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What is franchising? Everything you need to know about franchises

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If you’ve always dreamed of becoming your own boss, joining a franchise is a fantastic way to launch a business with plenty of security and support. However, unless you have previous experience running businesses, running a franchise will be unlike any role you’ve held before, and it’s vital you understand as much about the process as possible. Our guide will provide you with everything you need to know before you become a franchisee.

What is franchising?

A franchise is a method of distributing services or products which involves the franchisor, who establishes the brand and business model, and the franchisee, who buys into the franchise for the right to do business under the franchisor’s name and system.

Franchises to suit every investment

There is a vast range of franchises in every industry to suit every budding franchisee, with more putting opportunities on the market every day, which will make it easier for you to find the ideal franchise. When doing research to find the perfect franchise to suit your requirements, be sure to check out the fantastic range of opportunities over at Franchise Local.

Running A Franchise Requires Hard Work

Successful franchise businesses don’t spring up overnight; franchisors offer invaluable advice and help to get you up and running, but launching and maintaining your business will require hard work. You won’t be going at it alone, though, as you’ll be able to rely on the years of experience and support in business management from the franchisor every step of the way, no matter how long you’ve been running your franchise. Ultimately, the success of your franchise relies on your hard work and the time you put into the business as it would with any type of company. 

Funding to cover running costs

When you first start your franchise, you will need to ensure that you have the appropriate funding to cover the running costs until your business begins to make a profit. Once you begin making a profit, it is vital that you create an emergency fund to cover any unexpected costs that may arise as you would with any start-up business. 

Don’t forget the marketing fees

Most franchisees are already aware that they’ll need to pay a franchise fee as well as ongoing royalties after the initial set-up fee. However, many people interested in becoming a franchise are unaware that they will be required to pay a regular marketing fee. Typically, this fee is a percentage of your franchise’s gross sales, and it will be used to cover the franchisors nationwide marketing campaigns. 

As well as the marketing fee, you will need to pay for marketing in your local area to ensure that potential customers are engaging with your business. Paying for adverts is a great start to any local advertising campaign, but you could also introduce discounts, competitions, donate prizes to charity events, or sponsor a local sports team in order to get your franchise at the forefront of everyone’s mind. 

Inspect the franchise agreement

It is vital that you thoroughly inspect the franchise agreement before you sign it; this is to ensure you are aware of every clause that may be present. Since the pandemic, franchisees are more aware of the need to protect themselves in the event of other extraordinary circumstances affecting business. A clause called the force majeure changed the franchisee’s obligations in the event of these circumstances and can be invoked to stop paying fees for a certain amount of time in order to maintain the business in extenuating circumstances. 

5 ways IVA can help you beat your debt

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Beat your debt

Debt is one of the important things that shape the lives of people. There are several reasons why a debt plan can improve or lower a person’s life quality. For example, students find it way easier to pay their educational expenses with a debt plan.

But a problem with debt plans is that they can also become disastrous too. People might spend their entire lives paying off their debt payments. Therefore, you have to find out the right way of repaying your debt, so you can enjoy your financial freedom once again.

An IVA plan is one of the best ways of beating your debt. It allows you to enter an agreement with your debt provider. Many people consider a debt plan to be very helpful for repaying the debt. Keep reading this article as we are going to share with you the five benefits of an IVA plan!

1.      A payment you can afford

Many people have the problem of paying the debt installments because the amount keeps changing in some cases. But what if you could pay a fixed amount every single month to your debt provider? An IVA plan allows you to repay your debt in fixed installments; you can find out more about how it works in detail, but here is a basic overview.

The fixed payment plan of an IVA enables you to pay your monthly expenses. You can set aside the money you have to pay, so you have more freedom of enjoying your personal life.

2.      The end date is fixed

Most debt plans come with repayment cycles that are not fixed. You may take more time than you thought initially to free yourself from the debt, and therefore, you might get stuck in the loop of paying your money back.

But the good thing about an IVA plan is that you have to pay your money back over a fixed period. The normal duration of an IVA plan is about six years, and you can repay the money in a predetermined duration, so you can plan your life easily.

3.      Trustable legal agreement

One of the reasons why people are afraid of a debt plan is the fear of debt providers. Your debt provider might end up taking everything from you if you default on your debt. You have to secure yourself from the debt provider so they can’t take money from you forcefully.

