Franchising Advice
Learn more about making the choice to become a Franchisee, by reading the following articles.
Expert
It is a big question to ask, and the answer does not come easily. “What do Franchisor’s want?” The best way to answer this question is to separate two key features of what a franchisor wants - what they want out of business and what they want out of a franchisee. Although the results from each may be considered independent; ... | Read More ... |
One of the many questions that I am asked is whether or not someone should borrow more money and buy into a more expensive franchise system or just to buy a franchise with their existing cash reserves? This is the million dollar question! It really comes down to a few key areas and it may not always be that the more money you invest the highe... | Read More ... |
Why do people franchise? Think back to the last purchase you made Did you evaluate every possible alternative and rate them according to the pros and cons Or did you just go with the brand you know?
In Australia franchising employs over 650 000 people and contributes over $150 billion in revenue to the Australian economy!! ... | Read More ... |
The importance of market research is often overlooked and underestimated by entrepreneurs when starting a business. Some think just because they are starting their first venture often fairly small to begin with, taking action and getting started is far greater than doing market research.
Some of the main reasons for this are due to a lack o... | Read More ... |
Our recent research into the condition and currency of operations manuals showed no surprises. There were a number of large and established Franchisors who admitted that they had not reviewed their manual for a number of years some had not been reviewed since it's inception!!!.
Questions that need to be asked of your documentation
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