Franchising offers a great way to become your own boss and run a business, while still retaining an association with a head office organization that can provide the training, support and national presence solo start-ups have to cope without. Professor Roy Seaman CFE provides 10 tips to make your business a success
1/ Start your research by reading printed franchise publications and websites, e.g. Irish Franchise Magazine and Ireland Franchise Directory. By going through the publications, you will be able to create a shortlist of some of the most important and genuine business format franchises that appeal to you.
2/ Having shortlisted 10-20 opportunities, visit their websites and register your interest in owning and operating the franchise, as well as requesting copies of their prospectus. This will often help you to identify the more serious players. Alternatively, you can register on franchise publication websites to request further information on the opportunities of interest.