Franchising Advice
Learn more about making the choice to become a Franchisee, by reading the following articles.
Expert
Dick Smith left school at the age of 15 and got a job in a factory. He soon realised that the only way he was going to do well was to own his own business. One day the company he was working for (West Way Electronics), which made two-way radios, decided it was no longer going to service Manly Cabs.
At that stage Dick, 24 years ... | | Read More ... |
The words “buy” and “sell” are often used in relation to the acquisition and transfer of franchise businesses, but what do franchisees actually buy?
The overwhelming majority of people who are attracted to franchising are first-timers in business who are drawn by the branding, support and infrastructure provided by... | | Read More ... |
A recent survey by the Westpac-Melbourne Institute released mid last month revealed a rise of 8.1% in the Consumer Sentiment Index taking it to 96.9 after it had fallen to some of the lowest levels in almost 2 decades.
Australia's $292 billion retail sector has welcomed this rise with hopes for a more prosperous end-of-year period to ... | | Read More ... |
One area of uncertainty with prospective franchisees is how long their franchise agreement will operate. Sometimes this is quite straightforward, but not always. As franchisees often ask us this question, we will summarise the key issues.
Where do you look?
The starting point is always the franchise agreement. It sets out the pa... | | Read More ... |
By Brad Callaughan
The majority of small businesses, Franchises, or investors will deal with this at some point. A business plan can mean the difference between a good business or a great business. Business planning is an ongoing business activity - you should regularly review and revise your business plan.
I like to look at a...
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