nebusiness.co.uk:

Is a franchise the recipe for a happy business marriage or the backdrop to an inevitable battle of independent minds? Jez Davison asks 3 Teesside business partners who said ‘I do’.
union-jack.jpg

Former chef Derek Lancaster is one of the growing breed of Teesside workers who’ve ditched their day job to run a franchise. ’5 years on, I can say I made the right choice,’ he says.

Others obviously share Derek’s enthusiasm for the civil partnership of the business world because franchised businesses in the UK are growing 5 times faster than the overall economy. Although still a small sector, last year their turnover increased by a
spectacular 15%, compared to UK Ltd’s compared with a relatively modest 3.1% rise in GDP. But then the 34,200 franchise operators include some of the biggest names in business who’ve stamped their brand across the UK on the back of a network of faceless, but often highly profitable, entrepreneurs.

For many of them, taking on a franchise offers a comfy alternative to the scary prospect of starting a business alone and from scratch. The opportunity to buy into an established brand with a proven business model and a ready-made order book seems much more attractive than getting your own idea off the ground.

Continue reading…

 

Originally posted by Cris Zimermann on April 8, 2008 in Franchise Site.

StumbleUpon


Related Posts

import export business