantages of purchasing a franchise, what you need to be aware of, the potential expenses, and the financial solutions that can make all the difference. We can help you get your franchise up and running faster.
"Good franchising is very good. It is undoubtedly the most efficient, effective distribution system ever invented. It is the greatest invention of Western capitalism since the invention of the corporation. Good franchising is so much better than independent small business operation and bad franchising is so much worse."
Professor Andrew Terry in the 1997 Fair Trading Report, which led to the introduction of the mandatory Franchising Code of Conduct.
