Radfield Home Care shortlisted for major franchise award

March 6, 2019

Radfield Home Care has been shortlisted for a prestigious accolade at the bfa HSBC Franchise Awards.

The family business is hoping to scoop the Emerging Franchisor of the Year award when the winners are announced at the Vox, Birmingham, on June 27.

The company, formerly Radfield Residential Home, ran as a care home for 26 years before being established as Radfield Home Care in March 2008. It then started franchising in 2016.

It specialises in providing care at home services to older people within the private marketplace and now has 13 branches located across England.

Co-founder and qualified GP, Dr Hannah MacKechnie, is delighted that the values-based business model has been recognised as a leading ethical franchise opportunity. “We have always been family owned and those values run throughout the business,” she said.

Related: Home Based Franchises UK – Should You Buy A UK Home Based Franchise?

“We not only provide our clients with a high quality service, we also strive to provide our staff with a rewarding work environment and offer our franchise partners the same high standard of support and guidance. It is an honour to be recognised as one of the bfa’s shortlisted Emerging Franchisors and further supports our mission to provide an ethical and rewarding franchise opportunity.”

Pip Wilkins, CEO of the British Franchising Association (bfa), congratulated Radfield Home Care.

Related: Senior Care Franchise UK – Should You Buy UK Senior Care Franchises?

“Radfield Home Care does a lot for the community, helping vulnerable people and building relationships. The franchisor also give full support to its network of franchisees, and the company is fully deserving of its place on the shortlist,” he said.

Image: From left – Dr Hannah MacKechnie (co-founder and franchisor), Phil MacKechnie (digital marketing manager), Jess Jenkinson (governance & operations manager), Trudie Meredith (marketing manager). Alex Green (co-founder and franchisor), Ed Gill (franchise recruitment manager).

Source: Home Care Insight

Home Based Franchises UK – Should You Buy A UK Home Based Franchise?

January 12, 2019

Home Based Franchises UK – the TOP 10 MUST KNOWS about finding and running a successful UK Home Based Franchise.

Unlike other dubious work from home opportunities, home based franchises UK give you a full-fledged source of income – a business of your own that you can grow the way you want to. Here’s all you need to know about these opportunities.

Working from home is one thing many of us dream of, but only few can well and truly pull off.

There’s no denying – it’s a wonderful idea to be able to work right from the comforts of your home, preferably on your own terms.

The internet has finally made this possible for many – and the number only keeps rising every year.

Franchising, in that respect, has been a great catalyst. Thousands of UK citizens now run successful franchise businesses from their homes. In this article, we’ll take a look at what home-based franchises bring to the table and what you – as a would-be franchisee – can expect from them.

First Things First – Remote Working Is No More a ‘Hip’ Trend, It’s a Full-Fledged Lifestyle

Working from home was never really a mainstream idea before the internet came about.

Today, however, things are a touch different. Working from home is not necessarily something that people are forced into doing as a result of circumstances. It’s an alternate lifestyle that many choose on their own volition. Multiple factors – from the lack of local opportunities to physical restraints – play a part, but the point here is that home-based job opportunities are no more limited by skills or rewards. If your job can be done remotely, you can get paid fairly for it.

The numbers are pretty interesting in this regard.

Over the past decade, work-from-home workforce has been steadily increasing in numbers. ONS data revealed in 2015 that over 4 million people worked from home across industries. An interesting insight – provided by a private surveyor – tells us what businesses think of this trend. Nearly a third of UK business owners think that close to 50% of the UK workforce will be working from home, come 2020.

What Does This Trend Say About Home Based Franchises UK?

A lot.

Throughout our franchising blogs, we have maintained that franchising is a business model that’s here to stay.

Combine this with the trend of people and businesses preferring home-based working and you have a vision that’s more than promising.

4 out of 10 UK Franchises are either presently home based, or have the potential to be. Considering the overall survival rate of franchise businesses over the first five-year period, it’s safe to assume that home-based franchises deserve to be taken much more seriously.”

Home based franchises UK are more popular today than they ever have been, partly because more and more people are now open to the idea of running a flexible business of their own – as opposed to just working for someone else or being a freelancer. All these factors – the growing entrepreneurial spirit, conducive economy, ease of doing business, the flexibility that comes with home-based working and the unlimited earning potential – mean that it’s about time we took home-based franchises seriously.

