NEWS&TRENDS
BAE HQ live podcast brings real-life insights...
u The BAE HQ, the community for British Asian entrepreneurs, brought the titular podcast to The National Franchise Exhibition in October 2023, to interview multi-unit franchisee Safwan Adam (CeX, Right at Home) to share the experience of his franchise journey and impart some wisdom on how to succeed with the tried-and-tested model.
From the top deck of the bus to an exit plan: Safwan Adam's top tips for choosing your franchise and ensuring success
Do your research and be proactive: “I went around interviewing franchisors rather than them interviewing me”
Get the whole picture: “Look at franchisees that are doing well, those doing not so well, and those in the middle”
Consider your location: “I once sat on the top deck of a bus outside a possible
location, counting how many people walk past to gauge the footfall… My own version of data capture, my own algorithm, if you will!”
Ensure it’s your perfect partner: “Make sure you're a good fit because the right franchisor will support you and your business growth”
Build your team: “Getting the right team in place and the right management support, is essential”
Follow the model: “Even If you don’t agree with something, by all means
Winners announced at a glittering 2023 BFA HSBC British Franchise Awards!
u Nearly 600 hundred members of the franchising community gathered for the prestigious event, known as the ‘Oscars of franchising’, to celebrate the finest in franchising in the UK. Held at The Vox Conference Centre
in Birmingham on 9 November 2023, the awards saw Franchisor of the Year – Gold – awarded to Agency Express, with Driver Hire and InXpress designated Silver –and Bronze respectively. Pip Wilkins, Chief Executive of the BFA said: “Our huge congratulations to all the
winners tonight. We had some fantastic entries this year and these winners really stood out from the crowd. We would like to thank them for being such great ambassadors of the BFA and for representing the very best in UK franchising.” UK Head of Franchise, Commercial
Banking at sponsors HSBC Bank Gillian Morris said: “The diversity of franchising on display at tonight’s awards ceremony – across so many brands and sectors – demonstrates the strength and reach of the industry. Choosing a winner is never
easy and I’d like to join Pip in thanking everyone who entered and send our warm congratulations to all the winners on these very well-deserved awards.” Find out more, plus a full list of winners, in From The BFA, page 8.
approach your franchisor but do it while following the model, it’s the easiest path to success”
Have your exit strategy in place “What’s your plan? Your exit is important… in fact, it’s key for us to know what we’re doing when we invest … working out what we'll do with the business by the end informs whether I invest in it…”
To hear the interview in full, listen to 'EVNT: Building a Franchising Empire Starting at 25 w/Safwan Adam | NFE 2023' over at The BAE HQ Podcast
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