When thinking about your options for franchise ownership, its resilience is a big consideration. Which is why, after 43 years, Transworld Business Advisors franchise partners are confident about their future

There’s no denying the level of uncertainty for the economy and employment, is incredibly high, right now. It seems like each day we’re rocked by more news which could impact the success of a business. So, what should you do? If you’re thinking about starting your own business, a key consideration is the sector you’re looking at, and the economic impact you could potentially face.

Unlike other sectors, Transworld Business Advisors isn’t as affected by the supply and demand issues, as we don’t manufacture or sell products. We’re a professional services franchise offering a service to business owners who want to exit their businesses. In June, 1 in 5[1] businesses reported a drop in turnover in May – thanks to rising energy prices and supplies – compared to last year, and around 80% of SMEs see the current cost of living crisis as a threat to their future[2]. However, here at Transworld, we’ve seen an increase of new client activity with an extra 22% increase in new enquiries about selling a business.

A business not dependent on supply chain

One of the strengths of the Transworld Business Model is the fact we’re not dependent on any supply chain. As a business advisor, it is worth staying aware of what’s happening in other industries so you can support your clients. But, economic circumstances won’t negatively impact how you operate – or grow. This is what has allowed Transworld to continue to grow as a franchise into 12 countries, since we first started in 1979.

A business supporting other sectors

As a Transworld advisor, you’ll support clients with the sale of their business. The reassurance for you is that many businesses sell because the owner is ready to retire, or has another venture in their portfolio they want to focus on, not because it’s about to fold. The thousands of clients we’ve worked with have a saleable asset buyers are keen to invest in. So, as with all our franchise partners, you’ll ensure the continuity of a business, maintaining employment in the locality, and services customers rely on.

A business with low overheads

At a time like this, being able to run a business with low overheads is an attractive prospect. Many of our franchise partners work remotely – having done so even before the pandemic. Use somewhere reputable for client meetings, but otherwise all aspects of operating your business day-to-day can be done smoothly from any location. This means no external office expenses to consider, and you can offer your staff flexible working which suits them in a post-Covid world.

A business with peer-to-peer support

As you’d expect from any successful franchise, the network you join, is keen to support you through any challenges you come up against. Being in business by yourself is difficult; it’s why the majority of them fail within the first five years. Franchising offers you more than just the proven business model. With us, you also gain the history of our business continuity and the reassurance of our resilience, based on the 250+ global franchise partners currently growing their Transworld franchises.

A business for you?

So, is Transworld Business Advisors right for you? I’m happy to have a conversation about any aspect of the model and how we work. You can read about how Transworld is a resilient business, but I can tell you in more details how this is true. So, why not contact me today?

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[1] According to the latest Business Insights and Conditions Survey released on 30^th June, 2022

[2] Small Business quoting from PayPal’s Business of Change report, 1^st June.