Franchising is a winning formula for budding entrepreneurs looking to gain a first foothold in setting up their own business.
The latest research by Bibby Financial Services has revealed that over a quarter (26 per cent) of franchisees claim to have no cash flow problems whatsoever.
Of those franchisees that do occasionally need additional funding to improve their cash flow situation, just 5 per cent use factoring or invoice discounting to fund their business, whilst 9 per cent of franchisees are currently relying on a bank overdraft or loan to assist their cash flow.
