Franchising Advice
Learn more about making the choice to become a Franchisee, by reading the following articles.
Expert
Franchising Code
The Franchising Code of Conduct is a mandatory industry code of conduct that has the force of law under the Competition and Consumer Act 2010 (the Act).
Purpose
The code aims to regulate the conduct of participants in franchising towards each other and to ensure that they are sufficiently informed a... | | Read More ... |
FRANCHISEE DUE DILIGENCE
WHO AND WHAT TO ASK BEFORE SIGNING
INTRODUCTION
Buying any business including a franchised business is an important step. The wrong decision can affect your bank balance, your health and your marriage/relationships.
It is not something to be rushed. At Bywaters Timms we have advise... | | Read More ... |
1) Franchises have a higher likelihood of success than other business models-
Some studies show that franchises have a success rate of approximately 90% as compared to only about 15% for businesses that are started from the ground up. The exact accuracy of these statistics are constantly argued by those in the industry, however, it is only ... | | Read More ... |
There may be a potential franchisee recruitment market franchisors are overlooking, according to Asia-Pacific Centre for Franchising Excellence Researcher Dr Stephen Bennett.
“Instead of only considering single unit suitability in the initial franchisee recruitment process, franchisors should consider suitability for multiple unit ... | | Read More ... |
So the bank has politely declined your request to finance your franchise purchase- but they’ll keep your mortgage for the moment off course!
Before you abandon your dream of owning a franchise, it may be time to consider the other funding alternative – angel investors. To be clear, this involves exchanging a degre... | | Read More ... |
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