When it comes to increasing the number of women in business, franchising has a strong part to play.
Some 30% of the UK's 40,000 franchise businesses are owned and run by women, according to the bfa NatWest Franchise Survey. That's higher than the rate of female SME ownership across the UK - 18%, according to the Department for Business,
Innovation & Skills - but there is still more to do to make sure that franchising is seen as a great
option for women who want to start their own business. Read more about women in franchising
Exclusive Interview: "You’ve got to be prepared to deal with anything and learn as you go."
Riverford Organic Farmers deliver seasonal, organic veg and more to homes across the UK via their network of franchisees.
Sally Beare purchased her home delivery franchise in September 2017. The first few months are typically the hardest; here Sally advises how they’ve gone and how she has coped running her own business for the first time.
Exclusive interview with Maria Hartnell, National Franchise Manager, Safeclean
Maria Hartnell is the National Franchise Manager for Safeclean, leading carpet and upholstery cleaning franchise. Maria talks about how one of the biggest challenges for her initially was winning over an all-male network and getting them used to working for a female in a male dominated industry. Maria also talks about Safeclean turning 50 and their journey so far from being a founding member of the British Franchise Association to being bought by leading furniture care provider, Guardsman.
Hear from successful women in franchising, both franchisees and franchisors, talking about their journey into franchising, why they love franchising, and what their role as a franchisee/franchisor entails.
Rush Hair franchisee interview with Natalia Valenza
Franchising is a popular choice for women looking to get back into work after having children. Franchising offers them the flexibility to fit a career around their family life; something that many would struggle with in a 9-5 job.
Read more about the benefits of franchising for women
Tubz franchisee Sharena Dinham enjoys more time with family
Sharena Dinham is a teacher as well as wife and mum to three children. However, fed up with the long hours of teaching and not getting to spend quality time with her family, Sharena decided to drop her hours and go part-time. Wanting to still have additional income coming in, Sharena looked for an opportunity that would give her the balance of work with family life. Coming across Tubz Vending, Sharena decided she wanted to know more and so made the long journey from Somerset to Kent. “I was very impressed with the company. The staff were extremely friendly and helpful, and I was shown around the headquarters and even given some samples to go home with!”
Though your own personal banker may seem the obvious approach when looking for funding for a franchise, most will tend to have little knowledge of the UK franchise market. Banks with franchise expertise such as Lloyds Bank are a great source of impartial advice. They may offer you preferential terms as they are likely to have knowledge of the brand you are looking to invest in and may have already supported several existing franchisees so have a track record to work on.
Find out more about how Lloyds Bank can help you
Ask The Expert
Vicki Mitman QFP - Birketts
Vicki is an Associate Solicitor in the Franchising Team at Birketts and specialises in advising franchisors on a broad range of legal matters from drafting franchise agreements and franchise resale agreements to brand protection, network management and assisting with dispute resolution. Vicki also advises franchisees on the terms of their franchise agreement and assists franchisees looking to buy or sell a franchised business. Birketts is a full service law firm which advises on a range of commercial and corporate services together with employment, commercial property and dispute resolution.
Ask Vicki a question
If you are a woman looking to get into franchising, whether it be buying a franchise or developing your own business into a franchise, there is an array of business events taking place that will help you to understand the franchising process. Or maybe you are a woman already in franchising, an existing franchisee or franchisor, and want to know more about developing your business, then there are also events suited to you.