Steve Mitchell joins The Travel Franchise

New Addition to The Travel Franchise

The Travel Franchise has invested heavily in helping ensure your new travel business is as successful as possible. Steve Mitchell is appointed Head of Franchise Business Development

The worlds first franchise that gives your money back?

The Travel Franchise gives back 100% of it’s franchise fee! We reward those who complete training and get active. Find out how you could get all of your franchise fee back within 12 months.

Franchising and Single Parents; Why It’s a Perfect Match

In Britain, more than 650,000 single parents are unemployed and it’s understandable to see why. One of the biggest challenges facing single parents today is finding suitable work that will fit around family arrangements.

You may not be able to work full-time or even the idea of returning to work could be daunting for you, but nearly half of unemployed single parents are considering starting their own business due to the lack of flexible and rewarding jobs out there. So, here’s why franchising is perfect for single parents: Flexible  A good franchise model should work around you and your life, meaning you can tailor your working day around you and your kids. Many franchise businesses, including the Travel Franchise, are home based and offer flexible, even part-time hours, meaning you can work from nine to three to fit in with the kid’s school time. Home Based Another benefit of franchising, is that it fits in with single parents, especially those with young kids as most franchises are home based. This means you work from home in your designated office, pick up the kids from pre-school in the afternoon and return to work if you need to. Support Many single parents lack the confidence to start working again after leaving the job market for so long. However, you needn’t be scared about running your own business in 2017. A good franchise will have a team in place to support you through the learning and confidence building phase of your training. You would then also get support from fellow franchisees that have completed the training. Independence  Franchising can offer the chance for single parents to be their own boss and take control of something that is their own. While it can be stressful in the first few months, once you see the end result of what you have achieved, you will appreciate the hard work you put in. Do you have a passion for travel? And want to be your own boss? For further information about joining The Travel Franchise, get in touch with a member of our team at 0800 084 8128

Travel 2 Homeworking Agents of the Year 2016

The Travel Franchise celebrate their ‘Homeworking Agents of the Year Award’ at Travel2’s annual awards.
how to choose a franchise travel and business

The 411 on Franchises: Part 2 – Choosing The Right Franchise For You

There are so many franchise opportunities out there, from fast food restaurants to mobile dog grooming, so choosing the right franchise can be a difficult decision. Each franchise will require you to put in a different level of investment in terms of money and time so you must pick wisely. There are factors you must consider when choosing the right franchise for you. This includes personal factors such as the time you can invest and what you’re good at and the franchise factors such as the kind of support or training they offer.

Here are our top tips to ensure you are choosing the right franchise for you:

  • Think about what you want from a franchise. Before you start researching franchises, you should start thinking about what you want to achieve. You need to ask yourself whether investing in this franchise will be a full time job or something to do in your spare time? Will the revenue need to replace your salary as an employee? You will need to be able to answer these questions to help find the perfect business for you.
  • Think about how much money you have to invest in a franchise. You must be realistic with your budget. The amount of money you have to invest will more than likely determine what franchise opportunities available to you. However, franchising takes time to be profitable so you must have enough money to live on until you make a profit.
  • Consider how much risk you can cope with. If you consider how much level of risk you can handle, this will help to eliminate some franchise opportunities. For example, if a franchise fails then your business will suffer too, losing you money and work. Investing in a long established, big-name company will provide less risks than investing in an up and coming franchise where risks are high.
  • Will you be able to invest enough time? Before investing in a franchise you must find one that fits the role you want to take. A couple of franchises offer the chance to be an absent owner and hire staff to manage the day to day running’s of your business. Most franchises require you to have a hands-on approach and work long hours to achieve success. Therefore you need to think about your commitments such as family, a job etc. and decide how many days and hours you are willing to work as part of the franchise.
  • Think about what you’re good at. Similar to looking for the right job, to invest in a franchise you must evaluate your skills, experience and personality to find the right franchise. Consider whether you prefer working on your own or in a team, or whether you prefer interacting with customers or managing staff. 
  • Franchise must have a strong support system for franchisees. In order to be successful, you must be able to have support when working under the franchise. If you buy into an established brand they must have a business model that can be followed so they should be able to guide you when starting up your business.
  • A variety of great corporate staff. In order to get to know the franchise, it’s important to meet with the owners and see how they work in the business and what kind of people they are. It means you then have a connection with them to help ease you in to the start up process.
  • Do they seem invested in helping your potential grow? Before you make the final decision to invest in a franchise, ensure that the company itself and it’s staff are dedicated in helping you and your business grow. This will show that the franchise care about their franchisees and you can guarantee a positive experience.
Next week, in the final part of our series, once you’ve decided on your franchise how do you make it a success? Stay tuned!
How To Start A New Business in travel franchise

The 411 on Franchises: Part 1 – “What Is A Franchise?”

