Why buying the right franchise is a positive and life-changing experience. How a franchise can help you spin all the plates necessary in business. Chris will discuss a variety of topics such as how franchising enhances your life/work balance, as you manage your time to optimum effect, allowing you time to balance family demands while making an excellent living. Most franchise companies offer a comprehensive training program that enriches the franchisees'''' skillset: the practical skills required to do the job, soft skills such as sales training, business management training and how to actively market their business. And good franchisors will provide on-going support in all these areas. Brand loyalty and affection take years to build; franchising allows you to leverage the existing brand and benefit from launch.
Last but not least, franchising offsets the risks and uncertainty of starting a business from scratch Consider the banks'''' figures, which show that 9 in 10 franchises will succeed and still be trading after five years, while 9 in 10 start-ups will fail during this same period (Lloyds Bank, 2011). This demonstrates that franchising is an attractive proposition.