The first month of 2015 isn't over yet, but already the rise of interest in the franchise industry shows that this year is going to be a buzzing one for people in the UK planning to start their own business.
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Alan J Gibson, QFP, FCMI, has provided us with wise and informative articles over the last six months, and ends now with tips on how to ensure that you stick to your new year's resolution of going through the process of becoming a franchisee.
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Franchise Direct UK, the country’s number one franchise directory for more than 15 years, is reporting rapid growth in the UK franchising industry, at a rate higher than the newly buoyant national economy.
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Alan J Gibson is a knowledgeable franchise consultant, and he knows how to pitch for investment. Now he reveals how to persuade the bank to lend you money: the documentation required, how to prepare, and the mistakes to avoid.
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All the big franchises had humble beginnings. The International Franchise Association has set up the 'Young Entrepreneurs in Franchising' competition, a campaign targeting young entrepreneurs around the world and asking them to submit creative new ideas for the franchise industry.
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Don't forget to find out information about the franchises before you go to the Exhibition. Doing your research will not only earn you greater respect in the eyes of these established brands; it will also give you an advantage over the other potential franchisees.
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In his previous article, Alan J Gibson provided us with tips on how to find the right franchise for you. 'Play to your strengths', 'look in the mirror', 'choose with your head as much as your heart'...now all that contemplation is out of the way and the franchise hath been chosen, he gets down to business and explains what the practical steps are for getting yours up and running.
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Do more men or women want to be franchisees? Which industry wins every year? The most interesting results of Franchise Direct UK's Prospective Franchisee Survey 2014 are analysed here, and compared to those in the US and those from previous years.
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Alan J Gibson is an experienced franchise consultant with The Franchising Centre. In his latest blog article, he gives 10 excellent tips to consider when you are faced with the daunting task of choosing the right franchise for you.
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Alan J Gibson, QFP, FCMI, is an experienced franchise consultant. He will be providing us with blog posts for the next few months, and in this article he takes a new approach to categorising potential franchisees into five different types, asking if they're suited for the task of setting up a franchise.
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