Franchise Agreements often contain an obligation on a Franchisee to register their business for VAT and remain registered throughout the duration of the Franchise Agreement. Some Agreements go as far as making any failure to comply with this clause an event which allows the Franchisor to terminate the Franchise Agreement. But why is this clause present? And why do Franchisors force franchisees (whose turnover is beneath the registration threshold) to register their business for VAT?
The £13.7bn franchise industry has grown continually during the last five years of tough economic conditions, in no small part because its model of supported business ownership provides franchisees the back-up of both head office and the wider franchise network. Some entrepreneurs are taking advantage by adding in another layer of help – taking on a franchise in conjunction with a business partner.
The Chartered Institute of Marketing has hailed direct mail the comeback kid. Ignore it at your peril! Here are 4 tips to help you. 1. Establish objectives for mailing - If your aim is to continue selling your products or services in a mature market and you have a healthy client base, direct mail is ideal for selling more to existing customers. Information rich communications with genuine offers underpinned by great value will do the trick. But you have to know why you’re mailing; what you hope to achieve because this will feed in to your messages and your communications.
View case studies of real-life business owners in action where you will be inspired by the ways they have identified the right franchise for them and why a tried and tested system has made their business so successful.
In 2004, husband-and-wife team, Steve Dyke, a business turnaround expert and Alison, a lecturer in child developmental psychology and health, pursued a long-standing ambition to set up Nature Trails, a children’s nursery with its heart as much in the woods and fields as in the classroom.
So you have spent the majority of your working life building someone else’s business and being paid a salary for your efforts. Don’t worry you are not unlike many franchisees if this describes your situation.
You don't have to start a franchised business in the UK from scratch. Many existing franchisees are looking to sell their franchise. There are many reasons why existing franchises are for sale.
Settle down in the USA
Every year more and more people move to the United States of America and are successful in the immigration process. One of the most successful methods to achieve a permit to work and stay in the USA is through buying a business and creating employment.