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Finance and has a team of experienced and friendly business consultants working with him who prepare the actual client business plans.


He explains the methodology: “We have an easy-to-use, tried-and-trusted system, where we work with our client over the phone and internet to obtain all the necessary information, and use a range of templates to produce both the financial and non-financial parts of the business plan. Clients can be involved as much as they like in the process, have everything explained to them on a step-by-step basis and are then able to sign off the finished plan when everything has been completed to their satisfaction.


“The document can then be used in the funding application process but, equally important, it can be used to guide them on their business journey and to monitor their actual financial performance against their projections. After that, informed management decisions can be taken to ensure they stay on track.”


Sharing funding expertise Of course, if you have your own business


plan and it covers all the necessary topics, then you can simply use Franchise Finance to get your funding. Phil Archer is head of Franchise Finance’s leasing centre and is always keen for franchisees to consider the benefits of asset finance, even if this


18 | BusinessFranchise.com | September 2018


is part of an overall package offered by a client’s own bank.


He explains: “It makes sense to leave as much capacity at your bank to cover your growing working capital needs and to use leasing or hire purchase to acquire capital assets. This therefore does not use up all your cash or your available security, as the assets purchased are often looked upon as securing themselves.”


Another important service to franchisees


is provided by the Franchise Finance business training academy, which has trained over 300 delegates in the past 12 months. Feedback forms collated after each course or workshop confirm that 100 per cent of delegates would recommend s


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