Want to grow your business? Why bother doing all the hard work yourself when you can get others to build an empire for you - and pay you for the privilege? But is becoming a franchisor the fast and cheap path to riches? Er, probably not. Andy Jowett takes a look.
David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.