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For lots of UK working parents, the idea of running a business from home is appealing. No need to rush to the office every day, you can fit in the school run, and work around your family commitments. The challenge is to find an idea for a great business to run from home. That’s one of the reasons that home based franchises are becoming more and more popular.
A franchise is a business that is already up and running, where the owner sees potential for other entrepreneurs to set up new branches in fresh locations. The franchiser sells their brand and business model to the franchisee, and supports them to launch and run the new company.
Some of the world’s best known brands are franchise-led, including McDonalds, Domino’s pizza and Starbucks.
A home based franchise is this kind of business that lends itself to being run from home. It’s a rapidly growing area of franchising, especially as technology has made homeworking so much easier.
You’ll find lots of home based franchise opportunities on Working Mums’ dedicated section.
The big advantage of buying a franchise rather than starting your own business from scratch, is that there is less risk. It’s a tried and tested approach that has worked in other locations.
You’re also well supported – you’ll be coached, given materials and direction and you often have access to a network of other franchisees. That means you’re not as isolated as a new business owner.
Working from home can be tricky – and almost impossible if your children are at home with you.
Do consider carefully how you will realistically run a franchise from home and whether you will need additional childcare support to give you the time and space to get a home based franchise off the ground.
You should also consider your own personality and working style before comparing franchise opportunities from home. Are you easily distracted at home or, at the other end of the scale, will you find it hard to disengage from work if you’re not commuting to an office?
The Creation Station is offering a grant up to £2000, to apply download your information pack to find out if this could be the right opportunity for you.
You can run all sorts of franchise businesses from home – there are lots of examples on the franchising section of this site. Home based franchises range from professional services like travel agency and virtual personal assistants to cleaning businesses, educational franchises and more ideas that you’ll never have imagined!
There are home based franchises to suit most budgets. There are plenty out there that cost under £10,000, while others can reach £20,000 and more. You can also find low cost home based business franchises that might total just a few hundred pounds.
Examples of home based franchises costing less than £10,000 include:
Home based franchises costing less than £5,000 include: