Start-ups Vs Franchising: Which path is more proven?

The franchise industry turns over £13.7 billion per year and in the UK alone there are 930 franchised brands. Buying into a franchise offers stability and support but can initially be more costly in comparison to starting a brand new business. Business start-ups allow you to control the business the way you intended and can reap huge rewards with a lot of hard work.[towergateinsurance.co.uk]

Either way there is a huge amount of research and due diligence to be done to establish the opportunity there is and whether it’s worthwhile investing your time and money. It will depend on your business style, business acumen and ultimtely the type of person you are.

At Kare Plus franchising, we thoroughly understand and applaud visionaries and forward-thinking entrepreneurs’ desire to own a business for themselves, after all, our founder and owner was once a franchisee who saw the true potential of Kare Plus. We actively and openly encourage our audiences to first invest time in research before they invest their hard-earned money.

Franchising has shown itself to be both a resilient and adaptive industry with less risk of business failure. The yearly GOV.uk statistics show that between 500,000 – 700,000 new startup businesses are launched in the UK every year. 20% of businesses fail in their first year and around 60% will go bust within their first three years [fundsquire.co.uk].

Reasons why start-ups fail:

• 42% of startup businesses fail because there’s no market need for their services or products.
  With an increasing population and ever growing pressures on the NHS, demand for Healthcare and Homecare services has never been so high.
• 23% failed because they didn’t have the right team running the business.
  We support you from the very beginning to form your internal team as well as always having the support teams at Head Office.
• 17% failed because of a poor product offering.
  We offer the uniques opportunity to provide healthcare staffing solutions AND Homecare services enabling you with multiple services and revenue streams 
• 17% failed because they lacked a business model.
  With a Kare Plus Franchise you will follow a proven business model that is not just successful but adaptable and scalable to build on
• 14% failed because of poor marketing.
  Kare Plus prides itself on its impactful branding and marketing. With our franchise award winning marketing department you will not only receive access to all materials, literature and portals you’ll receive unwavering bespoke support and advice aswell as national advertising coverage as part of your agreement.  

If you are considering a new normal and you want to own a business that matches your ambition, then we would like to invite you to our virtual discovery day where our team will guide you through the entire process. The day will also feature presentations from our franchise funding partners, HSBC to talk you though your finance options. Spaces are limited so please reserve your space as soon as possible.