Franchising as a Route to International Expansion with David Bond and Gordon Drakes #58
Since we started this series of podcasts a couple of years ago, quite a number of people have asked me to cover franchising as an approach to Grow through International Expansion. Becoming a franchisee has certainly proved a popular business opportunity for many who have a reasonable sum of money to invest, want to run a business that they can get started quickly, but who either don’t have a ready business concept of their own or simply want the increased confidence that operating an established model brings. However, I admit that franchising is not a topic that I’ve had personal experience of. Indeed, until a few days ago my assumption was that it was limited to fast food restaurants, hotels and quick printing and office services shops. But then I read an article by David Bond and Gordon Drakes of Field Fisher. That was about franchising British schools abroad – definitely not something I had ever considered before. David and Gordon are lawyers, and have both specialised in franchising for many years. Their article opened my eyes to the opportunities not only for franchisees – those who buy and operate the franchise – but for businesses to become franchisors, and to use that as a route to international expansion. I’m delighted that they accepted my invitation to join me for this Grow through International Expansion podcast. If you missed earlier episodes, you can find them on our Grow through International Expansion platform, https://growinternational.org . Our platform is independent, carries no advertising and is not for profit – we seek to deliver useful, valuable content, essential for all those who have interest in international business and global trade.