FemaleFranchise UK Franchises For Women and Flexible Business Opportunities For Sale
-
A financial investment is required when becoming a franchise owner. Here we set out how to write a business plan when either applying for financial investment from a bank, or to attract a partner.
Featured Franchise
Leading Franchises

Writing A Business Plan

Women within the franchise market are seeing a significant increase in their numbers year on year. Today, 18% of SMEs (Small and Medium Enterprises) are female led. Whilst still drastically lower in numbers than their male counterparts, this is actually an increase of 1% from 2013: demonstrating the steady rise in female entrepreneurs.

Writing A Business Plan | Applying For Financial Investment

A financial investment is required when becoming a franchise owner. Although a franchisor will provide you with facts and figures from existing franchisees you will require a detailed business plan to show how you intend to make your own business a success.

Here we set out what will need to be included within your plan when either applying for financial investment from a bank, or to attract other partners:

1. Write with the audience in mind

When writing your business plan you must ensure that you continually keep the audience in mind. Key questions to ask yourself before even typing the first words are:

  • What is the plan trying to achieve? (E.g. funding from a bank, the communication of the business’ future or to attract other partners).
  • What will the audience expect from your business plan? (E.g. investors will expect a detailed breakdown on return on investment and how this is to be achieved).
Writing A Business Plan | Applying For Financial Investment

2. Know the format

Business plans follow what is a very strict format. The sections that should be included are:

  • Overview of the Company
  • Description and definition of the Product or Service
  • An overview of the market
  • Competition analysis
  • Introduction to the management team
  • Marketing plan and overview of current activities
  • Operations and Financials

3. Undertake market research… thoroughly

Knowing the market is essential and market research should be considered as a vital task for any business, particularly one that is just starting up or looking for finance from a bank or other creditor.

As an example, a locally based restaurant may consider the local population, the demographics of the population (such as average salary, number of children and ethnic origin) and whether the local area is flourishing. This market research would then be completed with the analysis of the competitive environment.

Writing A Business Plan | Applying For Financial Investment4. Ensure that your sums are correct

By far the most important section of your business plan is your financials. When seeking investment these figures will undergo some pretty tough scrutiny and so it may pay to seek professional help in this area such as from an accountant.

5. Include an executive summary

To finish your business plan you must remember to include an executive summary. This very brief introduction at the beginning of your document summarises the plan, generally speaking this should be no longer than around 300 words.

6. Use your plan and implement the points

Your business plan should not just serve a purpose for one meeting and then be forgotten about. Even if it was initially created to seek investment your business plan should help guide your short, medium and long term choices and be continually updated to include detailed instructions as to what, exactly, is required to grow.

At Female Franchise you will find one of the widest ranges of business opportunities in the UK. Use our search facility to find the perfect franchise for you or browse our resources section to learn more about becoming a franchise owner!

The World Of Domestic FranchisesThe World Of Domestic Franchises

It is then pretty safe to say that as far as franchises go, choosing a Domestic Services Franchise provides a pretty great outlook for you and your family’s future.

Have it all with franchisingHave it all with franchising

Many women struggle with a healthy work life balance, with many reporting guilt at having to go back to work following giving birth. So what’s the answer?

3 Ways to change your career around your family3 Ways to change your career around your family

Changing careers is never an easy step, particularly if you have been employed with the same employer and in the same industry for a number of years.

What questions should you ask a franchisor?What questions should you ask a franchisor?

Simon Bartholomew is the Franchise Director of Oscar Pet Foods, here he talks about what questions you should ask a franchisor.

Do you have what is takes to become a Franchisee?Do you have what is takes to become a Franchisee?

Hear from Gail Jordain, Franchise Executive at Riverford Organic Farmers Franchise, the UK's leading Organic Food Business.

What is a Franchise Re-Sale?What is a Franchise Re-Sale?

Denise Hutton-Gosney, MD and Founder of Razzamataz Theatre Schools, explains why buying an existing franchise can offer you some wonderful advantages.

Become the photographer in your own businessBecome the photographer in your own business

The photography industry offers many opportunities for keen amateurs who want to make a living from it.

Are you thinking about buying a cleaning franchise?Are you thinking about buying a cleaning franchise?

Hear from Yvona a sucessful franchisee as she talks about why she decided to start up her own cleaning business and how her business has become a success.

So, you are looking to become a tutor -  but why buy a franchise to do it?So, you are looking to become a tutor - but why buy a franchise to do it?

Hear from Sarah Marsh, Director of the MagiKats Franchise, Sarah talks about why you should consider joinig a Tutor Franchise.

What is a franchise?What is a franchise?

Here is our guide upon what, exactly, a franchise is and what it offers the business owner.

Can I start a franchise and balance my life around familyCan I start a franchise and balance my life around family

With the right franchise business and approach you really can achieve the perfect balance between making money, building a business and indulging within family life.

Women Mean Business Too!Women Mean Business Too!

We take a look at a few of the shining stars upon Female Franchise, as well as a select few leading opportunities for the female that is seeking the next big business opportunity.

Schools out! - How franchises can fit around school holidaysSchools out! - How franchises can fit around school holidays

We wanted to expand upon the many benefits that being a franchise owner has both over the school holidays and beyond.

A New Business - A New YouA New Business - A New You

The Executive WomanThe Executive Woman

The Care Sector is evolving rapidlyThe Care Sector is evolving rapidly

Which Franchise Industry Would Suit Me?Which Franchise Industry Would Suit Me?

Christmas Shopping for a FranchiseBusiness Information - Christmas Shopping for a Franchise

Why Training Franchises and Coaching Business Opportunities are well worth investing inWhy Training Franchises and Coaching Business Opportunities are well worth investing in

Spoilt for choice - the abundant range of flexible 'family-friendly' business opportunitiesStarting a Franchise - Spoilt for choice - the abundant range of flexible 'family-friendly' business opportunities

10 Reasons to Start Your Own 'Work From Home' Franchise BusinessStarting a Franchise - 10 Reasons to Start Your Own 'Work From Home' Franchise Business

FemaleFranchise

Women in Franchising, franchises for women, UK Franchise Opportunities. Discover what is Franchising and explore new career opportunities and alternatives to jobs for women, careers for women, work from home franchises and business opportunities.

Latest News
To subscribe to our newsletter about the latest franchise opportunities and information, please enter your email address:
Latest Tweets

Introducing a new way to enable you to run your own estate agency #Franchise…">t.co/mn9xbmXDGh #Franchiset.co/4SnPAjCnEL

10:59 AM Mar 31st

Interest in children’s franchises continues to grow as the demand for children’s classes hits new heights of popula… t.co/seOxKgAdpN

12:15 PM Mar 23rd
You have selected no franchises Complete your requests