8 tips to grow your business in the U.K.

8 tips to grow your business in the U.K.

Whether you are already running a business in the U.K, or looking to bring a brand from overseas, these are the key pointers to maximize your success

Keep up to date with the latest Global Franchise News sent straight to your inbox. Sign up here.

1. Know what you’re trying to achieve
What are your actual objectives for the business? Without clarity over exactly what you are trying to achieve, there is no way of telling whether or not you are trading successfully.

2. Know why you’re trying to achieve it
Business objectives must align with personal goals; otherwise, the fire within you to drive the business forward could be lacking. The ‘why’ might be to grow the business to pass on to the next generation of your family, or to develop the business rapidly for sale in five years’ time. Clarity around the what and the why are essential components to achieving business success.

3. Have and maintain an up-to-date business plan with projections
At Hitachi Capital Franchise Finance, we liken a business plan to a business ‘sat nav’ – a roadmap taking you from where you are now to where you want to be in the future. A good plan will detail your business objectives, strategies, marketing and sales proposals, SWOT and competitor analysis, and detailed financial projections. The business environment is fastpaced and ever-evolving, so your plan needs to be a living document that is tweaked and updated to reflect the specific market and business conditions.

4. Track your actual progress against that plan
All too often, a business plan is written merely to satisfy the requirements of a franchise lender, then hidden away in the bottom drawer after a loan is sanctioned, never to see the light of day again – why? Track your actual performance against the milestones set out in your plan! You’d be amazed at how powerful your output can prove to be, by giving yourself the data you need to make well-informed business decisions.

5. KPI selection and analysis
There will be a selection of key performance indicators (KPIs) that are most pertinent to you and your business. Trying to monitor every single available KPI is likely to prove too time-consuming, and you run the risk of ‘analysis paralysis’. Instead, drill down to those KPIs that really have the most significant impact on business performance.

Conduct trend analysis on these KPIs:

• Are trends positive or negative?
• What is driving them?
• Is there an opportunity or threat that needs to be addressed imminently?

This information is vital to achieving business stability and growth – act on the intelligence provided.

6. Select the right partners
You are in business for yourself, but not by yourself; there is a network of support available for you. It’s important you do your due diligence on the support available and take advice from those you truly trust, avoiding those with ulterior motives. Especially if coming to the U.K. from overseas, the value of local knowledge must not be underestimated.

“Don’t be fearful of asking for assistance; the U.K. franchise industry is highly collaborative”

7. Look for clubs or business groups of likeminded people
Within the franchise industry, you will be able to access networking and development groups for people with similar goals and objectives. It’s well worth exploring the opportunities local to you, as sharing of best practice and learning from each other’s mistakes can prove hugely advantageous. A quick Google search should highlight what is available nearby.

8. Don’t be afraid to ask for help
Don’t be fearful of asking for assistance; the U.K. franchise community is highly collaborative. The worst thing you can do if you are struggling is to keep quiet and bury your head in the sand. There is a wealth of knowledge and experience in this sector - use it!

Growing a business can be very challenging. However, a franchise system allows a less risky route to the market, with the benefits of a proven model and devoted support from the franchisor’s head office. You can also receive guidance from your peers and suppliers, who help with funding, business planning, and training services.

Recent statistics from a bfa/ Natwest survey show that the franchise industry is booming in the U.K. Providing you conduct adequate due diligence, partner with the right franchisees and franchisors, and follow the tips outlined above, you should be on to a winner!

Rob Orme QFP is the franchise relationship manager for Hitachi Capital Franchise Finance.

Keep up to date with the latest Global Franchise News sent straight to your inbox. Sign up here.

you may be interested in

franchise directory

  • TaxAssist Accountants

    Business & Professional Services, Financial Services, <100K, Featured

  • Cafe2U

    Food & Catering, Coffee, Take-away, <100K, Featured

  • 800 Pizza

    Food & Catering, Fastfood, Pizza, Take-away, Featured

view more
Connect with Linkedin Logo
Global White Logo Click Here
Close button


Any of the information we collect from you may be used in one of the following ways: To personalize your experience (your information helps us to better respond to your individual needs) To improve our website (we continually strive to improve our website offerings based on the information and feedback we receive from you) To improve customer service (your information helps us to more effectively respond to your customer service requests and support needs) To process transactions your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, without your consent, other than for the express purpose of delivering the purchased product or service requested. To administer a contest, promotion, survey or other site feature To send periodic emails The email address you provide for order processing, will only be used to send you information and updates pertaining to your order. Note: If at any time you would like to unsubscribe from receiving future emails, we include detailed unsubscribe instructions at the bottom of each email.


We implement a variety of security measures to maintain the safety of your personal information when you place an order or enter, submit, or access your personal information We offer the use of a secure server. All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and are required to keep the information confidential. After a transaction, your private information (credit cards, social security numbers, financials, etc.) will not be stored on our servers.


Yes (Cookies are small files that a site or its service provider transfers to your computers hard drive through your Web browser (if you allow) that enables the sites or service providers systems to recognize your browser and capture and remember certain information. We use cookies to help us remember and process the items in your shopping cart, understand and save your preferences for future visits, keep track of advertisements and compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future. We may contract with third-party service providers to assist us in better understanding our site visitors. These service providers are not permitted to use the information collected on our behalf except to help us conduct and improve our business.


We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. This does not include trusted third parties who assist us in operating our website, conducting our business, or servicing you, so long as those parties agree to keep this information confidential. We may also release your information when we believe release is appropriate to comply with the law, enforce our site policies, or protect ours or others rights, property, or safety. However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.


Occasionally, at our discretion, we may include or offer third party products or services on our website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.


We are in compliance with the requirements of COPPA (Childrens Online Privacy Protection Act), we do not collect any information from anyone under 13 years of age. Our website, products and services are all directed to people who are at least 13 years old or older.


This online privacy policy applies only to information collected through our website and not to information collected offline.


Please also visit our Terms and Conditions section establishing the use, disclaimers, and limitations of liability governing the use of our website at globalfranchisemagazine.com/terms-conditions


By using our site, you consent to our online privacy policy.


If we decide to change our privacy policy, we will post those changes on this page


If there are any questions regarding this privacy policy you may contact us using the information below. All correspondence relating to the Website should be sent to: Global Franchise 21/23 Phoenix Court Hawkins Road Colchester Essex CO2 8JY Email: subscriptions@aceville.co.uk