Weekly Advice On Developing Your Own Biz


Dear Biz,

I was recently made redundant and have been thinking of buying a franchise.

What are the pros and cons, and what should I look out for?

Tony, by email


Biz says: Only you can decide if it is a good option for you.

You need to thoroughly research the franchise you are thinking of taking on.

And you’ll need to do a business plan, in the same way as you would if you were starting your own business from scratch.

That process will help you work out vital things such as set-up costs, typical returns you can expect, if you are right for franchising and whether there is actually a market for the business in your area.

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