Cover Story TESTIMONIAL:
Very happy as my fi nance was formally approved within 24 hours. The professional way this was handled was above and beyond my expectations. I couldn’t have
found a better company to deal with Recent satisfi ed client
the courses to others and 89 per cent stated they were much more confi dent having attended one of the courses or workshops.
Demystifying the process Kevin Noble, head of the academy,
says: “We have four trainers, including myself, and concentrate on helping franchisees and franchisors to thoroughly understand business fi nance and accounts. This avoids getting into trouble by not understanding things like the diff erence between profi t and cash, how to work out the break-even sales you need to achieve and what key performance indicators you need to measure and monitor each month, in order to stay safe. We take the ‘mystique’ out of all this by using simple-to-understand terms and analogies and providing useful tools and examples. “What other fi nancial institutions do you know that provide all of this for their clients? We think it is an integral part of starting in business. When you fi rst got behind the steering wheel of a car, did you just jump in and drive off ? No, of course not, you had driving lessons. So, when going on a business journey, people often need some business lessons and that is what we provide through our academy.” So, to sum it all up, Franchise Finance is an ethical and professional company with an array of fi nancial services to help keep you safe, create a successful business and help you source the money you will need. Franchise Finance is an affi liate member of the British Franchise Association and is authorised and regulated by the Financial Conduct Authority, number 627385.
STUART WALSH MANAGING DIRECTOR FRANCHISE FINANCE
Franchise Finance can help you with: • Loans and overdrafts • Leasing and HP • Business planning • Business training • Business healthchecks
Don’t fall at the fi rst hurdle – avoid these pitfalls: • Not having clear ‘SMART’ business objectives • Not calculating the correct amount of working capital
Franchise Finance Finance services
www.franchisefi
nance.co.uk info@franchisefi
nance.co.uk 01844 355 575
20 |
BusinessFranchise.com | September 2018
• Not having a robust business plan to confi rm viability and monitor progress
• Not understanding the diff erence between profi t and cash
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