T:Trainer M:Man T:so , that is end of my talk.are there any questions?yes?M:I thanks for your talk , it was very interesting . I've been thinking of starting my own business and I wondered what you thought of franchises . T:That is a good question , in general , it is important when you are thinking of becoming a franchisee to be someone who likes to follow rules ,and have support from others. Entrepreneurs tend to be people who do not like following tried and tested rules . So if you do not like doing what other people want , then franchising is not for you . Secondly ,I'd say make sure the brand is strong and that it is something you are interested in . For example , making and selling pizzas might be profitable but do you want to do it in the next five years? I also think you need to like hard work . People shouldn't think that running a franchise is less work than being a sole trader . Finally , that is the money , you still need the start-up capital , this can be low as 5000 pounds and as high as 230 000 pounds for well-known brand like Domino's Pizza...
sole trader