On Dragons Den this week, Duncan Bannatyne invested in a business that all the other dragons had dismissed as a bad idea. The consensus amongst the Dragons who opted ‘out’ was that the couple who were looking for investment had not done their research.
The couple wanted to franchise their business, but under interrogation from the Dragons it became apparent they had absolutely no idea of how a good franchise model should work. Bannatyne accepted that the couple had business limitations, but had the vision to see that under his watch, the franchise model could work.
There are a number of debt management UK companies that operate a franchise model, and it has certainly proved successful for some. One of the major debt management providers has a constant stream of newcomers willing to part with over 20K to snap up a franchise. Why? Well, this particular franchise model is a highly polished one that gives all its purchaser’s a realistic chance of earning a six-figure income, with a guaranteed steady stream of fresh leads and an established brand-leading name to work under.
Unfortunately, there are other DMC’s out there who’s franchise proposition doesn’t seem so attractive. It looks like some of the ‘business opportunities’ on offer had been thought about the night before and thrown together with little thought about the well-being of the franchise purchaser.
For a debt management uk franchise to stand any kind of success, the company needs to invest their fees back into their franchisees in order to provide them with fresh leads and a genuine opportunity to earn a high salary. Otherwise, what’s the point? They may as well just get a job!
UK Money Solutions provide businesses and individuals with the opportunity to operate as Introducers without the need for an upfront outlay on franchise fees. This frees up more money to spend on marketing and advertising to increase the chances of the business’s success.