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How Do Home Based Franchises UK Work?

The biggest concern that many franchisees have before signing up is the ‘fear of the unknown’.

Working from home for an employer is one thing – but having to run the whole show yourself is a completely different ball game. So, it’s not too difficult to see where the apprehensions come from. A good way of dealing with this is to know and understand how home-based franchises work.

The Niche – The Most Prevalent Bottleneck

If it were possible, most businesses would hire home-based employees. But unfortunately, that isn’t the case.

In the same spirit, the business niche is the most definitive bottleneck as far the inner working of a home-based franchise is concerned. As of today, the majority of work-from-home franchises are professional service providers of some sort. Think accounting, consultations, pet services, real estate and even babysitting. Another common denominator in most of these franchises is the personal involvement of the franchisee. If you are already experienced in the field of business your franchise will operate in, you will have no trouble getting your business off the ground.

The Operations

The operations of home-based franchises are like any other franchise – except they are all carried out from your home, and not some office.

What this also means that your work will either be exclusively remote with no customer walking in, or visit-based where you visit the customer’s home/office as and when the need be.

The Employees

Will you be required to hire staff? Where will this staff work from? Will you delegate all your work to the staff and just play the manager?

It all, again, depends on the nature of your business.

If you want to run a home-based pet food franchise, you’ll probably need a few employees to drive mobile vans, tend to customer appointments and answer routine service calls. On the other hand, if you want to run a home-based accounting franchise, you may not need to hire staff at all until you decide to expand your operations.

The Training

For a home-based franchise, this is another aspect that often turns into a headache.

Will the training be online or on-site? Will there be regular training sessions as your business grows? Will the franchisor take responsibility of ‘initiating’ you in their business?

The level of training you receive from the franchisor will always play a huge role in deciding how well you get up and running and how quickly you get used to this new model. If you work with a reputed franchisor, it can be expected that they have elaborate training programs in place to keep you on track. If not, you will be forced to figure things out on your own.

This is precisely why it is extremely important to choose the right franchisor.

The Pros and Cons of Home Based Franchises UK

Home-based franchises have some obvious and some not-so-obvious pros and cons that all need to be considered before you make a business move.

Advantages of Home Based Franchises

1. Cheaper to Buy and Run

The minimum initial investment for most home-based franchises is usually on the lower side when compared with traditional, location-based franchises. Some work-from-home franchise opportunities let you get started for a minimum investment as low as £4,000!

This includes lower franchise fees, marketing capital and other one-off overheads.

As far as regular operations go, home-based franchises are unanimously cheaper to run. You don’t have to worry about renting a location and paying for the utilities. If your franchise can run without you requiring to hire staff, that can also save you a great deal of money.

2. Freedom (That Comes with a Lot of Responsibility!)

The freedom to work on your terms is certainly a thing of luxury. Home-based franchise opportunities allow you this freedom.

At the same time, it needs to be remembered that you will be responsible to the performance of your business. Choosing the right business structure can take care of many issues related to this.

3. Flexibility

This is perhaps the most compelling argument in favour of work-from-home opportunities – and home-based franchises are no exceptions. Running your business from home allows you to be flexible in terms of scheduling your work hours, getting work done and looking after your other interests.

4. Productivity

There’ll be no hours lost in commuting, no time wasted in nursing fatigue/stress that comes with having to ‘go to work’.

Of course, home-based franchises don’t offer you a stress-free lifestyle, but if you enjoy running your own business, this might work very well for you.

5. Opportunity to Learn

Most workplaces don’t offer explicit learning opportunities to their employees. Working for yourself – as work-from-home franchises let you do – can be a great learning experience that can help you grow as an entrepreneur and as a person.

6. Ideal for Parentrepreneurs

Helming the responsibility of looking after a young family doesn’t mean you have to sacrifice your entrepreneurial talents. Home-based franchises offer an ideal platform for stay-at-home parents to explore new avenues, achieve their goals and benefit from a steady stream of income.

Recommended: Be Wise, Be Informed. Here’s Our Take On the Pros & Cons of Running a Franchise.

