Franchising is a fantastic way to start and run your own business – it provides you with an opportunity to earn a high income but with the support and back up of the Franchisor behind you.
Starting a new business always carries a risk – new businesses are vulnerable and can vary on your own;
- Financial resources
- Relevant abilities
Many who start up their own business lack some or all these qualities. Many fail because they cannot learn quickly enough and the money runs out.
With a franchise this risk is reduced because you are buying the experience and expertise of the franchisor. This will help you to avoid making the same mistakes that they have made during their trading life.
PetStay has successfully run as a franchise for over 6 years, with 41 branches across the UK. With Walkies Down the Aisle, PetStay has developed a similar plan that allows franchisees to work flexibly within the wedding industry.
97% of franchisee-owned units reported profitability
This advantage is born out by research by the British Franchise Association. This shows that up to half of all independent small and medium sized enterprises are widely said to fail within 12 months, and half again within a further two years; by contrast, less than 5% of franchise businesses suffer a similar fate annually. This figure has remained consistent for many years.
More information can be found about franchising on the British Franchising Association website.
For more information about our wedding chaperone service Walkies Down the Aisle email Carole on email@example.com or call the team at Head Office for a informal chat on 01482 307684.