Well defined support should be the foundation of any franchise business model. While it is all too easy to say that a few simple steps ensure finance success, like any situation the circumstances are always unique to the individual.
The beginning of January is a great time to get thinking about what you want to achieve in the year ahead. Are you looking for a change in lifestyle? Do you want to spend more time with your family without sacrificing financial security?
Ingrid Alexander and her husband Stewart from Bedshed Morley and Malaga are an example of a family which has successfully managed succession in franchising.
Bedshed is forging ahead in a tough retail climate. Franchising spoke to Gavin Culmsee, chief operating officer, to find out why. The company started out selling water beds then evolved