With April on the horizon the new financial year is just a few weeks away, offering a fresh start for franchise owners who would like to get their business finances in better order.
Here we offer a few handy financial tips for franchisees keen to take a tighter hold of their company cashflow over the next 12 months.
We work with a wide range of franchise partners so it’s always great to hear from clients who are successfully building their businesses as part of our supportive network of cleaning agents.
Here we highlight some great recent case studies from clients who are running (and expanding!) fantastic cleaning franchises in the Buckinghamshire and Berkshire area.
Taking the plunge and setting up a new franchise can be an exciting, yet daunting prospect. That’s why at Domestique Franchise, we’ve interviewed one of our latest franchisees to come on board – Karl Styles.
Have you always considered running your own cleaning business but wondered what the real benefits will be? Here we outline some of the big advantages of going it alone in the modern cleaning industry.
If you’re interested in franchising and want to learn more about how it works, our quick guide offers answers to the most frequently asked questions.
What is a franchise?
A franchise is a company that operates independently but utilises some or all of the features of a larger, more established business in the same industry or sector. This often includes adopting the name, brand and products of the larger organisation.
This is a useful proposition for new or growing businesses as they benefit from the existing popularity and marketing of an established brand, making it easier to gain new clients.
One of the big benefits of owning a franchise is that along with the tools you need to successfully run your own business independently, you gain the support of a bigger established franchise network. At each step of your career journey, from setting up your franchise and beyond, you’ll be able to benefit from the help and advice given by your experienced franchisor and other franchisees who have gone before you. However, building a strong franchise system isn’t just a one-way street. You need to ensure that you have a good platform to communicate with your head office and fellow franchisees in a collaborative environment. In a successful franchise system, it is not only your efforts that will improve your business, but how your franchisor adapts with their franchisees and inspires a collaborative engagement and trust.
