Our recommendations will be built around your personality, skills and desires. Finding another job may not be the best direction for some people, especially those who are more entrepreneurially-minded and who might wish to explore more independent income streams.

There are many in today's market and Panorama can provide some insight to the market, for instance franchising or network marketing.

What is Franchising

The most common form of franchising is Business Format Franchise when the owner of a business (the franchisor) grants a license to another person or business (the franchisee) to use their business idea, often in a specific geographical location.

The franchisee sells the franchisor's product or services, trades under the franchisor's trade mark or trade name, and benefits from the franchisor's help and support.

In return, the franchisee usually pays an initial fee to the franchisor and then a percentage of the sales revenue.

The franchisee owns the outlet they run. But the franchisor keeps control over how products are marketed and sold and how their business idea is used.

Well-known businesses that offer franchises of this kind include Prontaprint, Dyno-Rod and McDonald's.

What is Network Marketing

Network marketing is where self-employed distributors sell goods on a manufacturer's behalf. You get commission on sales that you make and also on sales made by distributors whom you recruit.

This should not be confused with pyramid selling schemes which are illegal.

The most established network marketing companies in the UK are members of the Direct Selling Association (DSA) which is the professional body responsible for upholding the highest standard of best practice by its Member Companies through Codes of Practice. This includes adherence to the Trading Schemes Guide from the Department of Business, Innovation and Skills.

Panorama Consulting offers an introduction to a network marketing opportunity with one of the most established and successful companies in Health & Nutrition, Forever Living. Health & Nutrition continues to grow and an overview of this specific opportunity can be viewed on www.creatingyourfuture.co.uk

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