This is a guest post from Rachel Ray; founder of Bright & Beautiful http://www.brightandbeautifulhome.com
an award-winning concept in professional domestic cleaning services, providing eco-friendly cleaning, tidying, laundry and ironing; with the highest standards of security and service.
Pictured below: Lindy Thompson, who used a BizBritain Start Up Loan to open her own franchise.
So, you’ve decided that you want to start your own business. Brilliant! You’ve got the funding in place, you’re ready to take the plunge but then you start having a few doubts. What if it doesn’t work out? How can you be sure there’s a market for your service and how on earth do you start to build a website anyway?
While start up Britain is thriving there is a hell of a lot to take on when you start your own business, which is why more and more people are turning to franchising as an alternative way to run their own business, minus a lot of the usual start up pressures.
With over 91% of franchise businesses succeeding* (BFA NatWest survey 2015), compared to the last ONS statistic that only 45% of startups survive beyond five years, there is real hard evidence to support franchising as a more secure route to start your own business. The franchise sector is also seeing a real growth in younger entrepreneurs who are choosing franchising as a safer alternative to going it alone, with one in five franchisees who launched their franchise business in the last two years now under 30 years old.
I started Bright & Beautiful http://www.brightandbeautifulhome.com my eco friendly housekeeping franchise business in 2009, after having worked my way up the corporate ladder and deciding it was time to jump off. I wanted a better quality of life and to build a business that I would want to use, in a growth market (with a million more people in the UK now having a cleaner than ten years ago) and based on a model that other people could become a part of. Since then we now have more than 50 franchises nationwide, employ over 500 people and have won numerous awards.
A major factor in this growth is that our franchise and many like us give business owners the security of a business model that has been proven to work, time and time again, all over the country. We take away the headache of having to be all things to all people in your own business. Just some of what we supply include marketing materials, HR systems, uniforms, operating manuals, online presence and activity, full business coaching and even a livery design for your car if you’d like one! There is also always someone at the end of the phone to ask questions of, to share experiences with and we make a big effort to bring our franchisees together regularly so they can share their stories and help one another.
We offer housekeeping services from cleaning to ironing but there are franchises out there to suit all ages, skill sets and time commitments – from household names like Subway and Costa to dog grooming, dance classes and cafes. Our franchisees include new graduates, single parents, mums, dads, retired couples and grandparents from backgrounds that range from the armed forced to marketing managers.
For example, grandmother Lindy Thompson joined us earlier this year after securing finance from BizBritain to launch her Bright & Beautiful franchise in the West Midlands. Lindy had spent 15 years working as a history teacher before deciding to swap homework for a housekeeping business that was both flexible and family friendly. Now she too is creating jobs for other women and men just like her who want to have a career but not at the expense of family life.
Franchising’s contribution to the UK economy is reckoned to be £15.1 billion, which is an increase of 46% over the past 10 years. With figures like that the future of franchising looks pretty bright!