The best thing about an IVA plan is that it helps you secure yourself from debt providers. When they enter a legal agreement with you, you don’t have to worry about your assets, and they will have to wait for a fixed period until you can repay your money.

4.      Everything is discreet

An IVA plan is a discreet plan that keeps your information safe from other people. You don’t have to worry about sharing your details with other financial institutions, and all you have to do is share your information online on the Insolvency Register. The IVA plan allows you to repay your debt without sharing your information with several other financial institutions.

5.      Best for directors of limited companies

Sometimes repaying the debt becomes a problem for the directors of limited companies. They have a hard time getting rid of the debt, and if they fail to repay their debt, they might be advised by the company to leave their position.

The good thing about an IVA plan is that it’s best for the Directors. They can repay all their debt amount without having to resign their post, and otherwise, they will have to leave their position as a director.

Newfangled bit of equipment tested on Norfolk farm

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Newfangled plough tested in Norfolk

By Ivor Traktor, Farming Correspondent (intern)

A newfangled piece of equipment called a plough is being tested on a Norfolk farm for the first time, it has been confirmed.

The strange-looking hi-tech tool (pictured above) is unlike anything seen in Norfolk before and is expected to revolutionise the county’s farming industry.

Some locals believe that once most farmers get their hands on the contraption, which can be pulled along by one or two horses, food production will be cheaper and more efficient.

Mr Bubba Spuckler, who farms turnips with his sister and their eight children near Downham Market, said: “When I first saw it I was very sceptical. We don’t trust all this new stuff around here. But this thing does seem to turn over the earth quite nicely.

“If I save up to buy one, I’ll have to get my sister to pull it around the field because I can not afford a horse as well.”

The fancy new equipment is being supplied exclusively to Norfolk by Suffolk machinery supplier Orsen Arness. Sales director Lorraine Fisher, 34, said: “Norfolk farmers were a little slow on the uptake. But now they have seen their cousins using the new ploughs, they all want one.”

The news comes just months after we revealed an archeological dig had proved metal tools were used in Norfolk as long ago as 1946.

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Choosing the best flooring for your rented property

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Property rentals can be a great way to earn a profitable income. However, when it comes to decorating them, there are a lot of factors you’ll need to consider. 

Choosing the right type of flooring, for example, is crucial for attracting the right tenants. Not only does good quality flooring increase demand for your property, but it also enables you to potentially let the place out at an increased cost.

The question is, which type of flooring is best for your rented property? We have teamed up with Stories Flooring from Leeds in the UK to bring you the best options. Below, you’ll discover the top things to consider when choosing a flooring solution.

Durability and affordability

Two of the main factors to consider when choosing the best flooring are durability and affordability. You need to make sure your investment will last a long time, which means finding a floor that’s sure to last.

That way, you know you’ll be getting the highest quality products, which in turn will last for many years to come. Some types of flooring are much more durable than others. In terms of affordability and durability, consider luxury vinyl tiles or laminate flooring

Where is the floor being installed?

An important factor to consider before investing in a floor for your rental property is where it will be installed. Different rooms require different flooring solutions. 

When choosing flooring for the lounge or bedroom, comfort and luxury should be your main focus. Wooden flooring tends to be the most common option for the lounge, whereas carpet would go well in the bedroom. For the hallway, stairs, and kitchen, you’re going to need a floor that’s both stylish and hard-wearing. These are higher traffic areas of the home, so they need to be able to withstand heavy foot traffic.

When choosing flooring for the bathroom, you need to consider the moisture the floor will be exposed to. Solid wood and most engineered wood options wouldn’t be suitable for bathroom installation. However, you can invest in solid wood effect luxury vinyl tiles or waterproof laminate to get the look without the risk of damage.  

Installation and maintenance

Another key point to think about is the installation and maintenance of the flooring. Ideally, you’ll want a floor you can install yourself to cut back on the costs. However, if you are installing solid wood, we do recommend getting a professional to fit it for you. 

Laminate floors, luxury vinyl and engineered wood flooring are easy to install. Many laminate floors and luxury vinyl tiles come with a click system which allows for fast and easy installation. Engineered wood floors on the other hand, feature a simplistic tongue and groove system.

Maintenance-wise, you’ll need something your tenants will be able to maintain themselves. Keep in mind that they aren’t going to necessarily take care of the floor the same way you would. Luxury vinyl is the easiest to maintain, although you can find some engineered floors and laminate flooring that boast easy maintenance. Look out for floors that contain a protective surface layer as these tend to be the easiest to keep clean.

