Featured news and articles
Front cover: Supercuts
Supercuts, the high-street hair salon brand owned by Regis, are now offering franchises in the UK, following its success in the U.S.
Venture Marketing Group expands its portfolio
Venture Marketing Group has acquired the UK and international media assets of Franchise Development Services, the Norwich-based franchise consultancy and publishing company.
The franchise sector contributes £15bn to the UK economy
Franchising is proving its strength by contributing £15.1bn to the UK economy, according to the latest BFA/NatWest Franchise Survey.
Best Franchise Awards
TaxAssist Accountants has won Best Franchise (over £75,000 investment) in the annual Best Franchise Awards organised by Smith & Henderson, the independent research firm. Two other winners were ActionCoach (over £25,000 investment) and Diddi Dance (under £25,000 investment).
National Franchise Exhibition
The National Franchise Exhibition will be held at the NEC, Birmingham on Friday and Saturday, February 19 and 20.
BFA annual meeting
Four new board members were elected at the British Franchise Association (BFA) annual meeting and Jan Mitman, former master franchisee of Drain Doctor in the UK, has been appointed a Companion of the BFA.
Multi-unit expansion for the entrepreneurial franchisee
Richard Holden, head of franchising at Lloyds Banking Group, discusses the benefits of multi-unit expansion for franchisees.
Priorities to maximise success
Cathryn Hayes, head of business support at the BFA, talks about six priorities that franchisors should consider to maximise their success.
Guinot, the beauty salon chain, has opened its latest outlet in Earlsfield, London. The franchisee, Justyna Rostek, was formerly the manager of its flagship salon in Mayfair.
BFA posts better results
The BFA reports that its annual turnover for the year increased to £1,442,900, resulting in a profit of £7,274.
Utilise the right leadership skills
Julie Taylor, of Franchise Resales, discusses the different styles of leadership skills that can drive a business forward.
False economy of taking shortcuts with insurance
Maurice Logie, of Moreland Insurance, says that some businesses are tempted to not get proper advice when choosing insurance and can then find themselves subsequently underinsured.
Broadcasting the message
Brian Duckett, of the Franchising Centre, asks ‘why does franchising still struggle to get its message through to the wider business community?’
Managing franchise data in the light of strengthened regulation
Gordon Drakes and Phil Lee, of Fieldfisher, report that businesses should be aware of possible changes in legislation that could bring Europe’s ageing data privacy rules up-to-date.
The blueprint for choosing franchisees
Nicola Broadhurst, of Stevens & Bolton, sets out her blueprint for selecting franchisees that will be capable of building a successful business.