Nigel Thurlow, national franchise manager at Royal Bank of Scotland, says franchising lets people make the most of their business nous with security of a basic proven business concept. But, he adds, there are some key financial points which should be considered.

He says: “It is essential to be properly funded . This bank will consider existing commitments as well as those for the new business, so be ready for frank discussion. Establish a positive business relationship with a bank early on. RBoS makes this possible through its nationwide network of franchise business managers and development managers.”