No matter what type of business you set up, you need to minimise your start-up costs. You can start a business on a shoestring, but if investment is required you need to carefully calculate your start-up costs before you can explore your start-up funding options. Sources range from family investors to grants, government loans, banks and crowd funding.
Buying into a franchise remains popular. For a fee, you can benefit from a ready-made product, brand and business model. The survival rate for new franchisees is higher than the start-up average. Well-known examples of franchises include Pizza Hut, but there are many others (and they don’t all sell pizza, of course). For more information and inspiration, visit the British & International Franchise Exhibition at Olympia in London on the 14 and 15 March. Book tickets now for free entry.