Why now is the right time to consider franchising

It’s easy to feel overwhelmed by the constant stream of negative headlines, including rising living costs, global instability, environmental concerns

Why now is the right time to consider franchising

With so much uncertainty, it might seem counterintuitive to consider a major life change like starting your own business.

But here’s the thing: uncertainty often sparks opportunity.

The UK job market is fragmented, and the debate over remote versus office-based work continues to divide opinion. Meanwhile, job satisfaction is low: recent surveys show that a third of UK workers are unhappy in their roles, and many feel disengaged within just six months of starting a new job.

This lack of stability and fulfilment is pushing more people to consider self-employment. According to a recent study by Oracle NetSuite and The Founding Network, 85% of UK workers want to start their own business, and 62% plan to do so within the next two years.

If you’ve been feeling stuck in your current role, questioning your long-term career path, or simply craving more autonomy, now could be the perfect time to explore a new direction, especially through franchising.

Why franchising makes more sense than going it alone

Starting a business from scratch is daunting. You’re responsible for everything: branding, systems, marketing, operations, and more. It’s risky, time-consuming, and often lonely.

Franchising, on the other hand, offers a proven model. You’re buying into a business that already works, with established systems, brand recognition, and ongoing support. That significantly reduces the risk and increases your chances of success.

In fact, according to the British Franchise Association (bfa), over 90% of franchisees report profitability, and fewer than 1% of franchised businesses fail each year. Compare that to the much higher failure rate of independent startups, and the benefits become clear.

Before diving in, it’s worth taking a step back and reflecting on what you really want. Here are three essential questions to help you think about your next steps:

What kind of life do I want?

This isn’t just about work, it’s about lifestyle too. Do you want flexibility to spend more time with family? Are you looking for a challenge that energises you? Do you want to build something of your own, but with a safety net?

Franchising can offer all of this. Whether it’s a home-based consultancy, a mobile service, or a high-street brand, there are options to suit different lifestyles and ambitions.

What am I good at and what do I enjoy?

You don’t need to be an expert in a particular industry to succeed in franchising. Many franchisors provide full training and support. What matters more is your mindset: are you proactive? Resilient? Willing to learn?

Think about your transferable skills. Can you evidence leadership, customer service, sales, organisational experience? Think about how your skills and experience could apply in a new context.

What can I afford?

Franchise opportunities in the UK range from under £10,000 to resales with million pound plus price tags, depending on the brand and business model. You’ll typically need around 30% of the total investment as your own contribution, with the rest potentially financed through a bank or specialist lender.

The good news? Many lenders are more comfortable financing franchises than independent startups because of the lower risk profile and a number of UK banks have experienced franchise teams available to help.

If you’re curious about franchising, a great first step is to explore the British Franchise Association website (thebfa.org). They offer a free online course for prospective franchisees and a wealth of resources to help you understand the landscape.

You can also check out the Elite Franchise Top 100 list (EF100) to see which brands are thriving in the UK right now.

There will never be a “perfect” time to make a big change. But if you’re feeling unfulfilled, underappreciated, or simply ready for something new, don’t let the headlines hold you back.

Franchising offers a unique blend of independence and support. It can give you the chance to be your own boss without being on your own.

So ask yourself: where do you want to be in five years? If the answer isn’t “right where I am now,” then maybe it’s time to start exploring your options.

ABOUT THE AUTHOR
Cathryn Hayes
Cathryn Hayes
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