SYF News October 2011

Joel Caws Technical Director Select Your Franchise

Franchise Blog 500th Posting by Joel Caws Franchise Industry News I just noticed today that this is the 500th posting on the franchise blog. Thanks to all our valued contributors in helping to make this a real franchise industry resource since its launch late in 2009. We are pleased to be running what is one of the most respected and resource-filled blogs on franchising in the UK. The franchise industry in the UK really is going from strength to strength. Despite the recession and rising unemployment, there are many strong franchise businesses out there that are continuing to expand and build their networks. If you are new to the idea of a franchise business, a business format franchise is quite simply a proven business model which has been documented and packaged in such a way that it can be replicated by another budding business owner (A long explanation can found in our post on “What is a franchise“). Click here to read more...

Cathryn Hayes HSBC Head of Franchising

HSBC Franchise Unit - Tips for writing a business Plan by Cathryn Hayes in Franchise Finance We thought we’d share some tips to help franchisees present a strong business plan and help them to raise finance. Other sources of income It is vital for a new franchise to provide enough income for the owner to live on, in addition to servicing any borrowing they have, particularly in the early years. Many franchisees have a supportive partner behind them who often continues to earn a regular wage. This additional household income reduces the franchisee’s dependence on the profits of the business. It is therefore important that a franchisee provides a summary of all their domestic income and expenditure, demonstrating just how much money needs to be taken out of the business. Click here to read more...

Chris Roberts Director Franchise Finance

Understanding Balance Sheets and Profit and Loss Accounts - Part 3 by Chris Roberts in Franchise Finance This third article which features the Profit and Loss Account follows on directly from the first two articles in the series which covered the balance sheet. If possible do read part 1 and part 2 first as there is a natural progression to this point. The Profit and Loss Account This is the second and an equally important part of a set of accounts. As the name suggests, the purpose of the document is to show whether the business has made a Click here to read more...

Cathryn Hayes HSBC Head of Franchising

International Franchising Advice from HSBC Cathryn Hayes in Franchise Finance A diverse range of sectors lend themselves to successful international franchising. A common example is retail, particularly the fast-food sub-sector. In recent years there’s been a growth in service industry franchises such as in the cleaning and maintenance sectors, as well as management consultancy, and there’s been a big increase in home care. Numerous successful home care franchises are being operated all over the world, including in the UK. Well-known British franchises   Several established UK brands – including Marks & Spencer – have sold international franchises for years. Providing jobs for more than 75,000 people worldwide... Click here to read more...

At this ground-breaking conference, you’ll have access to the latest best practices from outstanding franchisors and leading franchise consultants:   - Specsavers - The Franchise Training Centre - The Alternative Board - Puddle Ducks - Coconut Creatives - Smith & Henderson   "I was incredibly impressed with the speakers and their willingness to advise and help. It goes without saying I have already planned to implement many of the ideas." Justine Williams, Shokk, commenting on our last event, The Franchise Recruitment Summit.

Wednesday 30th November in Oxfordshire.     The programme is packed with the latest strategies, case studies and ideas to help you grow your franchise network, including:   - Developing a world-class franchisee training programme - Improving ongoing support - Leveraging peer pressure to bring the best out of your franchisees - Realising higher like-for-like sales by improving franchisee satisfaction - Continually improving the franchise system - Effective change management across the franchise network - Converting franchisee satisfaction into a recruitment advantage   Register Now At £95+VAT, can you avoid to miss this once in a year event?  Places are strictly limited so register now: Click Here to register

Customer Conversion Reports for October are available online in your campaign manager. To view your report Login now. If you need assistance, or would like advice on how to improve your campaign please contact us at: info@selectyourfranchise.com