What Is A Franchise?

Franchising is a method of expanding a business through the licensing to independent people. The franchisors (a person or company who grants the license to an independent person to conduct business) specify the products and services that will be offered by the franchisees (a person or company who is granted the license to do business under the trademark and trade name) and provides them with an operating system, brand and support.

What Are the advantages?

Advantages of buying a franchise:
  • Joining an established and known brand- Franchises offer the advantage of operating a business under an already established business. This means that the brand and its techniques are already successful and are able to repeated through each business brought in under the franchise.Similarly, operating under an already known brand means there should be less work (and cost) in getting your business established. The franchise should already have a loyal customer base and be trusted in the market.
  • Being your own boss-
As a franchisee you have to be the manager and owner of your own business, meaning there is far more personal commitment and motivation to the job than being just an employee. You will need to be eager to make the business succeed, putting in extra hours to ensure customers and profits are gained and maintained.
  • Building business relationships- The franchisee can take advantage of the many business relationships a franchise will have already made. This means relationships with suppliers and advertising teams will already be in place and easy to contact.
  • Less likely to fail- It has been proven that 90% of new business start-ups fail within the first three years of running compared to franchisees. A franchisor should have a proven business concept in the marketplace prior to franchising so risks to the business are minimised.
  • No prior experience is needed- The training received from the franchisor should ensure the franchisee establishes the skills required to operate the franchise. Therefore, no previous experience is need, only a passion for what you are doing.
Now we’ve answered the question of ‘what is a franchise?’ and you know the many advantages, find out how you can find the right franchise for you…  
flexible childcare options and working from home

7 Reasons Why You Should Start An Online Travel Business

With internet spending predicted to account for 40% of all retail sales by 2020, and 84% of internet users around the world shopping online, it’s easy to see why you’d want a piece of that pie and should start an online travel business.

If the thought alone of making money doesn’t motivate you to start being your own boss, here’s 7 reasons why starting an online travel business can be incredibly rewarding.
  1. Customer support
High quality customer support and retention are two factors which can heavily influence the value of your company. Working online can mean that you are always a click or phone-call away, meaning that you can easily provide customer support efficiently.
  1. Niche
Starting your own travel business can give you unlimited choices in terms of what you’d like to specialise in. Interested in providing holidays to super unique locations? Interested in providing holidays to those with additional needs? Want to create a luxury brand for high end travellers? It’s completely up to you!
  1. Work from anywhere
One of the most common reasons to quit your 9 to 5 office job is the chance to work from wherever you want. Running an online business means you are able to work from home, work on the plane while travelling to luxurious locations or beside the beach, it’s all possible!
  1. Child care expenses
Continuing from the above, sometimes childcare can come at an extortionate price and become difficult to balance. If you were to launch your own online travel business, you can easily work from home with your children, saving yourself the portion of money spent on childcare, and increasing the priceless amount of time spent with your loved one.
  1. Business hours
It’s all about flexibility when you work for yourself. As much as you can still fufill the usual 9-5, there’s no reason why if you’re away from home you can’t get up early and finish early, leaving time to spend an hour or two to explore the local area! Alternatively, you may find holiday bookings and online sales increase dramatically in the evenings so you can be flexible with your time to accommodate this.
  1. Increase earning potential
Owning your own online travel business seriously unleashes the ‘the skies the limit’ approach to work. There’s no caps on how much you can earn, or how successful you can become, it’s all down to how much you dedicate yourself to your passion.
  1. 24/7
With a traditional shop or high street travel agency, business hours are usually 9 to 5, which limits the time spent growing businesses or increasing sales. With an online travel business, your business is open 24 hours a day, every day of the year, this way you can earn money while you sleep. Just imagine – waking up to see sales you made while you slept. If you’re interested in starting your own online travel business, maybe The Travel Franchise is for you. Find out more information here.
how to fund my new business travel franchise

How to buy a travel franchise

Once you have made the decision to buy a travel franchise you will no doubt be wondering how to fund your new venture.

