Why are you looking to invest in a franchise?
New business owners will cite many reasons for taking the big jump into starting their own business, so we offered respondents a choice of 4 different reasons for getting into business. Not surprisingly the idea of being one’s own boss came up the most popular, as our respondents seek to take control over their own lives and make their own decisions.
The economic downturn is still having an effect on the UK workforce, with redundancy coming in second. Redundancy can offer the individual the opportunity to start their own business, as they will often have a lump sum from their previous employer with which to start their own business, and having developed skill sets during their employed years, these can be used in their new business.
|Answer Options||Response Percent|
|I want to be my own boss||62.1%|
|I have been made redundant||10.2%|
|I want to expand my existing business||7.7%|
|I want to supplement my income||20%|