Relative Disadvantages of Home-Based Franchises

1. Scalability Problems

A good business is inherently scalable. Even when your revenue is limited by the size of the industry itself, it’s makes no sense to have more limitations. Many home-based franchise opportunities face such scalability problems.

2. Blurred Lines

Working from home also means that you’ll always take your work home (and vice versa). In such a situation, it’s very easy to let your personal, social and professional lives to overlap.

3. The Niche Bottlenecks

We touched upon this point briefly in the earlier part of this post.

To find a franchise opportunity that goes well with your expertise AND is home-based can often be a tough task.

4. Inability to Raise Finance

Running a home-based franchise means that you can often make do with limited working capital. In case, however, you need to raise more money to fund business operations, things can get tricky. But it’s not all too bad – if you and/or your spouse have got a good credit score to bank on, you can raise money in your personal capacity to take care of your home-based franchise business.

5. The Red Tape

It’s not always straightforward to convert a home into an office (or, even a home-office).

If you are planning on housing business operations that require storing inventory, equipment or workspace for staff, you may need to obtain licences (usually from your local council). If you wish to make changes to the structure of your house, you will, of course, need the relevant planning permission.

All these bureaucratic hurdles mean that you can’t always ‘start’ right away after buying the franchise.

Types of Home Based Franchises UK

If you can think of a business, it’s likely that there exists some home-based version of it somewhere.

That said, here are some of the most common types of home based franchises UK:

1. Computer/Internet Based Franchises

Web development, customer service, content agencies, graphic design etc.

2. Education/Art Based Franchises

Tutoring franchises – languages, music, sport, fine arts, dance etc.

3. Fitness Instructor Franchises

Swimming, Crossfit, Yoga, MMA etc.

4. Property and Finance Franchises

Asset management, tax consultations, loans, real estate, accounting etc.

5. Pet Franchises

Pet foods, pet grooming, pet care etc.

6. Home Services

Cleaning, home improvements, pest control, landscaping, kitchen makeovers, maintenance etc.

7. Senior Care Franchises

Assistive support, overall care, medical care etc.

8. Vending Franchises

Industrial vending machines, retail vending machines etc.

9. Admin Support Franchises

Providing remote admin support to local/remote clients (as a franchise).

10. Travel Franchises

Travel planning, insurance, cruise agencies etc.

Top Home Based Franchises UK

It’s clear that there’s a huge variety to draw from when it comes to work-from-home franchises in the UK.  Here are our top picks*:

1. Oscar Pet Foods

  • Minimum Initial Investment: £8,995 (plus VAT)
  • USP: Comprehensive pet food services
  • Type: Pet services franchise
  • Full training provided
  • Online presence – social media, dedicated franchise website, Google My Business
  • Marketing support
  • Flexible operations
  • Full BFA Member

2. Right at Home Domestic Care

  • Minimum Initial Investment: £37,000 (plus VAT)
  • USP: High-quality, reliable domiciliary care
  • Type: Senior care franchise
  • Reputed brand name
  • International presence
  • Full training provided
  • Full BFA Member

3. Auditel

  • Minimum Initial Investment: £37,950 (plus VAT)
  • USP: Strategic cost management services
  • Type: Business services franchise
  • A leading business management brand
  • Full training provided (including a residential training course)
  • Personalised support
  • Full BFA Member

4. Aspray

  • Minimum Initial Investment: £37,500 (plus VAT)
  • USP: Property damage insurance claims
  • Type: Insurance franchise
  • In business for over 13 years
  • Large network of franchises
  • Full training provided
  • 100% work-from-home opportunity
  • High profit margins
  • Full BFA Member

5. TechClean

  • Minimum Initial Investment: £19,500 (plus VAT)
  • USP: Specialty IT equipment cleaning services
  • Type: Cleaning franchise
  • Unique services, pioneer in their niche
  • Full training and support
  • Large B2B business network
  • Easy to set up from home
  • Suitable for business district residents
  • Associate BFA Member

6. Sticky Fingers

  • Minimum Initial Investment: £2,995 (plus VAT)
  • USP: Fun, creative cookery workshops and parties for children
  • Type: Entertainment/tutoring franchise
  • Relatively newer establishment, unique business model
  • Opportunity to build a steady business in residential districts and suburbs
  • Ongoing support
  • Low start-up cost

*The information provided in this section is merely indicative in nature. Please contact the respective franchisor for more information.

