Payrolls Direct

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Payrolls Direct

£5,995 + VAT

Franchise Description :

Payrolls Direct - Finance and HR Management Franchise Opportunity

Finance:Yes, through Payrolls Direct
Home:Yes
Part Time:Yes
Contact Name:Nazir Daud
Address:

United Kingdom

Phone Number:

Click to Show

Membership:Regular
  • Description

Product Description

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Management Franchises

Management Franchises remain to top choice amongst white collar franchise seekers. With business consultancy services estimated to be worth £7bn to the UK economy. Many companies chose to employ franchised business consultants in order to reduce costs and improve their businesses operations.

This can be both enjoyable and a lucrative area of business. Working as a management consultant is considered by many to be a professional role, if you have a passion for business and are brimming with enthusiasm, the training programmes that many management franchise can provide you with the right skills, techniques and on-going support required for you to operate your franchise.

A management franchise can also offer a good life work balance, with consultancy hours mainly being set around traditional office hours, a management franchise could be the solution for more leisure time and is ideal for people who enjoy business and have a desire to inspire other local businesses to thrive.

Low Cost Franchises

So what is a low cost franchise? Well I suppose everyone will have a different definition of what they think a low cost opportunity is but for these purposes we will use an investment level of £15,000 or less as the guide price for a low cost franchise.

So does low cost therefore mean low earnings or profit? No, some low or even no upfront investment franchise or business opportunities can represent very high earnings potential. So why would a franchise business sell it a low cost even if the earnings potential was high? Well the initial franchise is generally determined by the cost to set-up which includes training, equipment, product and premises not the actual earnings potential. Sure sometimes with a recognized brand just the area alone will have a impact on the price as the largest the franchise area or territory, the more business will be obtained. That said that’s generally not the case for less known brands or new brands and if a franchise requires a lot of franchisees to provide national coverage and set-up costs are quite low then many will have an initial fee of under £15,000 to try to recruit as many franchisees as quickly as possible to grow their brand and provide a better service to their customers.

Some of the low cost franchises for sale under £15,000 include product distribution, pet related, children fitness and swimming, travel agency and even financial and business advice franchises so there is a huge choice of opportunity even if you are seeking a lower initial investment. The main thing to consider if the “overall” investment, just because a franchise has a low initial fee doesnt mean you won’t need to invest additional funds so when choosing a low cost franchise opportunity make sure you find out about all costs involved before you invest and as always seek professional advice.

Just because a franchise investment is low cost doesnt mean you should not carry out thorough research before you make any commitment. Regardless of initial investment check out the business and seek professional advice.

Home Based Franchises

Home based franchises, a business run from home have steadily risen over recent years, why? Home based franchises offer many opportunities, some of the include;

  • More family friendly
  • Better work & home life balance
  • Increased earning potential, work when you want and potentially outside usual business hours
  • Reduced child care costs
  • Reduced overheads, less travel time, fuel and travelling expenses

Home based franchises have also steadily grown. Many so called white collar franchises are home based and include areas such as business consultancy, accountancy and bookkeeping, business training and coaching and internet businesses. In addition to these white collar home based franchises there has also been a steady rise is so called “Mumpreneurs”, mums that instead of seeking full or part-time employment around family life decide to set-up their own business on their own or via a home based franchise. Some of the businesses popular with Mumpreneurs include;

  • Child care
  • Childrens fitness such as football, swimming, dancing
  • Beauty including hair & nail salons, tanning
  • Fitness
  • Cosmetics

Home based franchises can provide such great flexibility for men and women along with improved technology are surely set to continue to rise in the UK and therefore could provide a great opportunity for anyone seeking greater flexibility and a work life balance. That said always find out everything about the investment and business and seek professional advice before any investment.

Accountancy & Financial Franchises

According to the Financial Times Legal & accountancy businesses including franchises and their employees generated a staggering £15.5bn ix taxes in 2016 and employed around 690,000 workers. Whilst some accountancy franchises are based from offices and shops many are home based businesses so with the growing demand for these services it is a very attractive sector when considering a career change via franchising.

As with any franchise with financial or accountant franchises you will get full training and support, helping you through any regulations and red tape by experience and qualified professionals. If providing the services into small businesses its easy to see how this could be a growing business as well the businesses you have as clients grow, so does their demand for more services which probably makes this a lower risk proposition than some businesses.

This sort of franchise would suit someone that loves meeting people and has some white collar or managerial experience but the beauty of franchising is it allows people to change career direction easily.