Entrepreneur and former star of BBC’s Dragons’ Den, James Caan exclusively shares his experience of running franchises to The Franchise Magazine
Franchising is a field close to my heart and my first foray into this dynamic sector was Humana International, an executive recruitment business. I grew the business from nothing to a successful global brand with 147 offices across 30 countries.
I would say the key lesson I learned from the experience is that franchising is predominantly about backing the right people. Who I always look for are individuals who have that passion, determination, conviction and unquestioning belief in themselves. I firmly believe that any successful business is a direct reflection of the people behind it. Now at my private equity company, Hamilton Bradshaw, I have continued to follow that mantra and ‘invest in people’.
Selecting the right franchise… continue reading this article.