With such a variety of businesses making staff at all levels redundant the British Franchise Association (bfa) feels it is essential to try and get objective advice to those that may be looking at franchising as their next step. It is proven time and again that franchises remain inherently more successful than non-franchised business start-ups. As a result, you are more likely to secure funding on a franchise than if you were trying to start up a small business from scratch. This attractive package naturally becomes a serious consideration for many individuals looking to start up a business, especially when the number of unemployed is on the increase.
As a result, it is understandable that many would believe the idea of a franchise to be a quick and easy solution to a redundancy situation. But it is vital that the possibility of a franchise is taken seriously. Franchising is not a quick-fix solution. Today franchising encompasses a whole multitude of business disciplines and markets.