Academic journal article Manager

There Could Be More to a Job Than School Leavers Think

Academic journal article Manager

There Could Be More to a Job Than School Leavers Think

Article excerpt

However, the majority of entrepreneurially-minded young people are likely to encounter a number of hurdles that can halt many new business start-ups. For example, do they have the relevant experience or the know-how required to run a successful start-up business and will they have an adequate finance option open to them?

For those who do choose to start a business, the risks are high, with the majority failing in the first few years. For many people, however, franchising is the option. It can provide the perfect route for people who are keen to set up their own business. Choosing a reputable franchise will enable budding and enterprising people to follow a tried and tested formula with the backing and support of a well established brand. This provides dramatically higher levels of success.

So is franchising the route for those looking to spread their business wings? It is definitely the right environment, but franchising will still require a level of finance and the ability to demonstrate the skills and character required. There are a number of young people able to provide this level of finance and demonstration of skill, but others may not be able to gather the required investment or have enough history to show they have the right aptitude. This is where franchising can offer another platform, one which is open to many people coming straight out of school, college or university - the chance to learn,

Tom Endean, Marketing Manager of the British Franchise Association (bfa), explains, "A franchise relies on having people with the right attitude and skills owning and running the individual businesses, and finding these people can sometimes be difficult. …

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