Whether you know a little or a lot, franchising can seem complex at times.
This guide will strip it back to its basics to give you a solid understanding of the ins and outs of the industry, and provide information on how you can get involved.
What is a Franchise?
Franchising is a way for businesses to grow into new areas by selling the use of their brand to people who want to run their own business.
The 'franchisor' (brand owner) provides support to a 'franchisee' (brand buyer) to help get them started.
Choosing the right one
A common issue when trying to find the perfect franchise is to limit your choices to the industry background that you've come from.
The good news is that a majority of franchises don't require you to have any experience in their industry.
All franchises require an initial investment to buy into their business model.
If you don't have the initial cash available to finance your franchise (a very common hurdle for most people), you might be left wondering 'how am I supposed to finance this?'.