By following our proven business model, we expect you to achieve a turnover of circa £250,000 by year three. This is based on working approximately 20 hours per week on service delivery. From here you can aim for a £500,000 turnover in year five, enjoying superb profit margins of up to 80%.
Although this is sustainable as a one-person six-figure business, you will have all the tools you need to grow
even further by building a team of professional BizSmart consultants
EXTENSIVE BUSINESS PLANNING
Your first three years are mapped in extreme detail as part of the setup process – even blocks of time for holidays are included. We are not aware of any other
franchise that provides this depth of guidance, balance, and clarity of the journey ahead.
WORLD-CLASS TRAINING AND SUPPORT
After initial training, you can expect ongoing support every week to start with. A monthly franchise support network will also introduce different topics of knowledge to help you grow and get ahead of the game to deliver
even greater results for your clients.
INDUSTRY-LEADING PROPRIETARY SOFTWARE
BizSmart’s ScaleUp software has been developed from the ground up and provides unrivalled benefits to your clients’ businesses. You will feel empowered by this proven fintech masterpiece and leverage AI alongside it to learn every day and stay current in our fast-moving world.
A HIGHLY VALUABLE ASSET
With proven potential to achieve a turnover of approximately £500,000 in five years, you will also be building an extremely valuable asset you can sell in the
future.business coaching franchise organisation with that endorsement.
Opportunities available across the UK
Yes, through a third party.
BFA Provisional Member
BizSmart® has a clear mission: to radically improve the advice and support available to the owners of small businesses. We aim to help them scale and transform performance. And our franchise is an excellent platform for those keen to be business mentors.
Our founder and MD, Kevin Brent, is at the forefront of peer to peer and scale up business support. Having set up BizSmart® over 10 years ago, he has challenged the conventional approaches to business coaching to take full advantage of the growing demand from businesses for external support, particularly as they respond to the pandemic. The innovative programmes that Kevin and his team have created combine collaborative forums, workshops and 1:1 tutorials designed to inspire and motivate, delivering excellent results – meeting the rigorous endorsement standards of the ScaleUp Institute review panels
At the core of our business is an old African proverb: “If you want to go fast, go alone, if you want to go far, go together”
BizSmart® franchisees facilitate, enable and guide their clients through a collaborative process, stimulating ideas, solving problems and focusing on achievable goals as they navigate the scale up journey.
Business owners derive huge benefits from the scale up peer to peer approach that BizSmart® has created. Sharing experiences, ideas and feedback with other owners provides the extra inspiration and motivation they need to kick on and really fulfil the potential of their business. For franchisees, the business is hugely rewarding, giving them a central role in the success of their clients and the prospect of a six figure income.
ScaleUp Institute Endorsed!
A FANTASTIC OPPORTUNITY TO BUILD A GREAT FUTURE FOR YOURSELF WHILST HELPING OWNER MANAGERS TO BUILD GREAT FUTURES FOR THEMSELVES!
What We Offer
BizSmart® franchisees use their skills with our systems to help business owners scale up their businesses and gain more control and freedom as a result.. Our approach establishes ‘clear water’ from other franchises and is derived on 3 core areas:
Our unique approach to and understanding of the ScaleUp Journey as a series of ‘stepping stones’
A unique suite of resources (including software, video and printed tutorials, Annual report on the Challenges Scaling Up as well as a thought leading supporting book) to address the key challenges in transitioning to the next stepping stone
Harnessing the power of peers at different stages of the scaleup journey through peer to peer working supported by additional 1:1 support
Owner managers can engage with us through a range of trademarked programmes, enabling franchisees to build multiple recurring revenue streams and retain clients for extended periods. The average retention on our SmartBoards® is over 4 years.
A BizSmart® franchise provides the freedom of working for yourself. Your business would be:
Thought leading – ScaleUp Institute endorsed
Independent – you answer to yourself – freedom from suffocating corporate life
Supported – you’re not on your own; we help you build a robust business
Dynamic – peer to peer techniques are highly effective compared to typical business coaching methods
Systematised – our software and automated processes maximise working efficiency
Driven – we give you access to well proven business building techniques
Rewarding – for those with determination and ambition six figure earnings are achievable
Saleable – you’ll be building an asset for future sale
The effective methods we have devised allow franchisees to build a strong portfolio of clients within an exclusive territory. The business enjoys the benefits of recurring revenue due to its monthly membership fee and the quality of the support BizSmart® provides ensures strong client.
If using your leadership and commercial skills and experience to work with business owners, sharing your expertise to help them flourish, is something that excites you then a BizSmart® franchise would be the ideal franchise. You would organise action learning forums with small teams of like-minded MD’s and senior managers and conduct 1:1 coaching sessions. So, the prerequisites are proven business management experience, great communication skills and a genuine passion for business. Combining these qualities with BizSmart’s® innovative coaching programmes creates a powerful, winning business partnership.
The 6 Biggest Misconceptions About Purchasing a Franchise
If you’re considering purchasing a franchise, the best thing you can do is make sure you are well informed.
There are many common misconceptions about the franchise industry but, by doing your research and speaking to those who have already been through the process and know it first-hand, you can differentiate between fact and fiction and make an educated decision about whether franchising is right for you.
