STARTING UP

What does it take to start out on the path to success as a business owner? You have taken the first, best step by choosing to join a franchise brand, which can offer you a simple competitive advantage – experience.

More than good luck and faith in your abilities is needed to establish a successful business. It takes processes, structure, investment, a customer base, marketing and some technical knowledge, all of which a franchise provides.

It also requires some simple basics, like registering your business name, setting out a business plan and signing the paperwork.

In this, the sixth edition of the Inside Franchise Business Franchise Basics series we drill down to the nitty-gritty of establishing a new business so your path to success can get off to a flying start.

Joining a franchise brings experience to the table as you start off on your first business venture, plus there is plenty of help at hand.