One of the silver linings to emerge during the Covid-19 pandemic is a huge surge in the e-commerce activities with many people reassessing their work/life balance, a widespread acceptance of working from home or even finding themselves unexpectedly unemployed. As a result, we have been working closely with a number of businesses and website designers to help online businesses achieve compliance in this area either by preparing fresh policies from scratch or updating their existing policies. We like to think
Interested in running your own franchise? Or franchising your existing company? We deliver a personal, exclusive and flexible service with truly excellent and exceptional results.⠀⠀
We seek to understand your goals so we can best advise you on how to reach them.
Whatever you’re looking to achieve, we will work closely with you and your accountant to ensure that all based are covered and you’re free to focus on what’s important.⠀
One way of growing a business is to put it in a box for other people to make it their own, and for a franchisee, it’s an oven-ready business to get on with. To grant a franchise and allow someone else to come and operate the way you do takes a great deal of preparation but if you front-load the work and get it right, you will have a winning formula on your hands!
As a potential franchisor, you will need to create your manual or ‘bible’ which sets out the precise methodology you want all your franchisees to follow and a franchise agreement that details what intellectual property and other items your franchisees will be paying you for together with their obligations around protecting your business, paying you, any performance requirements and so on.
This is a lot of hard work but the idea here is that you get to watch your franchisees grow your business for you.
As a potential franchisee, you will need to pay a great deal of attention to the franchise agreement to ensure that you can not only fund ‘getting in’ but that you can operate in accordance with it and flourish. Franchise agreements tend to be lengthy and can be pretty onerous because you are being trusted with someone else’s baby.
You also need to think about the right fit for your personality: a franchise is somewhere in between being employed and stepping out into the wide world creating your own business from scratch – you are not free to run things how you want but, on the other hand, you will have a great deal of support. That you’re paying for.
With the right fit, a franchise works fantastically well for everyone but we would always suggest a fully advised service for both parties because there are just too many potential pitfalls.
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Don’t wait until you have a problem to talk to us.
Planning, protection and prevention are key to what we do for our clients. But if there is something going awry, or causing you worry, don’t put off dealing with it.
We are here to help.
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