You might be looking to venture into the business world for the first time, I wish I knew this before I did! One of the common mistakes when individuals are looking to explore something new in business, is to compare either a franchise opportunity or stand-alone business, and (in my opinion) this
Are you tired of the uncertainly of 2020 and keen to do something by yourself and start your very own business? Maybe you have even heard of franchising as one way to do this, but know very little about it? There are many areas that you need to be aware of, here is just one of them for you to think
The market in 2021 has shifted in a way beyond imagination in literally a matter of months, from traditional bricks and mortar sites to now the development of virtually ones has been an eye opener, food brands seem to have been fairly resilient of late, but which type should you opt for if you are
Becoming a franchisee enables investors to be business owners without having to set up a brand from scratch and risk financial instability with a brand-new business model. So, it’s no surprise that running a franchise tops the priority list for savvy entrepreneurs all across the world.
If you own a restaurant – or plan to in the future – hiring staff should be a key concern. According to YouGov, the hospitality industry in the UK has an annual staff retention level of just 70 percent – well below the UK average of 85 percent.
Are you interested in running your own home care franchise? If working within the caregiving sector appeals to you and you’re thinking about making an investment, it’s important that you first understand how to effectively run your franchise - including how to market your business effectively.
There are so many inspiring women in business, ready to share their expert advice and guidance with the world. Prepare for incoming inspiration, courtesy of Point Franchise’s curated list of the best women-led podcasts for entrepreneurs.
Franchise Agreements: Franchise solicitor John Pratt discusses the need for the vital part of the relationship between franchisee and franchisor. It is a fundamental part of franchising that franchisees do not do their “own thing” and adapt the in whatever way suits them.
One top benefit of the franchise industry is how much franchising training and support you receive. Franchisors provide various levels of guidance and assistance to help you succeed. In some cases, they supply support programs for that initial launch and growth.
In the competitive business world, innovation is the driving force behind growth and success. Innovation is critical for survival, even in the franchise industry. Across the UK, franchises are finding new ways to adapt, innovate, and thrive in a fast-chan
Marketplaces, or online portals, are digital platforms that connect sellers and buyers. While the model has gained a foothold in B2C and B2B markets, they have quickly become the main channel franchisors use for franchisee recruitment.
Need some tips for training franchisees? We're here to help. Keep reading to find out how you can provide your investors with the information to be successful business owners and develop a high-quality franchisee training scheme.
As humans we are often motived by our own personal development. If this self-development is aligned with organisational goals, you help to tackle the principle-agent problem and motivate and inspire employees.
An employee value proposition – or an EVP – is the structure of benefits on offer for employees that dedicate their time and effort to a company. Every business has an EVP, and each one is different.
As a social media platform with over 800 million active users, Instagram has the potential to boost brand recognition for any business. The site has become a huge part of many companies’marketing initiatives since it allowed users to create business profiles in 2016.
A winning employment engagement strategy is vital for a healthy business. Keeping your workforce happy is as beneficial to you as it is to your staff. By taking the right steps to boost employee satisfaction, your business can get an edge on the competition.
Burnout is a very real issue for business owners across the world; a mixture of outside pressure and internal drive can lead entrepreneurs to take on unhealthy working habits.
Success in the business world is defined by the relationships you forge. Today, we unpick why building relationships with suppliers is so important and how you can establish healthy, long-lasting ones.
With restrictions imposed to control the spread of coronavirus, lots of people are working from home for the very first time. To help you get through this challenging time, we’ve suggested some brilliant podcasts you can listen to. Working from home can take some getting used to.
As the COVID-19 crisis unfolds, businesses across the world are doing everything they can to help those in need. Let’s take a look at just a few of the ways the franchises on our books are supporting local communities.
Now, more than ever, consumers care about supporting businesses that share their own values. In fact, it’s critical for long-term business success. So, today we demonstrate why running a values-driven business makes a difference and how you can create one.
When times get tough, your franchisees will be relying on you to guide them through the storm. If you’d like some pointers on how to be a good franchisor, particularly when it comes to mentoring and developing a great franchisor-franchisees relationship, this article will show you where to start.
If you’re looking for ways to reopen your business safely, we’ve rounded up some of the most amusing ways other companies have done just that. We’ll also be highlighting simple tactics you can use to make sure your franchise is ‘Covid safe’, no matter what kind of business you’re running.
A growth mindset can be the difference between giving up and reaching success for many entrepreneurs. In this article, we’re going to answer the question ‘What is a growth mindset?’ as well as sharing five of our best tips for upgrading a limiting fixed mindset to a limitless growth mindset.
Having an informed, engaged and fulfilled franchisee network can give you a competitive advantage. There’s a handful of tactics proven to boost engagement levels – fundamentals that become even more important amidst crises like COVID-19.
As a franchisor, your focus should be on big-picture thinking and strategy, leaving the daily running of the business to your franchisees. But do you feel worried about letting go and handing over? If you recruit the right franchisees, delegating is much easier.
It can be tricky to know how to approach recruitment with a ‘diversity mindset’, but it could be the best thing you ever do for your franchise. And with all of the information that shows how beneficial a diverse workplace can be for your company, you’d be silly not to take notice.
Do you offer mental health support to your franchisees? If you have more than six, statistics show that at least one of them battled a mental health problem last week. Here’s some ways to offer positive, proactive support. Franchisors are great at training and mentoring their franchisees.
Organising a franchisee event can take a lot of time and effort and you need to get the formula right if you want to motivate the business owners working under your brand. Here are the key steps you should take as you make preparations for a perfect franchise conference or gathering.
In our latest ‘Franchisor Tips’ article we explore how and when you should check in with your franchisees to get the best results. If you’re new to the franchising world you might want to know how you can effectively keep tabs on your franchisees.
Every business owner should be thinking about how they can make more responsible choices when it comes to running day-to-day operations and growing their company.
What’s your leadership style? Not sure? This article series will help you work out which management style best encapsulates your approach to business. Here, we look at ‘hands-off’ franchisors and how they can maximise their franchise’s success by taking a step back.
Are you thinking about franchising your business or in the initial stages of becoming a franchisor for the first time? There’s no need to be nervous; this may be a huge step for you, but there are plenty of resources out there to help you navigate the exciting months ahead.
What’s your management style as a franchisor? If this isn’t your first foray into the world of franchising, chances are you’re a serial franchisor. We’re highlighting the pros and cons of different management styles and how you can get the most out of your franchise.
Are you a ‘goal-driven’ franchisor? In this article, we explore this type of leadership style, including how it can work in your favour and ways to maximise your approach.
Short-term planning helps you set achievable goals over small intervals and make success seem attainable, even in the most unprecedented times. Let’s find out more about this strategy and how you can use it to help you navigate through the COVID-19 crisis.
New employee onboarding is a process often overlooked by employers. But putting an efficient system in place will not only help you make new recruits feel at home, but also boost your business’s productivity. Here’s how to onboard a new employee.
Integrating your organisation into the local business community can have significant benefits. You’ll rub shoulders with savvy entrepreneurs who can offer valuable advice and guidance, stay in the loop about any regional changes and boost your reputation.
As a business owner, your professional reputation is one of your biggest assets. It can help you win new business, bring in the best talent and keep everyone on your side. The difficult part is building it and retaining it. Businesses have a lot to gain from enhancing their professional standing.
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