UK Unemployment: A franchise business could provide hope for many
In a recent BBC report, official unemployment figures have shown a fall of 51,000 in the three months to April 2012. This will be encouraging news to many that are still struggling to find work in an economy that is still battling to keep its head above water.
Many people have been looking to starting their own business after experiencing a job market which averages 23 applicants for every job available. With this kind of competition its no surprise that many are frustrated and are considering other avenues such as self employment and starting their own business. But starting you own business from scratch in difficult economic conditions can be quite a challenge.
Franchising might provide some hope for those stuck in the unemployment trap and looking for a way out. At the launch of Big Society Capital in April 2012, the PM, David Cameron, commended the work of FranchisingWorks, an innovative social enterprise that tackles unemployment by helping create new businesses and jobs through franchising. This kind of acknowledgement from the figureheads in the government along initiates such as the recently announced young peoples business start up loan scheme and with the governments commitment to supporting franchising as a route back into work, is great news for franchising as a whole.
If you would like to know more about starting a franchise, read our 10 Franchise Tips series and then begin by researching from over 100 franchises we currently have a available from our franchise directory.