Jobs and Careers with James Caan 2012 - (Page 260)

franchising 120 Backing business not ready to start up your own business? Why not back an already established company by joining a franchise? The franchising industry has grown rapidly over the past 20 years and currently has a turnover of more than £5 billion. Franchising is a great opportunity to get started in business, without the worries that can arise when starting out on your own. Essentially, a franchise is an agreement that exists between a company and the franchisee, whereby the latter is licensed to sell the organisation’s product or service. For this reason, you will immediately be associated with an already-established brand, with a secure reputation critical for ensuring business development and growth. This doesn’t mean that it is by any means an easy option, but if you’ve got that entrepreneurial drive then becoming a franchisee could be the perfect fit. Things To consider British Franchise Association on investment level: The average start-up cost of a franchise is £46,600; this is formulated from a number of charges including franchise fee, equipment, stock, training, working capital and other such charges. However, levels of investment range widely from less than £10,000 (that you may already have available) to larger amounts such as several million pounds. But it’s important to understand that the different levels of investment reflect the franchise's set-up costs, for example a franchise which allows you to work from home with just the need for a computer would have very little set-up costs; there would be no rent to pay, no vehicles, no staff, no Your business with James Caan machinery or other such overheads. On the other hand, entering some cleaning franchises may involve more investment, such as a branded vehicle. And so as the need for more complex machinery, vehicles, stock or property increases, so do the investment levels. Obviously a well-equipped fast food restaurant has to invest into some serious equipment and property, a hotel even more so. Financially the major banks are more supportive of a good franchise, and so they show greater lending favour to those entering a franchise rather than a "A franchise which allows you to work from home with just the need for a computer would have very little start-up costs; no rent to pay, no vehicles, no staff"

Table of Contents for the Digital Edition of Jobs and Careers with James Caan 2012

Career bites
What really counts
Weighing it all up
Around the world
Ask the experts
Growth sectors
Train your brain
Homework
Carve a career in care
Here come the girls
Mum’s the word
An apple a day
It’s for you-hoo!
A step forward
His & hers
Bank on it
Risky Business
In the money
3 Specialist medical jobs
The stuff of life
Power on
Engineering heroes
Outside the box
Keeping it clean
Your Business with James Caan
Go Go GadGets
On trend office
Take my advice
Getting Going
The bank job
Make the most of your assets
Back to business
The law and you
HR Matters
Make it work
Into the cloud
Design & shine
Reach out
Gorkana and Gurkhas
Protect and prosper
Making it count
Your business or your life?
Nice supplies
Beginning business
Ship it
Ethical business
Backing business
Standing together
Top 10 hiring tips

Jobs and Careers with James Caan 2012