Designs

The floors you choose for your property should appeal to prospective tenants. This means they’ll need to have a visually pleasing design. The good news is all types of flooring come in hundreds of different designs. 

Luxury vinyl tends to have the largest collection of designs on the market. You’ll find exquisite wood and stone effect floors, as well as luxurious parquet designs. However, if you want the most visually appealing flooring, engineered or solid wood is recommended. 

The key is to have flooring installed in the property that flows and complements existing décor. The more visually appealing the floors, the easier you’ll find it to attract tenants. Ideally, the entire property will feature luxurious touches, not just the flooring. If the property has a luxurious and modern design throughout, your tenants will be willing to pay a lot more to live there.

Don’t forget safety

You’re going to need to make sure that the floors you’re installing are safe for your tenants. This means, choosing a slip-resistant and hygienic flooring solution.

Harder floors such as stone and tiles should be avoided. Although they may look great, your tenants have an increased chance of suffering a serious injury if they slip or fall. In high-traffic areas, look out for floors that boast at least R10 slip resistance. Luxury vinyl and laminate tend to have the best slip resistance built-in. 

As you can see, there’s a lot to think about when you’re choosing flooring for a rental property. There are so many unique and beautiful floors to choose from, but not all of them will offer the same durability and easy maintenance as others. Follow the tips above to ensure you’re investing in the best flooring for your rental home. 

Greater Anglia trials new Swiss train

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Swiss train trialled by Greater Anglia

By Casey Jones, Railways Correspondent

Greater Anglia is secretly testing a new train from Switzerland, it has emerged.

The Swiss roll-ing stock is currently going through its paces on the Felixstowe branch line.

Train bosses are pleased with the performance so far, and say the train is running with incredible Swiss timing accuracy.

This could be a shock to beleaguered Greater Anglia passengers who haven’t seen a train arrive on time for years.

Greater Anglia

Trainspotter Roy Everett was standing by the line with his thermos and notebook when he spotted the unusual locomotive.

“I couldn’t believe it,” he said. “No other trainspotters in Britain have seen this before.”

Swiss train manufacturers Toblerone Rail is hoping Greater Anglia puts in an order because since two years ago, Toblerones have got shorter.

Company spokeswoman Lorraine Fisher, 34, said: “Our trains are built with famous Swiss precision. They cope with mountains and snow, so they’ll be fine in East Anglia.”

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Four Paul Nicholls-trained horses to watch in the upcoming National Hunt racing season

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Paul Nicholls is one of the leading trainers on the National Hunt racing circuit, and with the jumps season about to get back underway, with the November Meeting at Cheltenham seen the curtain-raiser, the 59-year-old will be keen to get his hands back on the British jump racing Champion Trainer trophy, an accolade he has won 11 times over the course of the last 15 years or so.

So, with just a matter of a couple of months to go until the 2021-22 season gets underway in Britain, read on as we take a look at four Nicholls-trained horses to watch across the course of the next exciting six months or so.

Frodon

Frodon enjoyed a rather successful season last year, winning three of his five outings. He started the campaign with a victory at Cheltenham, beating West Approach by a length and a half in a GBB Handicap Chase, and after finishing fourth in the Grade 2 Many Clouds Chase at Aintree, jockey Bryony Frost guided him to a surprise victory in the King George VI Chase on Boxing Day at Kempton, winning from a huge 20/1 on sites like Smarkets. It wasn’t to be in the Gold Cup, as he could fare no better than fifth, but the now nine-year-old rounded the season off nicely with a Grade 2 victory in the Oaksey Chase at Sandown. What route Nicholls chooses for Frodon this year will likely depend on his early-season form.

Clan Des Obeaux

It wasn’t the best of starts to the season for Clan Des Obeaux, as he finished second in the Lancashire Chase at Haydock and in the Denman Chase at Newbury, whilst a third-place finish in the King George VI was wedged in between. After bypassing Cheltenham, and Nicholls confirming it’s the last we’ll see of the nine-year-old at Prestbury Park, the Sir Alex Ferguson-owned horse had a fantastic end to the season, winning the Bowl Chase at Aintree in April before stunning two-time Gold Cup winner Al Boum Photo to the Punchestown Gold Cup in Ireland. Clan Des Obeaux is favourite for the King George VI, and with no Cheltenham on the cards, Nicholls will likely have his sights set on the Grand National Festival, where Clan Des Obeaux will be out to defend his Bowl crown.

