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JNF
Why franchise? Do you feel the way to success is starting your own business? Are you ready for the challenge and personal satisfaction that building your own business can bring? The financial and tax rewards certainly make the offer interesting, as does the feeling of being your own boss, taking time off when you please, and knowing that all your hard work is being appreciated … by You. The risks, legislation’s and controlling the company’s finances can add up to become quite a daunting prospect and the thought of failure can make you hesitate. This is why buying a franchise offers a solution. Buying a franchise is a great way of starting a business, reaping the benefits and overcoming the obstacles. With a franchise you gain a licence to run a successfully proven business system under a well-established trade name, with back up from the Franchisors. Not only do you have the advantage of the Franchisors advice, but also of belonging to a growing group of successful franchisees who are all working to develop the business. Starting your own business begins with research. Begin here; find out more about JNF. It could be the most important study you ever conduct! top JNF past, present and future top The people behind JNF employment As with Abacus Care, JNF is based in Ormskirk and is directed by Jill and Nigel Fielding. Jill Fielding As well as being a nurse, Jill has extensive experience in setting up businesses and making a success of them. At the same time that Abacus Care Homecare and Nursing Services was conceived, Abacus Care Consultancy Services was also brought in to being. This business deals with the setting up of nursing and residential homes, providing full training, gaining licences for the homes, recruiting staff and on-going support. Both businesses gained Quality Standards, and Jill was the only woman in the country to have gained BS 5750 in two businesses simultaneously, both with the Chairman’s Commendations. Nigel Fielding Nigel’s background is in education. He has gained many years of management experience, both through education and the business world. Nigel has been the Chairman of the Liverpool and West Cheshire Region of the Federation of Small Businesses, which makes sure that businesses are kept up to date with all the new government legislation’s. Nigel has gained computer and systems expertise, ranging from computer networks, pay-roll, accounting and data transfer – all vital skills to run a network of businesses. This experience enables him to help franchises run as effectively and smoothly as possible. Jill & Nigel are supported by staff at their headquarters who deal with accounts, marketing, payroll and administration. Many of the staff are promoted from within the business and have a detailed knowledge of the company. top Why JNF? Full Management Training and Support Ongoing individual support and assistance from the Franchisors and those who work within their business. Low Franchise Fees and Start Up Costs The franchise fee is solely there to cover our costs of setting up a franchise for you. We are interested in you developing into a large business. The Management Service Fee is significantly reduced for the first years to improve your profit margins and to help you avoid borrowing large amounts of money. If you are successful in the long term, then so are we. In addition to this there is the advantage of starting from home, keeping overheads down. Continual Business Development The business system and computer software is continually developed and updated to keep you one step ahead of the competition, which is unique in this area. Full Training Programme Your training will cover all aspects of running a JNF Franchise, from recruitment and placement, through to invoicing and wages. Also, because the Franchisors run their own business you get the benefit of learning from their experience which cuts down on time spent making mistakes. Working towards and in accordance with quality systems Working Procedures follow the systems of BS EN ISO 9002 & Investors In People quality systems, which JNF’s parent company have already achieved, and continue to achieve on a regular basis. You will be required to attain BS in your own right in the first two years of the franchise. This will give you and the whole national organisation the credibility of quality in the market place. Because you will be running a BS system from the start, it will not be nearly as difficult, with the Franchisors help, to attain it yourself. A Broad Business With ever changing markets, JNF has the ability to adapt quickly. The business can be as big as you want it to be. The potential is there. You will become a vital component of a National Franchise Network, but will be able to take advantage of regional differences and individual talent and experience. Combining Forces to Your Benefit Your knowledge from varying industries can be used in a JNF Franchise and utilised to make you and the group more successful. Problems Already Solved We have already solved most of the problems that you are likely to encounter. We have also proved our competence by virtue of our success. Proven Track Record We have shown that we can help franchisees to develop large, successful and profitable businesses throughout the country. This is because we know how the business is best started up and developed. Developing a small business to a large one is very difficult and is not achieved by most businesses nationally. We can show you how it is done, with ongoing training and development. top Why you? – What can you expect from JNF? You will receive help with the initial Business Planning. The initial set-up of the computer will also be provided, along with a simplified handbook to give you a practical overview of the business with detailed step-by-step instructions on practical matters like tax and computer operation. The initial stationary starter pack will be provided with copies of authorised adverts, letterheads, compliment slips and business cards. You will be given training on allocations, payroll, accounts, VAT, marketing, computers and the BS Manual. Due to the fact that training will be given on all aspects of running a JNF Franchise, you will not need industry specific experience to become successful in this business. All the training you will ever need to run this franchise will be provided to you, right from the start of the franchise, and bi-annually in the form of a Franchise Convention, and group training. Developments will range from the software packages and procedures, providing you with upgrades of both once they have been tested at our flagship business in Ormskirk. We will pay for the installation of a telephone business line. Your computer will be connected to a modem, which again we provide for you. This will not only provide a connection to the internet but allows us to provide quick, effective support. This facility is one that you control the access to. A computer programmer will also be to hand if any major problems occur. With the advantage of having tried and tested methods and software, you will not only have an enormous advantage over starting a business from scratch, but it will also put you significantly ahead of the field in this rapidly developing market! top Why you? – What JNF you expect from you? You will be someone who is committed to providing high quality service from an efficient and well-run business, and believe you have something to prove. Once you have built your successful empire and you feel its time to retire you can pass the business on to your children or sell the business and let someone else continue its success! The choice is yours. Fast Track It is not necessary to start from an office and most franchisees start from home. Where the prospective franchisee has business experience and capital, they can progress to operate from a shop/office straight away. In these circumstances the package is different.
