Thursday 26 May 2016

Don and Caroline's advice for new businesses

Published 22/06/2014 | 02:30

1 Chose a reputable franchise

"If you're thinking of franchising, make sure to choose reputable and credible opportunities. Check with either the Irish or British Franchise Associations if you are in any doubt."

2 Have funding in place

"Make sure you've enough to get started but also to keep the business going until you begin to see profit. Cash flow management is the most important aspect in determining success or failure."

3 Don't be afraid to ask for help

"Don't be afraid to ask your franchisor for support. It's part of the package you're buying into. Reach out and ask for help. With franchises, much of the work has already been done for you."

Sunday Indo Business

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