Why Franchising Is Safer For Self-Employed?

icWales:

Most people dream of becoming self-employed, escaping the boss and working for themselves.

Yet many people are put off doing this, scared off by the thoughts of failure, intimidated by the size of the task ahead and simply unable to afford the huge financial outlay needed.

Certainly people are right to be cautious. The failure rate for start-ups is incredibly high.

But research by NatWest and the British Franchising Association found that while in the first five years of trading 80% of independent start-ups fail, over the same period more than 90% of franchises succeed.

But both involve striking out on your own and creating a new business. So how can these figures be so dramatically different? Continued…