
Road test your idea 45
opportunity for starting-up. Try
approaching the owners or senior
managers and offer to ‘spin-out’ the
business. You can pay them a lump
sum, a licence fee or share of future revenues. I’ve heard some
amazing stories of people being paid to take distracting business
units off the hands of larger companies.
But if they’re not willing to play ball? Well, you are quite enti-
tled to leave and set up on your own.
Buying a franchise
People used to be sniffy about franchising, saying they’re not
‘proper’ businesses. Fortunately those days are long gone.
There are over 30,000 franchised outlets in the UK and over ...