How to Join a Successful Franchise: Our Team Share Their Stories
Starting your own business is not for everyone. It can be a daunting prospect, but the latest statistics reveal that 64% of the UK workforce want to start a business. Even more encouraging is that 83% of 18-24 year-olds dream of self-employment.
Currently, 99.2% of the UK’s business population are SMEs. But while the above figures prove that entrepreneurialism is still very much at the forefront of peoples’ minds, nearly 20% of new businesses (on average) will fail in the first year.
The good news is that the franchises in the UK now contribute £17.2 billion a year to GDP. Let’s throw some more statistics at you - 93% of franchisees claim they are profitable, and fewer than 1% close within the first year due to commercial failure. A principal reason for this success is that when you buy into a franchise, you get a well-known brand and immense support and insights from the franchisor. So, how do you join a successful franchise?
How to join a successful franchise
If you’ve been thinking about joining a franchise business but are unsure where to start or whether it’s a good investment, let us help you. Franchising gives you a great opportunity to build your own business with a lower investment risk and the valuable support of the franchisor’s considerable knowledge and experience.
That’s not to say you won’t have hurdles to overcome; every business does. It’s also not a guarantee to growth and success; that takes hard work and commitment. But it does give you a great opportunity. So, here are our top 6 tips for franchising in the UK.
Secure sufficient funds
As with any new business venture, making sure you have sufficient funds to invest in a franchise is crucial. It’s not just the initial investment either. You need to cover day-to-day life as well. In many cases, funding is available.
A franchise to suit you
Not every industry suits everyone, so before you invest in a franchise, take the time to find an industry aligned with your interests, skill set, experience and priorities. Research thoroughly before you decide. Some great franchise opportunities don’t necessarily require experience or skill. For example, a franchising opportunity with it’seeze doesn’t need you to be an expert in building or maintaining websites as our team does this for you.
Follow the tried-and-tested franchise system
One of the reasons why franchising is so successful is the level of support, training and resources provided for franchisees. It’s in the franchisor’s best interests to give their franchisees all their expert guidance and hands-on coaching, making sure you have all you need to turn your franchise business into a success. You can also benefit from the knowledge and experiences of other franchisees within the network.
Create your business plan
When starting a business, a business plan is central to your success. The cost of a franchise varies; indeed, the average cost for a franchise is £42,200, making it a significant investment. The advantage is that lenders are more likely to provide the financial needs to invest in your franchise based on a comprehensive business plan.
Take advantage of the franchisee and franchisor network
Starting a business can be quite isolating at times but, with a franchise investment, there is always lots of support. Make sure you take advantage of the opportunities from the franchisor, such as ongoing training and new initiatives, as well as fellow franchisees. Their experience and knowledge is a valuable asset to help you overcome any challenges.
Don't forget to be kind to yourself
Running a business is hard work and takes a lot of commitment. However, working yourself into the ground won’t help you or those around you. So, ensure you maintain a good work-life balance, spending time with family and friends, keeping up with other commitments and hobbies, and not being afraid to ask for help when you need extra support.
A key benefit of a franchise is that you will have the security of an established brand behind you with access to all the support and resources you need.
Why an it'seeze franchise?
If you’re considering starting your own business, you won’t go far wrong by investing in a franchise. At it’seeze, our web design franchise gives you the opportunity to invest in a proven franchise business model for a highly affordable investment fee that’s less than £6,000. We know it’s a great opportunity, but don’t just take our word for it; here are some of our franchisee success stories.
Mike and Gemma
...started as it’seeze customers before investing in a franchise with it’seeze. Their background is in digital marketing, the it’seeze business model and the opportunity for more flexible lifestyles were drivers to starting their business. Within just 4 months, they made their franchise investment back. “We were so impressed with how easy the editing system was and the standard of web design.”
Mark
...always knew he wanted to run his own business, and when working in the corporate sector meant long stays away from home, and wanting to start a family, knew it was time to make his dream a reality. Considering a franchise in the marketing sector, Mark found the it’seeze franchise model the ideal business opportunity where he could use his skills and dedicate time to his family life. Record sales and rapidly approaching his 150th website, Mark has never been happier. “I can honestly say that I love doing what I do.”
Nick
...was already running an independent web design agency but struggled to grow the business, despite working long hours. But an investment into an it’seeze franchise turned around his business success. Within his first year, he had sold 40 websites and has found that with head office building the sites, he has the time to market his services and build his client list. “As an it’seeze franchise, I can deliver better client service at a lower price than I could have as an independent, and I have time to expand my business. It’s a win for everyone."
An it’seeze franchise allows you to be your own boss, backed by exceptional web design and support teams, extensive training and access to all the resources you need to make it a success. With a low investment fee of less than £6,000, it’s your turn to shine and thrive in your local area, and you don’t need any web design or digital marketing experience. Schedule a Discovery Call today to find out more about it’seeze franchises.
If you are looking to become your own boss and are considering going down the franchise route, why not consider a web design business of your own from the it’seeze franchise?
Here at it’seeze we have a brilliant team ready to help you turn your business into a success, our business model has proven successful over more than a decade of franchising, and our initial investment fee of under £6K is far more affordable than the average franchise cost.
Not quite sure? Why not have a read of our success stories from our current franchisees by clicking here, they'll show you why this is the best franchise to own!
To learn more about our digital marketing franchise opportunity, get in touch today.
Tagged as: franchise opportunity, Join a franchise
Share this post: