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Always consider the End Game…

It may surprise you but an important question that you will need to ask at the start of your business is what your ‘End Game’ is? What is your real purpose in starting, building and running that business?

Are you simply looking to produce an income?

Are you looking to do more and build an asset for future sale or to pass on to family?

Whatever your reason is, the really important thing is to ‘know’ the why. Understand your reason for starting the business.

Why do we say that? Well that reason, that ‘Why’ is the  motivation that can help you to stay focussed when things are tough and to ensure that you will always be building towards that ultimate goal.

One of the many benefits of building a business asset is the ability to ‘cash in’ at some point in the future. Good franchise networks help their franchisees consider the longer game- and focus on their ultimate exit from the business right from the start. This is something that certainly shouldn’t be done in a rush, but considered over the term of the franchise agreement, and ideally should be discussed even before the investment is made.

At Marla we do just that and start at the beginning. An exit strategy built around your reason for starting and owning the business is considered as part of the original business plan. Discussions on the subject also form part of regular reviews between franchisor and franchisee over the term of the franchise agreement.

For example, we work with you to decide the best way to structure your accounts ready for a resale or handover to a family member. This may include the best way to purchase assets such as vans and other equipment but it can also determine how you to take an income from the business.

So whether or not you decide that a Marla franchise is the right vehicle to start your own business, make sure what you do, you plan for the end game right from the start.

For more information on how you can build a business for your future please get in touch with us on 01329 849922 or visit our Franchise website:

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