Why Should I Join a My Best Friend Franchise?
Franchising is a means of starting and running your own business with a very high success rate – providing you choose a good franchise opportunity in the first place. A good franchise opportunity will offer you a proven business format with both the initial and continuing support that you will need and My Best Friend does just that.
Your franchise will work under our brand, using the business system we have developed and proven in the marketplace. You will pay an initial fee to set up your franchise and to allow you to use the brand and the proven business format but this has the potential to be less that you can lose by going it alone and getting it wrong. You will pay continuing fees for ongoing support that will help you to operate and allow you to build the franchise, eventually building a capital asset that you can sell.
What are the advantages of franchising over going it alone?
The challenges of starting a small business and keeping it going cannot be underestimated and many do fail, even in the very good times. The hurdles can be substantial and the ability to get a business up to speed, making profit and supporting you is not achieved by many.
Recently franchising has attracted the attention of many people and small business and the tough economic climate has highlighted its strengths and shown that there is a more secure way to start your own business than going it alone. Its formula of a locally owned and run enterprise, driven by a small business owner, with branding, economies of scale and support from the wider network, gives the business a far better chance of success.
The ongoing support is one of the key reasons for the success of franchising. We have already gone through the pain of finding out what works and what doesn’t and have invested in the systems and are now willing to teach you how to replicate it. However, don’t think you can pick and choose which parts of the systems you want to use: it is very much all or nothing. But if you are paying for a proven system, why wouldn’t you follow it?
- For over 20 years consecutively, around 90% of all UK franchisees reported profitability over the previous 12 months. Failure rates are correspondingly low over the same period.
- The business format is proven.
- You have the opportunity to build your capital as well as your earnings.
- It is your business and you are the owner, providing you follow the system, you decide what goes.
- The major banks are very supportive of good franchising and we have agreements in principal form HSBC, Nat West and Lloyds to lend our Franchisees up to 60% of the required start up capital.*
Why join a British Franchise Association (bfa) member such as My Best Friend?
Joining a franchise could be one of the largest and most important investments that you make in your life – not only in financial terms, but also in terms of your own time and commitment. Franchising, allows many people to start entirely new lives, realising new lifestyles and ambitions, but only when done well and we know that we do it well!
The bfa is the not-for-profit voice of franchising in the UK. It operates to accredit and promote ethical franchising and therefore differentiate the good franchise opportunities from the not-so-good. For a us as the franchisor we have passed a strict accreditation process, which looks at all aspects of the franchise operation to make sure it is proven, protected, ethical, sustainable and free of ambiguity and misleading statements. In fact we were given our accreditation in only 4 days which we are told is somewhat of a record.
For more information visit https://www.mybestfrienddogcare.co.uk/pages/become-a-franchisee
*Lending subject to status of individual franchisees.