  There are a number of options available to you, you just need to decide what one suits your lifestyle and of course, financial circumstances the best. Use savings If you have a savings account this is of course the best way to buy your new business, as you will avoid any interest repayments in doing so. Apply for a loan This is a common method of buying a franchise and in fact some banks have a franchise division, which can offer you more information. You will need to have a clear business plan, information about the travel franchise you are looking to join in addition to your current financial position ready for this meeting. Use a windfall If you have recently been made redundant or suffered a loss that resulted in you receiving an inheritance you could use these funds to start your on franchise. Again there should be no interest repayments associated in doing so, making this is a great financial option. Home Equity You may consider adding the franchise fee to the current mortgage on your home. You must be wary when exploiting this type of financing as the loan amount is secured by your home and may also end up costing much more as it is over a longer term. If you can’t repay the amount you finance using this source, you risk losing your home. Look for a travel franchise where you get 100% of your money back. Yes this does exist. Here at The Travel Franchise you can qualify for 100% of your money back within the first year and plenty before you have done exactly this!   Quick Franchise Finance Guidelines  
  • Make sure you talk to the travel franchise in question, they may have other ideas once you tell them your circumstances
  • Ask friends of family if they will lend you the funds
  • Speak to people who understand franchises or have bough a franchise before, as they will understand better than others do.
  • When filling out financial forms double and triple check all information to avoid any unnecessary delays.
  • Wherever possible keep your debts and expenses to a minimum
  • Don’t give up!
We hope this article has been helpful. If you would like to speak to someone about your franchise options please do not hesitate to contact us for an informal chat.    
Norma-travel-agency-franchise

Making A Successful Travel Agency Franchise

See how Norma made a five-figure travel agency franchise. Norma shares her story on making a successful franchisee business with The Travel Franchise

What franchise to choose

Choosing a franchise can be difficult, but once you understand what to look for life becomes much simpler.

There are just a few questions you need to ask yourself and once you have answered, honestly, you should have a much clearer idea of what your future career will be.how to choose a franchise travel and business

What do you want to get out of the franchise?

You need to understand exactly what your own expectations are and make sure they align with what the franchises you are interested in offer. Once you can determine this you need to consider what you will be putting into the franchise. Are you looking to work part time or full time? Will this be your main source of income? Do you want to progress your role within your franchise to eventually assist in training new recruits? What do you expect to earn? It all sounds very simple but you need to take the time to fully understand that the franchise you select now will impact how feasible your long term plans are.

Why are you looking to franchise?

What are your main reasons for franchising? You need to be fully aware that the amazing benefits a franchise offers – the support, the training, the mentoring and the ability to avoid common mistakes – do not give you the right to sit down and just expect work to fall into your lap. This is your business and your future and it is down to you to make yourself a success.

What is your long term plan?

Do you have an exit strategy? This is a question that is often neglected. Be honest with yourself about how long term this option is for you. A lifetime career you pass down to your children or something you want to flip in five years?how to choose the best franchise. Travel and business franchise The reason this question is vital in the early stages is different franchises have different restrictions on what you can and can’t do.

What are you good at?

Think about what your natural abilities are. If you are have great interpersonal skills and love people then play to that strength. If maths and IT is more your forte then that is the direction you should be heading in. If however you are really good at something but don’t enjoy doing it don’t panic yet. Franchising provides you with the unique opportunity to reinvent yourself by using the building blocks others have trialled and tested for you. The vast quantity of franchises available can be nothing short of overwhelming but by using the steps above you will be able to start discounting a large number of options as you realise it doesn’t fit the mould you want to fill. Don’t fall into the trap of beginning your franchise journey by first considering individual options. Instead think about industries and narrow the possibilities down from there. If you need any information we will of course be more than happy to help so feel free to contact our travel franchise or fill in your contact details in the box at the side for updates.