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Franchise Finance Focus: Banks set to meet lending targets
Carl Reader, Dennis & Turnbull Ltd If you are considering buying a franchise, then obtaining funding in orde to start up your new franchise business will be high on your agenda. Over the past...
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Understanding Balance Sheets and Profit and Loss Accounts
Chris Roberts - Director, Franchise Finance Ltd This is the first part of a series of three articles written on the above subject by Chris Roberts of Franchise Finance and provides an introduction to...
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Understanding Balance Sheets and Profit and Loss Accounts Part 2
This second article follows on directly from the first article (which should be read first) and starts by showing how the more easier to understand ‘side by side’ (Assets on one side and liabilities on...
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Understanding Balance Sheets and Profit and Loss Accounts Part 3
Chris Roberts - Director, Franchise Finance Ltd This third article which features the Profit and Loss Account follows on directly from the first two articles in the series which covered the balance...
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HSBC franchise unit shares their top tips for writing a business plan
Cathryn Hayes - HSBC Head of Franchising We thought we’d share some tips to help franchisees present a strong business plan and help them to raise finance. Other sources of income It is vital for a new...
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HSBC Growth Grants could benefit Franchisors
Are you are a franchisor with an annual turnover of between £100,000 and £2m with ambitions for growth? HSBC are currently offering the opportunity for businesses to win one of four HSBC business...
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Prospects for franchise lending in 2012
Cathryn Hayes - HSBC Head of Franchising There can be no denying that 2011 has been a challenging year. However, HSBC lent at record levels to franchised businesses in 2011, and we are continuing to...
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Considering a family investment when starting a franchise
Joel Caws - Technical Director, Select Your Franchise If you are considering starting up a franchise business, sooner or later you will come up against the issue of finding money to finance it. Most...
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Five things to consider when starting a franchise
Steve Jones – Business Development Manager, Select Your Franchise UK Ltd There are many stages in preparing to purchase a franchise – here we will cover five key considerations to help steer you on...
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We’re off to the National Franchise Exhibition
Steve Jones – Business Development Manager, Select Your Franchise UK Ltd On Friday the Select Your Franchise team are off to the National Franchise Exhibition at the NEC in Birmingham. So, what does...
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Sink or Swim – Ensure Your Franchisees Can Thrive in a Difficult Economy
Cathryn Hayes, Head of Franchising at HSBC The UK has been watching and waiting for the green shoots of recovery to demonstrate that the economy is on the way up. There are still mixed signals though,...
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Should you consider a franchise resale?
Steve Jones – Managing Director, Select Your Franchise UK Ltd According to the NatWest/bfa Survey, seven out of ten franchises acquired from 2010-2012 have been franchise resales. A resale is even less...
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I’m considering purchasing a franchise – do I need to consult an expert?
Steve Jones – Managing Director, Select Your Franchise UK Ltd There are many stages involved in purchasing a franchise, and it can be an expensive business. You may find yourself wanting to avoid some...
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Franchising and the news
Steve Jones – Managing Director, Select Your Franchise UK Ltd Today I’m looking at what’s going on in the business world and how it might affect the franchise industry. 5 million people are paid less...
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Franchise Futures – How the right business plan can make the difference...
Richard Holden – Head of Franchising, Lloyds TSB Commercial Richard Holden, head of franchising at Lloyds TSB Commercial, believes that the devil’s in the detail when it comes to securing bank finance:...
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Keeping costs down for your franchise network
Steve Jones – Managing Director, Select Your Franchise UK Ltd In the early months of the recession, companies took major action to reduce their costs, often in the form of large-scale redundancies....
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How are your franchisees’ management skills?
Steve Jones – Managing Director, Select Your Franchise UK Ltd A recent survey by time.effective.com asked business owners to assess their own management skills in five key areas – sales, marketing,...
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Keeping your franchise going in the recession
Richard Holden – Head of Franchising, Lloyds TSB Commercial Richard Holden from Lloyds TSB Commercial has some interesting comments on how franchisees can keep their businesses going despite the...
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Apples and Apples or Apples and Pears?
Chris Roberts – Director, Franchise Finance Ltd Chris Roberts of Franchise Finance discusses the difficulty of comparing figures from different franchisees. We would all probably agree that comparisons...
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As the franchise exhibition season gets underway
Cathryn Hayes Head of Franchising HSBC Bank plc Cathryn Hayes of HSBC provides some tips to help your new franchisees get finance as the franchise exhibition season gets closer. “As the franchise...
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