Home Based Franchises UK – Important Takeaways

  • Understand the risks that come with buying a franchise.
  • Know that running a business is a full-time job. There may be no days off.
  • Carry out necessary market research before you buy a franchise.
  • Understand how working from home will impact your life.
  • Choose your franchisor wisely.

If you run a home based franchise, we (and thousands of our regular readers) would love to know about your experience. To stand a chance to feature in our widely popular franchising success stories section, do feel free to get in touch with us.

Home Is Where the Work Is: The Rise of Home Based Franchises

November 26, 2018

Home now is not just where the heart is – it’s also where the work is! 2018 has been a year of many stories within the franchise industry, but one that’s certainly stood out has been the continued surge in popularity of home based franchises.

The popularity of working from home generally is on the rise – in the UK where I am based, data from the Office of National Statistics (ONS) has revealed that the number of UK workers who have moved into remote-working has increased by nearly a quarter of a million over the past decade, and this number is expected to continue its upward spiral, with half the UK workforce expected to be working remotely by 2020. In the US, according to the US Census 2017, 5.2% of workers in the US worked at home in 2017—or 8 million people. That share is up from 5% in 2016, and 3.3% in 2000. Lower in percentage terms than in the UK, but still an increasing trend.

And who could blame us for this new desire to work from the comfort of our own homes? No commute, flexible working, the option to work in your pyjamas should you so wish – and of course with superfast broadband as standard these days and the improvements in tech generally, working from a home based environment has never been easier.

Add into that mix the growing popularity among the population of self employment in general and this seems to be exactly why more and more people are looking towards home based franchise opportunities as a possible business venture.

So what are home based franchises? Quite simply, it’s a franchise business that doesn’t require fixed premises such as a unit or retail outlet. And before people start to panic thinking that they’d go stir crazy sat looking at the same four walls each day, what that doesn’t mean is that the business is fixed at the home. Many home based franchises are mobile ones, things like lawn treatment services, children’s activities, coffee vans and consultancy services. So whilst the paperwork side of the business is generally run from a home office, often the service or product is delivered out and about in the field.

One of the biggest attractions of  home based franchises is that generally speaking they tend to be lower cost – both in terms of initial outlay and then ongoing overheads. This makes a home based franchise an attractive opportunity for a wide pool of potential franchisees who do not want to invest or risk a significant amount of capital – although that’s not to say that a home based opportunity carries any lower percentage of risk than another franchise venture. Home based operations also tend to be fairly easy and quick to set up in terms of training and just getting off the ground and will generally be either owner operated or involve just one or two other people.

One of the other growing reasons for the popularity of the home based franchise must be the rise in “parentpreneurs” – parents looking to run flexible businesses around family life and very often work around the commitments of caring for young children. It could be said that home based opportunities attract this type of potential franchisee not just because of the home based element, but also the lower financial investment and the appeal of the type of business – many home based opportunities are based around education, children’s activities and health and well being.

Related: Home Based Franchises UK – Taking Stock of Impressive Work from Home Opportunities

For the franchisor offering a home based opportunity, the advantage of a wide pool of potential franchisees makes launching into this industry a very attractive proposition indeed for the emerging franchisor – hence the increased number of players in the market. However conversely they can arguably also attract a proportion of potential franchisees with weaker backgrounds, less ambition and simply attracted by the low numbers and high degree of flexibility. This is why, as of course with any franchise recruitment process it’s extremely important that the franchisor is cautious when selecting franchisees. It’s important to ensure that a potential home based franchisee possesses the same drive and focus as a franchisee in any other sector, that they are motivated and self disciplined enough to be able to grow and develop a business which does not have a fixed base and that they are ready to deal with the inevitable feelings of isolation and loneliness that all home workers must experience at times, no matter what their background or set up.

In fact, it could be said that even more discipline and self motivation is needed to succeed with this type of franchise business than with a bricks and mortar one with a team of employees, and a franchisor in a home based enterprise will need to consider very carefully how they structure support and keep lines of communication constantly open to ensure that their franchisees remain on track, focused and feel very much part of the network, team and brand.

Source: Forbes