Bravemansgame

Bravemansgame made a great start to his first full season as a novice, winning a GBB Novices’ Hurdle at Exeter after coming second at Chepstow, and he kicked on from there, landing back-to-back victories at Newbury, including in the Grade 1 Challow Novices’ Hurdle, where he beat Star Gate by a huge 10 lengths as he showed his star qualities. However, the six-year-old couldn’t step up to the mark on centre stage, finishing third in the Baring Bingham Novices’ Hurdle at Cheltenham before coming second to Ahoy Senor in the Sefton Novices’ Hurdle at Aintree. Bravemansgame’s odds of winning the Festival Novices Chase are currently sitting at around 11/1, but he will face stiff competition from the likes of Willie Mullins’ Galopin Des Champs and Dan Skelton’s My Drogo

Paso Doble

One of the most exciting horses coming out of Nicholls’ yard, Paso Doble has the potential to have a fantastic season this year. Under the guidance of Jim Bolger, the youngster won two races, including the Roscommon Racecourse Handicap from a massive 40/1, before being bought by Graeme Brooks for €125,000 and being moved to Nicholls’ stable. Paso Doble came third in his debut for the English trainer, a Grade 2 Juvenile Hurdle, but won next time out in a GBB Novices’ Hurdle at Kempton. If Harry Cobden or Frost, both of which have taken a ride each since Nicholls became the horse’s trainer, can get off to a good start to the season in Paso Doble’s saddle, then we could see him feature in the Triumph Hurdle at Cheltenham, which Nicholls hinted at entering him in last season.

How can Wolves end their goal drought?

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We are now three games into the Bruno Lage era at Wolverhampton Wanderers and the Midlands outfit are still yet to find the back of the net. Despite some encouraging performances, Wolves find themselves rooted to 18th in the table, perilously swinging in the relegation zone — but still at a very early stage in the season.

The opening day was full of chances away to Leicester City at the King Power Stadium, but each one was squandered. They then faced former manager Nuno Espírito Santo’s Tottenham Hotspur at Molineux and came up short, before a late strike from Manchester United’s Mason Greenwood confirmed they would lose all three of their opening games 1-0. Although Lage’s style of play is slowly being implemented, the Premier League is simply too ruthless to afford teams time to adjust and if they don’t pick up the pace soon, they will be swept aside and left in a relegation dogfight.

Injuries have massively plagued Wolves over the last twelve months. After losing star striker Raúl Jiménez with a fractured skull, a player who has scored a respectable 34 Premier League goals since his arrival from Benfica was made permanent following a successful loan, other players have been left to pick up the pieces and they simply haven’t been able to match the Mexican’s productivity. 

Patrick Cutrone was recalled from his loan in Italy last season but has gone back to his homeland over the summer, now plying his trade for Empoli, whilst Fabio Silva has undeniable talent, but it is still raw and unearthed, lacking the devastation and reliability needed to be a top forward for the time being. This has once again led to Jiménez being the main source of goals.

While Lage has had opportunities to strengthen over the summer, bringing in Francisco Trincão on loan from Barcelona as his main signing, you feel there are attacking gaps in the side that need to be plugged urgently. Their midfield is getting older, with João Moutinho turning 35 and while their starting line up is an established Premier League outfit, you wonder how much longer they can stick together before they are picked apart by injuries and departures. Regardless, Lage has this side until January and before then has big games coming up in which to end their perilous run in-front of goal.

Wolves face newly promoted sides Watford and Brentford back-to-back, fixtures which they come in as favourites on the Bet exchange to win. However, the latter are unbeaten under Thomas Frank and will prove tough opposition. Lage can feel hard done by with the decisions that have gone against him in recent weeks, but in these next two games, they have to punish the new boys when they are dominating proceedings. They didn’t against United and were duly punished, to the frustration of Lage, who said: “VAR is there to help the referees. The referee did not see the foul. The VAR did not see the foul. For me, I just saw the leg of the player.

“If someone told me that the best way is to defend and put 10 men behind the ball every time and we would win games, for sure I would go with that idea. But I think this idea is better. The way we play, the way we create chances, I am sure the goals will come.”

