So you have finally taken the plunge and are either starting a franchise from scratch or have bought an existing branch. If you are thinking about running a franchise as a small business, you should have a good idea of what it takes to run it, from the day-to-day operations to the administration tasks. You should have also decided how involved you will be in the daily running of the business.
The ICAEW has published a very useful PDF guide to the different types of finance available to limited company owners – from a traditional bank overdraft, to equity finance.
In a speech delivered to an audience at Imperial College this week, Vince Cable outlined his plans to create a Government-backed business bank. However, many commentators appear to be underwhelmed by the proposals.