Hi Guys
I'm after a bit of guidance please. My wife if looking to start up a franchise. She's a teacher currently but getting increasingly off with school life and how it's going so she's been looking for a get out for a while. An opertunity has come about to take on a franchise in a children's music/play group. She had contact with the lady who runs it all and seems like a good business and she knows another lady who is a franchisee and has given good reports on figures to make it profitable.
Now neither of us have owned or run a business so looking for guidance on best ways to do tax type things etc.
Are there any online company's who can look at the contracts to make sure their ok and nothing crazy or underhand in them. (I wouldnt think there would be)
Thanks for any help/advice in advance.
Rob [img]http://www.fuelly.com/driver/rob2529/range-rover[img/]
04, 4.4V8, Vogue Oslo Blue with LPG.
"You can sleep in your car, BUT you can't race your house!!!!"

If something can't be fixed with a hammer....... You have yourself an electrical fault!

The only person who makes money from a franchise is the person at the top selling them. Ron B. VK2OTC
2003 L322 V8 Auto
2007 Yamaha XJR1300
Previous: 1983, 1986 RRC; 1995, 1996 P38A; 1995 Disco1; 1984 V8 County 110; Series IIA

My thoughts too
No barriers to entry
Go it alone

The British Franchise Association will be able to help.
www.thebfa.org 2006MY 4.2 SC
BMW R1250 GSA Rallye TE
Triumph Tiger 1050 (sold)
1979 Pontiac Trans Am (sold)

p38arover wrote:

The only person who makes money from a franchise is the person at the top selling them.

"The only person who makes money from a franchise is the person at the top selling them"

That would be the end of the sytem then...

I have had two franchise org's for years and we ALL made great money out of it. It just depends upon what you put in and what you get out of it, what's your long terme goal and how are your business skills.
To many people stepped in a franchise org hoping that the org would do the work for them, that is not going to happen. They help you, train you and give you the tools and the product. But YOU have got to do the work.

I give in ...there are franchise org's that are just franchising to get the first inlay out of the victims and leave you hanging. So do your due dilligence, have the contract checked, be aware of the obligations from both sides. If they don't do any general marketing efford, forget it, Look at their competition. If the franchise seller is in need of money...forget it. Take care and success with finding the right opportunity

Hi. I work as Business Consultant and advisor working with SME’s , including franchisees, and it can be a great option. Worthwhile getting some third party advice if you are uncertain to run you through the pros and cons, etc.

Somebody with prior knowledge , who has your best interests at heart and who isnt wearing rose tinted specs! This advice can also help you run the business better.

Good luck.

Mike