Here are 6 of the most common mistaken beliefs many people hold about purchasing a franchise, and some insight based on our discussions with prospective franchisees.
1. It’s cheaper to start your own business from scratch
One of the biggest misconceptions people hold about purchasing a franchise is that it’s expensive and it’s cheaper to start your own business from scratch.
In my experience, this couldn’t be further from the truth. It has taken us eight years to get our business model right, and we have invested far more into it than it typically costs to purchase a franchise.
Franchising investments can usually be worked to your own budget, but an important thing to remember is that purchasing a franchise will likely come with several benefits that a start-up would not.
2. You won’t have any independence as a franchisee
Another myth I hear a lot is that you won’t have any independence as a franchisee because the franchisor makes all the decisions, but this is simply not the case.
Of course, you do have to follow the franchisor’s basic system or ‘business blueprint’, but you will normally have flexibility in key business decisions, such as your location, who you hire and how you promote your business in the local area.
If you do have any concerns about this, before you commit to buying into a franchise, have a conversation with your potential franchisor and find out directly from them how things would work and what their level of involvement would be, so you can be certain flexibility is guaranteed.
3. The franchisor will build the business for you
Although the franchisor does set up a selection of frameworks and systems for your franchise to work within, owning a franchise isn’t a passive form of income and the franchisor won’t build the business for you.
While brand recognition, location, and a developed business system can take you far, you will still need to spend time developing, managing and growing your business - the benefits of franchising do not automatically guarantee you success.
Owning a franchise is hard work, and the only person responsible for making your business a success is you.
4. You need a lot of prior experience
The level of experience you will need to successfully run a franchise depends on the franchise model, but you may not need to already have specific industry knowledge.
Of course, having previous experience working in a well-established business at managerial level will aid your success as a franchisee and provide you with the foundation knowledge to run your own business. However, it is far more important to have the right attitude, as the franchisor will provide the specific training you may need.
5. The well-known franchises are the best
Many assume that the well-known and well-established franchises are the best, but this is not necessarily true. Clearly a well-established franchisor is likely to have a large number of franchisees and will be able to point to some successful ones, but this doesn’t mean new and emerging franchises are no good - quite the opposite, in fact.
Established franchises may well become complacent, whereas a good new franchise might be disrupting the market with new ideas and technologies, adapting much faster to changing needs. You may also find a more established franchise more restrictive, and a younger one more adaptive to you and accepting of your ideas.
To decide the type of franchise that is best for you, you need to decide what kind of business would give you satisfaction to build, however any good franchise, young or well-established, should:
• Have created a differentiated product or service that gives them a competitive advantage and leads to a sustainable [and profitable business model
• Be doing things ‘properly’. For example, are they members of the BFA [British Franchise Association]? This indicates that they are taking franchising seriously and have ‘jumped through several hoops’ to satisfy the BFA requirements
• Be good at engaging with and delighting customers. Do they have a proven route to attract new customers and systems to engage them in the business?
• Excel at training and developing new franchisees. What is their training programme like and how do they help their franchisees to be successful?
Even franchisors looking for their first franchisee should be able to demonstrate the above if they are to be taken seriously.
6. You should wait for the perfect time and the perfect franchise
Many people ‘fantasise’ about starting their own business, whether it be a franchise or not. They may have great ideas, but the timing isn’t quite right, or maybe the business idea is quite perfect. They are waiting for the stars to perfectly align and of course they never quite do – so 99% will never actually start a business.
It is the same with franchising. Only around 1% of people looking at the idea of franchising will actually take one up. The other 99% will say they haven’t been able to find the ‘right’ business. Perhaps the investment is a little bit too high, the returns not quite ‘guaranteed’ enough, or maybe a little bit too much work is required.
The 1% will decide that ‘now is the time’, do their due diligence, find a good franchise that suits their goals and make it work for them. At some point, you just have to make the decision that you are going to do it and set the wheels into motion. Are you in the 1% or the 99%?
Franchising is an amazing way to branch into entrepreneurship, but there is a lot of misinformation out there holding aspiring franchisees back from ever getting started.
By arming yourself with as much information as possible, and knowing the untruths to overlook, you can ensure you buy into a franchise for all the right reasons. But at the end of the day, you need to decide to leave the 99% behind!
Frequently asked questions
Will you help me get clients?
Yes, you will have access to our proven business development techniques and our training and mentoring will equip you to maximise lead conversion. The BizSmart® Scale Up programme is unique and often sells itself.
How long is the franchise term?
The franchise agreement has a duration of 5 years, with an automatic right to renew for a further 5 year period.
How extensive should my management career be to qualify?
It’s important that you can demonstrate very good commercial skills and have personal attributes that will enable you to communicate effectively. This may be based on just a few years of managerial experience, preferably in different market sectors. We do not have a fixed view on the length of business career that a franchisee has, the important requirement is that they have the knowledge and attitude to lead in a positive manner.
Do I need business premises?
No, a BizSmart® franchise can be run from a home office.
What fees do I charge?
We give you guidance on the fees that you may charge clients but the decision about the exact amount is down to you.
How much should I expect to earn?
The level of earnings that could be achieved are dependent on the amount of effort you apply and the success you have at retaining clients. As a guide, a well-run franchise has the potential to generate an annual turnover of over £200k and with low overheads the net profit is expected to be well into six figures.