A time of turbulence could also be the right time to launch
Friday, October 24th, 2008An Antal International Recruitment Franchise with growth at nearly 70% so far this year may be the Answer!
A downturn is often seen as an opportunity to start out on your own and many people now facing redundancy will do just that, says Marc Shoffman, of the Federation of Small Businesses (FSB). With this statement Marc provides a warning: “of the 500,000 small businesses which will start this year, 300,000 will fail within 12 months”. The success rate is much higher through launching with a franchise business as proven by a survey conducted by Natwest bank which states that 93% of franchisees were still trading profitably by year 5, compared to 80% of other business start-ups failing within the first 2 years. Liz Kilford, Franchise Development Director at Antal International says “we have found that the main banks are still lending money to franchisees, as long as the franchise proposition is sound and the business plan is realistic. Here at Antal International we have been a finalist for 3 years running for the BFA sponsored Franchisor of the Year award, which gives us credibility with the banks.”