Golfing Giants: the world’s best golfers

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Golf has become one of the most popular sports on the planet during the last century, which is why you can bet around the world that there are fans who adore the sport. As a result, golfers have become well-known worldwide, and the sport has also brought them financial rewards due to the large prize pools compared to other sports. These pioneers paved the way for today’s emerging stars, and today’s golfers owe a debt of gratitude to them.

In this blog, we’ve listed the top golfers globally, regardless of gender or primary circuit, just like boxing’s pound-for-pound rankings. We used performance, major championship achievements, and all-around talent to generate the rating.

How does Sam Snead stack up against Tiger Woods? Rory McIlroy to Ben Hogan? To whom do you compare Jack and Arnold? It’s a difficult task until you do the math. How many major championships, pro tour triumphs, and world championship victories do players have? These are some of the factors we have addressed, but we have put this list together based on raw skill when it comes down to it. So, without further ado, here we have some of the best golfers on the planet.

Jack Nicklaus

Palmer, Player, Watson, and Trevino were all excellent players, but Nicklaus brought out their best. But, more importantly, his physical skill and power, mental tenacity, consistent level of greatness, and ingenuity in terms of destroying golf courses around the world has made golf a better game.

You’re well aware of the list of achievements. More than Hogan and Palmer combined, he has won 18 major titles. There are a whopping 37 top twos in majors. Nicklaus faced and defeated many of the game’s finest players during their peak. When he couldn’t beat them, he enticed them to give it their all. To underscore his argument, Nicklaus, at the age of 46, was able to summon enough of his old-school magic to defeat names like Ballesteros, Kite, and Norman — all of whom were at the prime of their powers — to win his sixth Masters in 1986, in one of the greatest sporting moments of all time.

Patty Berg

After winning 29 amateur titles, including three women’s majors, Patty Berg turned professional in 1940. She served in the Marines as a lieutenant from 1942 through 1945, winning two more major titles in the process. She added another major in 1946, and with the war over, she turned her attention to golf. Her 15 major championships were completed in 1958, but her last triumph came in 1962. Berg was president of the organisation that came before the LPGA, which was created in 1950. She won 60 women’s competitions and 63 overall between 1937 and 1962.

Sam Snead

If winning is the yardstick by which perfection is measured, Sam Snead is the greatest player in golf history. Slammin’ Sammy won more golf tournaments than any other golfer, with a smooth, syrupy swing that appeared as natural and fluid as breathing – a stunning total of 82 PGA Tour wins and anywhere between 135 and 165 triumphs worldwide, depending on who you ask. Moreover, he won in four different decades, from the 1936 West Virginia Closed Pro until the 1965 Greater Greensboro Open (his ninth victory in that event) when he was 52 years old.

Snead won three Masters tournaments, including a playoff victory over friend and nemesis Ben Hogan in 1954. He won the PGA Championship three times and the British Open once. However, Snead never managed to win the one event that seemed to be his by inheritance. He never won a major championship in the United States. His near-tragic failures at the Open, though, do not detract from his achievements.

His golf swing was so effective that it lasted far into his senior years and is still considered the gold standard for golf swings. He gave golf fans one last glimpse of his magnificence in 1979 when he became the first player to shoot a 67 and a 66 in the Quad Cities Open at the age of 67. Snead was a beloved ambassador and advocate for the game by then and for the remainder of his life.

Louise Suggs

Louise Suggs won 11 women’s majors which led to her becoming one of the LPGA’s pioneers. In a 54-hole match on a 9-hole executive course in Palm Beach, Suggs defeated Sam Snead. Snead came in third and never forgot it, according to Suggs. During a competition in Chicago, Suggs also beat Ben Hogan by a stroke over nine holes. At the time, she was just having fun with him. Suggs has won 58 LPGA events and 60 overall titles. As an amateur, she won the Women’s Western Open, a major at the time.

Arnold Palmer

There have been better players with more attractive swings in the past. But no golfer has ever been more influential than Arnold Palmer, the King. He increased prize money, took golf out of country clubs and into our living rooms, and amassed a legion of loyal fans. Moreover, he had more flare than any other athlete when it came to winning — and losing. Palmer ruled from 1958 through 1968 among the azaleas and pines of Augusta National, where Arnie’s Army initially gathered. Except for 1963, he competed in every Masters tournament throughout that period, winning four times, coming second twice, third once, and fourth twice.