Franchising is a popular way for many people, disillusioned with their corporate work/life balance to leave the rat race and start their own business. And yet, for many, the reality fails to live up to the expectation and for some, the businesses fail.
In this book, lifelong accountant, author and former franchise owner, Richard Edwards, will take you through the whole process.
Through this book (inspired by his own experiences), you will learn:
•The fundamentals of franchising,
•The pitfalls as well as the possibilities
•What you should look out for before you spend your life savings
•How to assess the cost of a franchise,
•Advantages and disadvantages of buying a new franchise, compared to a second-hand franchise,
•How to calculate your gross margin and why it’s important to do so,
And much more. If you’re considering buying a franchise, buy this book first.
Richard Edwards is an accountant with more than 28 years of experience, qualifying ACCA in the UK in the year 2000. He has worked in a variety of industries in a variety of countries. In 2014 he and his wife bought a business. In 2016 he and his wife bought a franchise.
This is the book they both wish they had read before they bought their franchise.