Franchising leads the way
The Franchising Centre is reporting a big upsurge of interest in franchising
from businesses looking for new ways to expand during these difficult economic
There has been a lot of talk recently about redundancies in the public sector and the need for the private sector to lead the way out of recession, creating employment as it does so. Interestingly, as painful as any job losses are, the statistics show that the current level of unemployment is not as high as many had predicted it would be by now and the transition from public to private sector is starting to happen.
Franchising has its part to play in the important task of getting the UK economy back on track and the good news is that the sector seems to be rising to the challenge. The Franchising Centre certainly endorses this view as both its domestic and international divisions, who deal with businesses who are aggressively chasing growth by seeking to franchise their operations, have seen vast upturns in enquiries since the turn of the year. This can be seen as an early pointer as to what is happening in the economy even though the impact may not be felt for some time.
Chairman Brian Duckett commented, “It appears that the dam has burst and pent up demand is being released. During the last couple of years it was apparent that many business people were holding off from making big decisions. However, since the start of this year we have received more enquiries and taken on more new clients than ever before. It’s great to see the energy and drive of independent business people helping the cause and this seems to herald a new phase in the growth and significance of the franchising sector.”
Duckett also went on to say, “We ourselves now have the challenge of growing and coping with the number of enquiries we are getting from businesses who wish to explore franchising as an option for growth. We are currently seeking experienced franchising practitioners to be trained to add to our team of franchise consultants so we can continue to play our part in helping the expansion of businesses across the UK and around the world.”
“Our team are at the coal face talking to businesses every day about what their plans are for the next few years and we can report that growth is very much back on the agenda and that franchising is leading the way.” (kbp)