With a record number of people in the UK (over 5 million) now self-employed and with online connectivity still improving, this number is sure to keep growing. Becoming self-employed can be a risky move, which is why many people choose to invest in a franchise as an alternative to ensure that the risks are smaller, and all of the systems are in place for a successful business.
What is a Franchise?
Recent statistics show that over 8 in 10 new start-ups fail, compared to just 1 in 10 of new franchises. A franchise is a lower-risk investment compared to starting your own business, so many people decide to invest in this as a safer alternative.
Unlike starting your own business from scratch, a franchise already has the systems and tools in place for you to follow and make your own, to build your business. Franchisors will often assign you, your own territory, to ensure you aren’t competing against any other franchisees.
How do you Invest in a Franchise?
The process varies depending on the opportunity itself. Franchisors will have a different process for enrolling and setting an agreement with the franchisee. The first step to investing in a franchise is approaching the franchisor to arrange a call. Here, you can talk about the franchise opportunity in more detail and see if your values align.
How to Build an Additional Income
There are many different levels of franchise that you can invest in. From home-based franchises that can be run in your spare time to franchises which require a higher level of investment and a full-time commitment from you.
Ultimately, you can build your income, based on how much time and effort you can put into building your franchise.
Our Unique Home-Based Franchise Opportunity
At the Wealth Investing Network, we are currently recruiting new leaders to run our networking events throughout the UK. Our franchise opportunity is unique, in that it can be done in your spare time, at lunchtimes or in the evening.
As a Wealth Investing Network leader, you will have the opportunity to earn an additional income through running your own networking group which can meet at a time and place that suits you.
Who are we looking for?
We’re on the lookout for confident and outgoing individuals to become WIN Leaders and run regular networking events in their territory.