Why Choose Franchising

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Have you ever thought about leaving the grind of your 9-5 job for something that gives you a little more flexibility and work life balance, whilst at the same time still earning a decent wage? You’re not alone; according to a poll by Gallop, out of 1 billion workers surveyed, only 15% stated that they were ‘engaged’ with their work, which leaves a staggering 85% who are unhappy. 

So you’re thinking about leaving your job? What now? 

It sounds great and you get excited about creating your own artisanal brand, building your start-up business from scratch, or even just going self-employed as a continuation of your current role. 

So what’s stopping you? 

Actually taking the plunge and leaving your job can be a very scary prospect for many reasons – but mainly it comes with a high risk. It’s well known that 90% of new business start ups fail within the first five years and of these, 82% fail due to cashflow issues. Most people simply don’t have the money to be able to afford to leave their jobs, invest a lot of money in a new business idea whilst at the same time paying out for living expenses. Especially with the high chance that said new venture won’t succeed anyway! And so that niggling voice of doubt creeps in again, your excitement wanes and you start to think again. 

What if there was a middle road? 

One that doesn’t involve spending huge amounts of time and money on building a brand from scratch. One that has information and resources necessary to fast track your learning and help you make money quicker. One that is far less risky than going it alone. One that gives you the flexibility of being your own boss but where you’re also part of a team of like-minded individuals. 

Fortunately this middle road does exist; meet franchising. 

In the UK alone there are now well over half a million people involved in the franchising sector, 25,000 of them are franchisees operating over 39,000 unit franchises. Franchising has been increasingly growing in popularity over the past few decades, and for good reason. 

The failure rates for franchises are much lower than start-ups. It is estimated that around 15%-35% of franchises fail, compared to 90% of start-ups and even that figure is misleading. Depending on the sector, some franchises have a 99% success rate (meaning just 1% fail) and others have a 40% failure rate. 

So how does it work?  

You enter into a franchise agreement, pay an upfront fee and a monthly royalty fee (usually a % of your revenues). In return you get a turnkey business, ready for you to take the reins and hit the ground running. This includes: the brand, operational training and know-how, ongoing support (from the franchisor but you are now part of a team of other franchise business owners) and essentially all that you need in order to get your business going. 

If you’re interested to know more about the eDivert franchise system, contact us today.