FranchisingWorks has now facilitated its first four franchising deals, passing a vital milestone in its mission to create employment opportunities through franchising. Two of the deals have enabled unemployed people to take on self-employment through franchising, with FranchisingWorks giving advice, support and funding – the latter with finance from the innovative FranchisingWorks licence fund. The other deals involved self-financing candidates who had been made redundant; one of these franchises aims to create 60 jobs in its first year.Colin Hughes, 53, became unemployed after 25 years in corporate roles. He realised that his best chance of finding work and job security in the current economic environment would be self-employment.
Colin says “The FranchisingWorks project was helpful in a number of ways but primarily in introducing candidates to a number of credible, pre-approved franchisors and giving guidance to franchisees on how to decide which type of franchise would be best for them. It was also helpful in funding the franchise launch and making contacts with banks and other funding providers”
Supported by FranchisingWorks, the franchise Colin eventually chose was VIP Bin Cleaning.
Mark Harvey, UK Managing Director of VIP Bin Cleaning, said “The successful launch of the first VIP Bin Cleaning franchise in Manchester was made possible by the sheer determination and support of several people including FranchisingWorks, Colin Hughes and VIP itself. All of these people have been instrumental in making this franchise possible and it shows what can be achieved when people work together and believe in what they are doing”.
Neela Jackson wanted to achieve a better work life balance and more flexibility after being made redundant in March 2011. FranchisingWorks has helped me immensely. It made me realise that franchising was a good option for me and that as someone new to self-employment, a franchise could offer the information and support I might need. FranchisingWorks has been a support and point of contact every step of the way”
I chose The Creation Station because it immediately ticked all the boxes in terms of flexibility and the work/life balance that I wanted. It was important to me to be able to drop my daughter off at school and pick her up; the business allows me to be able to do this”
Neela will begin trading this summer and aims to employ at least one other person towards the end of her first year in business.
Supported by RBS, NESTA, AGMA, and New Economy, FranchisingWorks is an innovative programme to reduce unemployment by helping the unemployed create new businesses and jobs through franchising. It has also developed a unique fund to lend to successful candidates with insufficient financial resources of their own.
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