{"id":10682,"date":"2021-09-15T11:30:36","date_gmt":"2021-09-15T10:30:36","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=10682"},"modified":"2021-09-02T15:26:57","modified_gmt":"2021-09-02T14:26:57","slug":"are-you-allowing-fear-of-failure-or-a-lack-of-confidence-to-hold-you-back-from-starting-your-own-business","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/are-you-allowing-fear-of-failure-or-a-lack-of-confidence-to-hold-you-back-from-starting-your-own-business\/","title":{"rendered":"Are you allowing fear of failure or a lack of confidence to hold you back from starting your own business?"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

We have seen a boom in business start-ups since the start of the pandemic. If so, how can you be involved, as this new wave of entrepreneurial spirit hits the UK, without allowing your fears to hold you back?<\/p>\n

Are you one of the tens of thousands of people who is currently considering their options, following the pandemic? This isn\u2019t necessarily because you\u2019ve been made redundant, or your previous employer has closed down, it may be because you\u2019ve realised there\u2019s more to your life.<\/p>\n

On May 12th 2021, the Financial Times reported on how the pandemic has ignited an unexpected rise in start-up businesses as, \u201centrepreneurs are driven by a mixture of losing their jobs and reassessing priorities.\u201d So, by the very fact you\u2019re considering a Transworld Business Advisors franchise, it shouldn\u2019t come as a surprise to know you\u2019re not alone, as others are also looking at how they can create a better future for themselves.<\/p>\n

How will investing in a franchise help?<\/h4>\n

According to various studies in both the UK and North America, two of the biggest reasons behind why someone won\u2019t start a business, even though they are capable of doing so, are:
\n1. Fear of failure
\n2. A lack of confidence<\/p>\n

These are in spite of the obvious draws of being your own boss, flexible working hours, and the ability to achieve better earnings potential. Business owners (as a profession) out-perform all other categories of employment.<\/p>\n

If you can identify yourself within this, then taking a closer look at starting a franchise with Transworld Business Advisors might help. The biggest advantages of investing in a franchise are:
\n1. Your new business is more likely to succeed, as shown by the number of people in the network who are already running their own business by following the model
\n2. You gain confidence because of the full training, and the ongoing mentoring and support of both the franchisor, and others in your franchise network<\/p>\n

So, how will investing in Transworld Business Advisors help?<\/h4>\n

Since 1979, at Transworld Business Advisors, we have been refining and developing our business model to support the sale of businesses, as we adapt to the changing landscape of the market.<\/p>\n

This means our franchise offering is not a flash-in-the-pan idea, but is one which has thrived during some of the big financial events to hit the economy, including the 9\/11, the financial crash of 2009 and, more recently, the global pandemic.<\/p>\n

Here are some of the ways in which we have supported more than 255 franchise partners, including 17 here in the UK, with starting their business with us:<\/p>\n

1.A reduced-risk start-up opportunity<\/h5>\n

If you are concerned about your business failing franchises have, for decades, proven they are a less risky business move. According to the 2018 bfa NatWest Franchise Survey:
\n93% of franchise partners say their business is profitable within the first five years
\nless than 1% of franchisors closing per year due to commercial failure<\/p>\n

Here, at Transworld, our network continues to grow both in the UK and globally. By following the business model and strategies we teach them, our franchise partners are able to grow their businesses, and engage more brokers, to help them achieve greater success.<\/p>\n

2. A proven strategy for success<\/h5>\n

It all comes down to knowing how others are able to run the kind of business you want, and using this knowledge to grow your own. With Transworld behind you, not only do we train you to run your own Transworld office, but we will also provide you with business management training, guidance through your first deal, and opportunities to co-broke deals and earn more commissions.<\/p>\n

3. A business which isn\u2019t dependent on your past career<\/h5>\n

If you\u2019re thinking about moving into a completely different industry, and want to know if starting a Transworld office would be compatible, it may be reassuring to know your future doesn\u2019t depend on your past. Our success in helping to sell tens of thousands of businesses over the last four decades, combined with your experiences \u2013 especially if you excel at networking and closing the deal \u2013 will be a solid foundation for growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

We have seen a boom in business start-ups since the start of the pandemic. If so, how can you be involved, as this new wave of entrepreneurial spirit hits the UK, without allowing your fears to hold you back? Are you one of the tens of thousands of people who is currently considering their options, […]<\/p>\n","protected":false},"author":8,"featured_media":10684,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[837,240],"tags":[],"class_list":["post-10682","post","type-post","status-publish","format-standard","has-post-thumbnail","category-transworld-business-advisors","category-accountancy-and-finance-franchises"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2021\/09\/shutterstock_633424601-1536x1024-1.jpg","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/10682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=10682"}],"version-history":[{"count":0,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/10682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/10684"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=10682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=10682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=10682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}