More Scots than ever want to be their own boss, however common factors hold them back from doing so. Franchising is one business model that removes some of the risks involved in setting up on your own. Here, Andrew Fraser examines the advantages of taking on a franchise.
Life, business and the law
The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interestings aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
Latest articles from Andrew Fraser
What do the 12 months ahead hold for franchisees, franchisors and the many people who would like to get involved in franchising? As leading advisers on franchising in Scotland and beyond, along with some of our friends in the industry we turned on our crystal balls to identify key trends to look out for in the months ahead.
One particular question we were often asked by Franchisors based in England was: “Is my Franchise Agreement enforceable in Scotland?” There is a lot to be considered from a legal point of view however, the solution is actually very simple; there is no need to re-draft your franchise agreement, but you can add a 'Scottish addendum'. Here, Andrew Fraser looks at the need to 'put a kilt on it'.
There are two ways to expand your franchise overseas. The first involves a detailed analysis of potential markets for your products and services; diligent investigation into potential franchise partners; and a well thought through international expansion strategy. The second involves a phone call out the blue from someone in Australia wanting to pay you for a franchise.