Orna Stokes of Ulster Bank
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Franchise Direct's Lillie Burroughs speaks to Orna Stokes of Ulster Bank.
Orna speaks about what she looks for in a franchise when new franchisees apply for financing to start a business through a franchise opportunity. Orna believes that franchisees should look for a franchise that can provide them with support, proof of profitability, proof of replication.
Orna provides some guidelines on what to look for in a good franchisor who will be able to provide its franchisees with a viable business model and the necessary support and guidance to help its franchisees operate their business to the best of their ability.
Orna also gives detailed information on the operation of a pilot franchise prior to the official roll out of a franchise opportunity.
Ulster Bank fund the start up of franchise businesses, and gives some detail on the key aspects needed to secure funding for the start up of franchise business.
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