Franchise Business Readiness Webinar

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The Business MarathonHow can we help prospective franchisees be well prepared for the marathon journey of business? It's a question we've asked ourselves quite a lot recently. One of the things we've noticed from the workshops we run is that new franchisees often don't have a strong practical grasp of the financial side of business ownership.  We've heard similar thoughts in conversations with bankers, lawyers and the folks at OFMA. They all tell us this can often lead to difficulties once the franchise is established.

We know that it takes time and experience to become confident and skilled in the practical side of business and financial management. But we've come to realise that the 'pre-franchise' stage is a great time to lay some foundations. This is a time when prospective franchisees can do some learning and thinking - and apply it in a practical way, as they research the financial aspects of a franchise, create a budget and cash flow, and have family money conversations.

About the Franchise Business Readiness Initiative

A couple of months ago, Peter and I were kicking around some ideas with Nick Hughes (he's the founder of Franchise Voices Podcast).  As a result, we decided to collaborate on something we're very keen on: helping people make better informed decisions about business; in this case, decisions about getting into a franchise.

The Franchise Business Readiness Initiative was born.

The Franchise Business Readiness Initiative is designed to help people think through questions of money, lifestyle and business skills as they relate to starting off in a franchise business.

In a series of live online events, we'll cover topics that will help people ...

  • Consider what it takes to become a successful business owner
  • See whether the numbers stack up
  • Set goals that will help you succeed in business
  • Get the right professional advice

As a result, we hope more people will feel they have a grasp of the business and money side of getting into a franchise, in addition to placing reliance on their advisers.

Find out more

To find out you can register for our free online seminar at 2pm on Thursday 25th September, 2014.

To participate, you'll need a computer, iPad or tablet, or mobile device with an internet connection. (It's not complicated - and we'll send you full details when you register, or you can learn more here)