‎PR.com:
Research undertaken by leading franchise opportunities resources website, www.totalfranchise.co.uk has found that the issue of being able to raise funds for the initial investment to start a franchise, is the biggest concern to prospective franchisees.
Users of the TotalFranchise Group of sites, that attracts over 40,000 unique visitors per month, were given a choice of five different factors that they could cite as their primary concern in starting a business at present. Over half of respondents (56%) advised that raising funding was the biggest issue in their minds.
The survey also found that, as the primary concern about starting a franchise, 21% of potential franchisees lacked confidence in the franchise model to work as expected, 4% had a fear of failure, 4% had concerns over cash flow whilst building a business and only 2% had concerns about their skills to run a business.
