Special Feature
Two G
oing into franchising with your partner could be the foundation for the perfect business double act. Working towards the same goal
can provide a harmonious environment, especially as you’re with someone you fundamentally trust.
Cathryn Hayes, franchise director at Revive! Auto Innovations, says: “Franchising is a great route into running your own business and many couples decide that they would like to operate a franchise together.
“As a judge on the bfa HSBC Franchisee
of the Year Awards, I’ve seen many successful couples win accolades. “If you are starting a franchise with your
partner, it’s important to get the business basics in place. You will need to agree from
for joy
If you think you and your partner make a great team, it’s worth looking into investing in a franchise together, writes Jack Sadler
the outset who is responsible for different aspects of the business.”
While some may worry about mixing business with home life, playing off each other’s strengths can make the success all the more satisfying, and even bring people closer together. Not only that, you’ll be an attractive prospect to banks, who will likely view the relationship as a sturdy investment.
Franchising, despite its many inherent benefits, still requires commitment and work from the franchisees. But if the effort is there, franchising could open up a much more flexible work-life balance, making life at home more enjoyable too. A recent study from FreeAgent, the online accounting software company, revealed that at least 1.4 million businesses in the UK are run by couples, with that
number set to rise in the coming years. Ed Molyneux, co-founder of FreeAgent, says: “For those looking to make a change this year, [teaming up with your partner] is a potentially great move for couples to make with their careers, as you’ll be able to coordinate your work around your family commitments, share your passion with your soulmate, and have all of your household and business finances in one tidy place.” If you’re intrigued by the double whammy of an established brand and reciprocated success, then going into business with your partner could be a match made in heaven. Here, three couples talk to Jack Sadler and explain why they decided to join forces, combine their skills and start their franchising journey together…
June 2017 |
BusinessFranchise.com | 57
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