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October 24, 2008
There is much talk of doom and gloom in the economy and with money tight you might be more wary.....
about going into business for yourself. However, when is a good time? The fact is that businesses are built in recessions too.
In almost 25 years of trading, Chemex has experienced periods of both recession and boom. Whilst the UK is by no means in a full blown recession, consumers are concerned about the current state of the economy. The credit crunch means that lenders will be more careful about providing money for business start ups outside of franchising. For established and credible franchisors, funds are still readily available through the main banks who will typically lend up to 70 per cent of the franchise investment. Additionally, essential services such as cleaning and hygiene products where health and hygiene related issues create the demand, are not tied into consumer spending. Due to the nature of the products and their continuous demand this is also a repeat order business. Although not recession-proof, the extensive and diverse range of Chemex products provide choices for the customer who will always need cleaning and hygiene materials whatever the state of the economy. It is generally accepted that the failure rate for franchises is lower than that of stand-alone business start-ups. However, it is important to choose your franchisor wisely and find something that you will enjoy doing which has the potential to realise your dreams and aspirations. Get rich quick schemes are seldom stable and for the long term. Promises of fast cash and immediate returns should ring alarm bells. Traditional businesses require hard work, planned growth and business acumen. Chemex provide a detailed introduction to their business for any potential franchisee which includes a meeting at their head office in the West Midlands, discussions with franchisees over the telephone and time spent in the field with a franchise operator. Their selection program is designed to find the right match of candidate as the next 25 years growth will see many of its franchisees moving towards the management of multi- van operations.
Learn more about Chemex International Ltd.- Cleaning Franchise and request more information.
Other news articles from the same month
September 2008
August 2008
July 2008
June 2008
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