Post On : Tuesday, October 28th, 2014
Working Capital, getting this wrong can end your business dreams for all the wrong reasons. Stuart Walsh, Director of Franchise Finance Limited looks at how to get this right. So, you’ve decided which franchise is right for you, you’ve done your homework and you know all the costs involved in getting set up, but how […]
Post On : Tuesday, October 14th, 2014
Every franchisee needs a good one but not every franchisee has a good one. Do they understand you? Do they understand your business model? If not take the time to explain what you and your business model is all about. Explain your life and your business objectives so that you are all ‘singing off the […]
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Wanting your own business is the dream for many people but the reality of the situation can mean you end up confused and alone, responsible for everything from dealing with difficult staff personnel matters to issuing and chasing invoices. You really do need to be a ‘Jack of all trades’ and that isn’t easy if […]
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People like talking about ‘Profits’. How much they are going to make or how much they have already made! Yes this is hugely important because you don’t want to be running a loss making business. However, what is even more important is the answer to the question ‘Do you have enough cash to pay your […]
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Choosing the right franchise is a major decision for most people and involves a significant amount of time, thought and research. When you finally decide on your chosen franchise, the next step is to secure the necessary finance. Before you can start searching for finance you first need to understand the total investment required for […]
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Franchises that operate vans with a fit out, tools or equipment often find it challenging when it comes to finance. They can get great finance offers from the van dealer, but they will only finance the van itself and not all the things you need within the van. Furthermore, the return conditions at the end […]
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There is a very old saying in business: “Failing to Plan is Planning to Fail” and there are certainly many businesses that have fallen by the wayside because they did not take this advice seriously enough.The planning process is designed to encourage you to think about your franchise business in its start-up phase, the medium […]
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This is the second in a series of four articles written by Chris Roberts of Franchise Finance. The first one provides a general introduction to accounts and financial projections and the important difference between ‘Profit’ and ‘Cash’. In this article Chris provides much more detail on two of the key ‘tools’ so that by the […]