Franchising Could Safeguard SMEs Through Credit Crunch

From The Birmingham Post: Franchising could be the answer for potential business owners made wary by the credit crunch, a successful local firm has said.

Bromsgrove-based Mr Electric has seen a large influx of new franchisees joining the electrical services group since the start of the year, despite the difficult financial conditions.

And it said more and more people were starting to see the advantage of running a franchise business under a parent company.

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Comments

[wok2go Food Franchise UK]

There is little doubt that for people who would like to manage their own business investing in a franchise can be an attractive option. Statistics show that the business failure rates of new branches of a franchise are much lower than those of other types of new business.