If you’re contemplating a move into business ownership, the endless options and knowing where to start can often appear daunting at first. Starting a new business brings with it a lot of unknowns, so before you start on your franchise journey, it’s wise to do your research and this website is a great start.
There are more than 1,100 franchise systems across Australia, contributing a staggering $144 billion to the Australian business economy. With 79,000 individual franchise owners, employing over 460,000 people across Australia, the franchise world is certainly big business.
So, how do you become part of this exciting industry and what do you need to know before you buy a franchise system?
You need to choose the right franchise. Remember that once you have entered into the franchise agreement, you will be required to live and breathe the business for it to succeed! A great place to start your franchise journey is by using the Business Franchise Search Directory. This gives you a comprehensive list, by industry type, state or country, of the current franchises available in Australia and New Zealand.
Franchising has many advantages over independent business ownership and is a valid option for the budding entrepreneur and in recent times, offers many more business opportunities than just fast food and mobile services. Although dominated by retail franchises, with over 27 per cent of all franchise businesses working within this sector, there’s an array of different franchise businesses out there. Thereis a franchise system that’s your perfect fit, from food and coffee, pool and spa through to business service franchises plus everything in between -the list is constantly evolving as new market entrants and models emerge.
The Business Franchise website is a great source of information, with expert advice articles written by specialists within the franchising community, including successful past and present franchisors, specialist lawyers, business advisors, accredited bankers, accountants plus many more. The website is designed to assist you, the new and potential franchisee, as you proceed on your way to becoming a member of a very special community of business owners.