Time for a change? Buying a franchise?
The impact of COVID-19 may be felt for many months to come and will result in a number of people considering a change of direction or career. For some, the prospect of buying a business and being in more control of your own destiny will be appealing. Franchising will be a popular option for those who have not owned a business before and a number of franchisors have seen their levels of enquiry increase over the lockdown period.
Franchising gives people the opportunity to own their own business but also to be part of a structured system that provides mentoring and guidance. During the current crisis, it has been valuable for franchisees to be part of a wider franchise system to receive support regarding dealing with suppliers, landlords and understanding the Government assistance available. These are just some of the benefits of being part of a franchise system as opposed to being out on your own.