Bishop's Stortford: +44 (0) 1279 755 777
London: +44 (0) 20 7294 7330
We first met the community at St Elizabeth's 2 years ago and were awe inspired by everything they do. They provide an environment where individuals with epilepsy feel empowered, valued and supported through the provision of education, workshops and pastoral care.
We have held a number of fundraising events from staff lunches, to quizes and now the big one - the Yorkshire Three Peaks.
We are so grateful for the support from Prontaprint Bishop's Stortford, Sworders and Daniel Robinsons.
Lets try and smash that target!
Wednesday 8th May 2013
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Action Coach, Bird Luckin and Bishop's Stortford Solicitor's Nockolds have teamed up to bring you a free business breakfast seminar.
The seminar will look at key aspects from marketing, finance and employment law to help you to improve performance and increase profitability, helping you to plan for success.
A light breakfast will be provided for you to enjoy whilst you listen to the advice of our experts.
Venue: Bury Lodge, Bury Lodge Lane, Stansted, CM248QE
9:00 for 9:30 start until 11:00
How to increase your profits by 61% in the next 12 months.
How to target highly profitable customers.
How to turn your advertising and marketing into an investment instead of an expense.
To book one of only 5 “Free Marketing Strategy Sessions” please contact firstname.lastname@example.org
What you need to hit your profit target.
Understanding margin analysis.
Calculating your break even point.
To book one of only 5 “Free Financial Appraisals” please contact email@example.com
Unfair Dismissal – Debunking the myths and how to recruit without fear.
How to use your Employment Contract to protect your business.
Government reforms of employment law – What is coming and how will it affect your business?
To book one of only 5 "Free sessions to review your Employment Contracts, Policies and Procedures" please contact firstname.lastname@example.org
To book your place on this seminar please contact Laura West on email@example.com, providing the following information:
1. Full name and company name
2. Email address
3. Dietary requirements
Please note that only those attending this seminar are eligible for the free review sessions and places are booked on a first come first served basis
Franchising – the advantages and the disadvantages
Franchising is becoming an increasingly popular business model in the UK. The number of franchise systems operating in the UK in 2010 was 897 which is a 15% increase from 2006. The total turnover rose to £12.4 billion in 2010, again representing a 15% increase for the same period.
Thorntons have recently announced the closure of up to 180 shops over the next 3 years. Those to be closed are all stores directly owned and run by the company. It is hoped that they will replace the majority of those affected with franchised stores. They have confirmed that they wish to expand their business partly using franchising opportunities.
What is franchising?
A franchise occurs when the owner of a business (franchisor) grants a licence to another person or business (franchisee) to trade under their name selling the franchisor’s products or services.
The most common type of franchise is a business format franchise. Fast food restaurants are an example of this e.g. McDonalds. The other types of franchises are product franchises (e.g. Thorntons) and manufacturing franchises (e.g. coca-cola).
The franchisee will be required to pay an initial fee to the franchisor plus a percentage of the sales revenue. They may also be required to pay further fees for marketing, training and possibly rent.
• There is less likelihood of failure than with a new start up business as it is based on an existing product, services or method.
• The franchisor will usually give you support and training.
• You will benefit from any advertising or promotion made by the franchisor.
• Relationships with suppliers are established creating an increase in your purchasing powers and a reduction in your operating costs.
• Existing brand names and trade marks can be used.
• Financing the business can be easier as banks may be more inclined to lend money to buy a franchise with a good reputation.
• Costs can be high. As detailed above there is an initial fee plus royalties and possibly other fees for advertising and training.
• The franchise agreement will usually include restrictions on how you can run the business.
• Local goodwill may be transferred to the franchisor at the end of the franchise period.
How can we help?
Whether you are a franchisor or a franchisee it is imperative that your rights and interests are protected in the Franchise Agreement. Franchise Agreements vary but should deal with the following:
• Duration (term)
• Geographical territory
• Support by the franchisor
• Restrictions on the franchisee
• Intellectual Property Rights
• Monitoring the performance of the franchisee
The Franchise Agreement provides protection for the franchisor and governs how the franchisee can trade. With potentially large sums of money being invested it is vital that both parties obtain legal advice before entering into a Franchise Agreement. Whether you require a new Franchise Agreement to be drawn up or a review of an existing Agreement we can help…
With the ever increasing cost of living and the list of UK firms announcing restructuring, redundancies and closures - what are your options to recover your debts to keep your business afloat?
Nockolds New Debt Recovery, provides an excellent overview of the options available to you, click here for more details
With Thornton’s today announcing that it is to shut at least 120 stores and with Jane Norman and Habitat both having gone into administration in the last week the threat of redundancies is looming ever larger over many UK employees. Here we answer some of the most Frequently Asked Questions from employees at risk of losing their jobs.
For more information or advice contact Gary Smith on firstname.lastname@example.org