The Perils of Franchising

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Simple poll. Please be honest! As of today, how much do you still trust this man? A. 100% B. 75% C. 50% D. 25% E. 0%

@UKFranchising Please do a thorough due diligence before investing in any franchise with a completely one sided agreement. Follow my simple 5 step process theperilsoffranchising.com/2024/12/16/due…

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@EliteFranchise @Pipwilkins @BFA_UK Before buying any franchise where you are risking your livelihood because of the one sided nature of franchise agreements, please ensure you do a thorough due diligence theperilsoffranchising.com/2024/12/16/due…

Why buying a #franchise resale could be your fast track to #businesssuccess. If you want a business with customers & a proven track record, @Pipwilkins QFP, CEO of the @BFA_UK explains why a franchise resale could be your fastest route to #ownership. 📚 elitefranchisemagazine.co.uk/analysis/item/…

@EliteFranchise @Pipwilkins @BFA_UK Please, please do your due diligence and don’t believe all this marketing hype. Read my blog about the importance of the due diligence process. theperilsoffranchising.com/2024/12/16/due…

@BFA_UK @HSBC_UK Nesting in a household name does not guarantee success. Just look at all the issues with Vodafone fairerfranchise.org

Start strong with a household name. Do your due diligence, then take on a proven brand. Browse BFA member franchise resales: ow.ly/pg7q50WNAtO In partnership with BusinessesForSale and supported by @HSBC_UK #NextChaptersFranchiseResales #FranchiseResale

@EliteFranchise Fully agree with NPS metric when measuring customer satisfaction but this should not be mixed up with franchisee profitability

Here’s the first number that #franchisees should look at. In franchising, we live and breathe #data. Kevin Yates, CEO of Snap Fitness EMEA, often gets asked the same question: what’s the most important number I should be #tracking? 📚The full article: elitefranchisemagazine.co.uk/analysis/item/…

@EliteFranchise @Stagecoach_GBR This statement is completely false as then Franchisor controls the process ‘you are in the driving seat to determine the value of your businesses and to decide when to sell’. Please do due diligence before investing in any franchise. theperilsoffranchising.com/2024/12/16/due…

Building a future through #franchising. It’s never too early to be planning for the #future. As a franchisee, determining your exit strategy can lead to a strong #legacy and produce your #retirement fund. 📚Read the full article here: elitefranchisemagazine.co.uk/insight/item/b… @Stagecoach_GBR

@EliteFranchise @notjusttravel @NJTFranchise Be extremely careful about ANY business someone claims can be run part time, not least a franchise. Do your due diligence.. theperilsoffranchising.com/2024/12/16/due…

Think you can’t run a #franchise part-time? Think again. It is entirely possible to build a #successfulbusiness around your #life, not the other way around, says Paul Harrison, the co-founder of @notjusttravel and @NJTFranchise. 📚Read the full article: elitefranchisemagazine.co.uk/analysis/item/…

@UKFranchising Or you could read my due diligence process along with the basic questions you need to be asking the Franchisor which is based in my own personal experience along with input from many other franchisees. theperilsoffranchising.com/2024/12/16/due…

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@EliteFranchise This can be the case but be prepared for long evenings and weekends to catch up in paperwork etc. The vast majority of franchises are full time and more. You are 100% not independent like running your own which is not always a bad thing.

Supporting the whole franchisee journey: from flexibility to long-term growth. #Franchising offers more than #independence it's a way for many, especially women, to run a business while staying true to priorities like family, wellbeing, and #flexibility. elitefranchisemagazine.co.uk/franchise/item…

@EliteFranchise Training is definitely one issue that any prospective franchisee needs to consider but in my view it’s not one if the most important ones. See my blog about due diligence in franchising theperilsoffranchising.com/2024/12/16/due…

Training for success. When considering a #franchise opportunity, one factor to assess is the #training and #support on offer, especially if you’re new to the sector or running a business for the first time. 📚Read the full article here: elitefranchisemagazine.co.uk/insight/item/t… #Businesssuccess

@EliteFranchise @BFA_UK One of the few or maybe only historic ‘goldmines’ was McDonalds but franchisees can no longer sell which means they cannot ‘move on’ with their lives which is the worst of everything

Can a franchise be a #retirement goldmine? #Franchising can be a highly profitable route to #businesssuccess, but what happens when it’s time to sell? Pip Wilkins, CEO of the @BFA_UK asks those who have sold their businesses. 📚Read more: elitefranchisemagazine.co.uk/analysis/item/… #exitstrategy

@EliteFranchise @BFA_UK I could share numerous horror stories with franchisees trying to sell their franchise where Franchisors change the goal posts and make it as difficult as possible to sell. Don’t believe everything you hear especially from @BFA_UK

@UKFranchising Rather than listening to Dan, a Franchisor, I suggest you read my blog which is written from a franchisee perspective theperilsoffranchising.com/2023/03/17/are…

Thinking about signing a franchise agreement? Dan Archer, Founder of Visiting Angels, shares insider tips on what every franchisee needs to understand about franchise agreements. Get practical advice to help you make smart decisions. 🎥 Watch now >> buff.ly/29u7Hw4

@EliteFranchise Sadly there are far too many Franchisors that are happy to take anyone because they know if they fail they can go after them for liquidated damages and then recruit someone else. See my post about franchise agreements theperilsoffranchising.com/2023/03/17/are…

Ready or not? What to look for in prospective #franchisees. Not everyone who shows up with passion & a bank balance is truly ready to run a business. Saying “yes” to the wrong person too soon can cost more. 📚elitefranchisemagazine.co.uk/analysis/item/… #FranchiseTips #FranchiseRecruitment

@EliteFranchise There are some great franchises out there but before investing your life savings in any franchise with a completely one sided agreement please read my latest blog about franchising called ‘Due Diligence….Ignore it at your peril’ theperilsoffranchising.com/2024/12/16/due…

Make a #freshstart with franchising. Rebecca Newenham, a seasoned #entrepreneur & franchise consultant, shares what to consider if you are thinking about #selfemployment & why #franchising could provide the perfect solution. 📚 elitefranchisemagazine.co.uk/insight/item/m… #FranchiseSuccess

@TiceRichard Richard, thank you so much for taking up the issue of ‘malpractice’ in franchising at the hands of ‘unscrupulous and dishonest franchises’. After my own personal experience as a franchisee, I started a blog which you can find here theperilsoffranchising.com/blogs/

Corporate bullying by the likes of Vodafone against their entrepreneurial franchisees is a significant issue when they unilaterally change franchise contracts & tarriffs. I have constituents who have been impoverished and driven to suicidal thoughts by this behaviour.

@UKFranchising before investing your life savings in a franchise you need to do a thorough due diligence of the opportunity. Details of a simple 5 step process and sample DD questions to ask the Franchisor are attached; ‘Due Diligence….Ignore it at your peril’ theperilsoffranchising.com/2024/12/16/due…

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@UKFranchising There are some great franchises out there but before investing your life savings in any franchise with a completely one sided agreement please read my latest blog about franchising called ‘Due Diligence….Ignore it at your peril’ theperilsoffranchising.com/2024/12/16/due…

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@UKFranchising @T4UnitedKingdom There are some great franchises out there but before investing your life savings in any franchise with a completely one sided agreement please read my latest blog about franchising called ‘Due Diligence….Ignore it at your peril’ theperilsoffranchising.com/2024/12/16/due…

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