How do I choose the right franchise for me?The key is to set your criteria before you start looking at specific franchise opportunities. You and your spouse/family should decide on key issues such as:1. How much capital ...
If you are serious about building a substantial business you should benchmark your progress against global industry peers not just your local competition.You will soon find that the world offers the opportunity to build ...
Franchising in Australia is in a very favourable position in comparison with independent businesses.The vast majority of new business start-ups use personal savings and loans from friends and family to finance a new business.Generally ...
The first step is to look in the mirror and have a reality check. Ask the question, “Is it just me or do many of the franchisees have similar issues?”A fully independent business person has only himself to blame, but in ...
Often this is a question of your tolerance for risk, confidence in yourself and the franchise system, and of course, price. In an ideal world all new franchises would cost less than existing franchises and all franchise ...
Look beyond the brand and the advertising and marketing material to the substance of the success or otherwise of existing franchisees. The best way to do this is to meet a good cross-section of franchisees and ask them a ...
Cash Flow and ProfitabilityThe first point to clarify is the business must be in operation. To contemplate developing a franchise system for what is nothing more than a well developed idea is not a sensible decision. A proven ...
There is no single statistic, timing or set of circumstances that will enable anyone to give a concise answer to this question. It depends on a number of key factors but asking yourself some of these questions is a starting ...
This is a question many business owners have contemplated and for many the decision has been the key to building a successful business. Do you have any idea of what is involved? Could it be possible given the size of your ...
The concept of skin in the game or variable pay structures within retail stores is an area that is experiencing a renewed focus in response to the near full employment status of the Australian market and the increasing pressure ...
The quality of the development of the business, franchise system and legal documentation is very dependent on the quality of the advice. The research and due diligence the franchisor completes at the outset is extremely ...
