FOR those whose jobs are at risk, looking for another one is not your only option. If you have ever considered running your own business but don’t know where to start, or feel that you don’t have the ‘right’ skills – there is more than one way to become your own boss.
Entrepreneurialism depends on the development of an idea that can be transformed into a viable business and as a practice, it is inherently risky. People who have become accustomed to being an employee may not necessarily be an entrepreneur, but they more than likely will possess the skills and experience needed to run a business.
Franchises provide the opportunity to take control of a ready-made business. From motorcycle maintenance to spray tans, sandwiches to cleaning, there are franchises to suit all interests.
Starting a business with a proven business model and established brand has been shown to be more successful than starting your own independent business. Franchised businesses have weathered the recessional storm extremely well, which is hardly surprising when we consider how easy it is to recall five popular franchises when asked.
The combination of the business support, training, determination and a local business focus makes franchise businesses a very robust offering.
Consider the following statements:
Never be made redundant again
Create your own security
Determine your own income
Work the hours that suit you
Do a job you really enjoy.
For more information visit the British Franchising Association website: www.thebfa.org
Be Franchising and The Business Factory are hosting free events to explain more about franchising on August 17 and October 12, both from 6pm to 8pm.
If you require any support or advice on setting up in business or developing your existing business, call Tedco on 0191 428 3300, email bussupport@tedco.org or visit us at www.tedco.org
To book a free place at the franchising events or for more information contact The Business Factory on 0191 263 6093 or email info@businessfactorynt.co.uk
:: Carole White, business support manager, Tedco