A WORD ON FRANCHISING
There are lots of definitions of franchising, but its principles are very simple. Franchising is an agreement that allows one party (the franchisee) to do business under a brand name and according to a given pattern of business that has been developed by another party (the franchisor).
Rosies presently have a mixture of franchised and privately held outlets.
IS FRANCHISING FOR YOU?
Because franchising is simply a way of doing business and not a business in itself, the first question you should ask yourself is what sort of business do you want.
An accounting franchise is very different from a fast food franchise which is very different from a lawn-mowing franchise. Key to any decision will be your personal circumstances and you should give serious consideration to things such as:
- Your personal goals
- The operating hours
- Your ability to manage staff
- The type of customers you will be dealing with
- The level of skill involved in running the business
- The physical demands of the business
