Taking on a franchise is an option worth considering for anyone who wants to run a business but doesn't have a specific business idea or prefers the security provided by an...
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The term "franchising" can describe some very different business arrangements. It is important to understand exactly what you're being offered.

Buying a franchise can be a quick way to set up your own business without starting from scratch. But there are also a number of drawbacks.

As with any new business venture, you need to consider carefully whether you have got the right skills and attitude to run a successful franchise. Analysing your own...
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You can find out about possible franchise opportunities from a range of sources.

To assess if a franchise represents a sound business opportunity, you'll need to consider:

When calculating the likely cost of a franchise, you need to take both initial and ongoing fees into account.

There are a number of key things you need to consider when planning to purchase a franchise. It is worth thinking about the following:

The franchise agreement is crucial. Don't sign any agreement, or pay any fees or deposit, until you have taken legal advice from an attorney. Get a specimen contract for them...
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