2. We will provide a programme to set up the premises with preferred fitters (software and hardware solutions). 3. We will not provide equipment and the franchisee fee will provide for more support including selection and hiring of staff. 4. We will amend cash flows to reflect this type of start up and help the franchisee to organise local PR and a larger scale-marketing programme for the opening. Summery of what we provide Equipment
Quality standards JNF have achieved the Quality Standard BS EN ISO 9002, already held by the parent company. Abacus Care first gained BS 5750 in 1993, and were annually awarded this standard until 1994, when it was upgraded to the European and International equivalent. The BS Manual is already in operation, and was written with the help of the accrediting company to make sure that it complies with the standard. BS EN ISO is a Quality Assurance system which is recognised throughout the world. It is an award that shows an external body has examined the company’s methods and procedures and found them to be of the highest standard. It is only annually awarded subject to an inspection. Also incorporated into this BS Manual will be procedures laid out for Investors In People, another award the parent company has, and one that JNF will achieve involving staff training and development. A condition of the Franchise is that the Franchisee gains BS in their own right. You will receive help from the Directors, General Manager and our Auditing Supervisor to achieve the goals. Once you have these prestigious awards, it will testify that your business is independently and externally audited for quality each year, protecting all those within the company. Since we already have experience of this with Abacus Care obtaining this award is not as difficult for you if you follow our guidance. top Costing and financing The Franchise will normally cost only £15,000+ VAT. This pays for the time of the Franchisors to give you the help and advice that will make you successful. This initial fee is low compared with many franchises. The management service fee is based on the gross turnover of your business. This will be reduced in the first year so that you can build up capital to finance further development of your business instead of borrowing the money. The management service fee is 2% + VAT on gross turnover for the first £200,000 (or the first year, whichever is sooner). The second year is 4% + VAT, and the third year and thereafter is 6% +VAT at the appropriate rate. The franchise will be for a five-year period with an automatic right to renew subject to the agreement conditions, without further cost. We can help you to produce a full business plan and come with you to answer questions. We can refer your chosen bank to banks that we deal with so that the managers can discuss the business. We feel that is unlikely that many potential franchisees will get very far with their bank and business plans without our help. This business can be run from your own home, so that you can avoid the need to pay out for offices when you start. This allows you to keep your overheads down whilst generating a healthy cash flow. The test of whether you are running a professional organisation is the quality of the service you provide, not where you trade from. The Ormskirk business was run from home at first. We will expect you to move into business premises from the second year onwards depending on the development of your business. Once established, usually in the second year, you will need assistance in identifying and leasing appropriate offices to work from. The start-up costs are low compared with most other franchises, and we encourage you to keep overheads low. There is no need to take unnecessary risks with this business. We would recommend that one of the partners continues to work in their ordinary job, working part time in the business, whilst the other develops the business. The advantage of this is that you can use profits to finance cash flow and develop the business more rapidly. We would recommend that if you want to borrow money, you do not approach the bank without our help, although many of the main banks have been briefed on the business. There will be the requirement of money or credit (a flexible overdraft) to cover cash flow for the business, this is the time lag between receiving money from invoices and paying staff. We can explain to you different ways that this can be managed. This is a requirement for all business’s and the costs amount to less with JNF than when you have to carry stock as in a shop. If you continue this opportunity we will provide detailed information to help you to plan the start and progress of your business effectively. Use of a flexible overdraft facility can make the loan of money to cover cash flow, unnecessary. We estimate that this figure is £6,000 to £10,000, but this depends on the rate of growth and good credit control. With this business, you will be in full control of all the money, both coming in and going out in payments. If you do not have full control of the money, you do not have control of the business. We will provide the system so that you can monitor what is happening. top Conclusions If you take this opportunity you can run your own business with our help. The business is designed to be flexible. Whilst we will give you the best advice and help we can, we do not intend to restrict the development of your business. It may well be that the opportunities in your area, or your contacts and personal circumstances, cause your business to develop differently than ours. We will be able to tell you what the likely business consequences of your actions will be before you make the decisions. If you develop an idea that will benefit the whole group, there is already a system in place to update the BS manual. The business is designed to be flexible enough to follow changes in the market trend, because we are interested in the long-term development of your business. That is why the business is broadly based allowing you to take advantage of different markets/clients etc, as well as any previous experience you have personally. You will be able to gain BS EN ISO 9002 in your own right, which will give you personal credibility. As outlined in Costing and Financing, there are fewer risks financially and less money going on overheads, which all totals up to more profit for you. We have developed a system which will help to remove some of the typical problems that can often cause business startup headaches. You will be able to get advice from people who have done it before and are experienced in advising you in this situation. top  Key Info | | ||||||||||
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