Blog

On our Business Franchise Blog, we share a wealth of content from knowledgeable writers around the world. Here you'll find both news and advice covering everything in franchising and business. Whether you're just getting started, expanding your business, or just want to stay up to date, the Business Franchise Blog has got you covered. Find more specific content by also visiting our Expert Advice and Latest News pages.

Findings of the Financial Services Inquiry

October 20, 2015
Banking In 2015 all of the major banks have announced some form of capital raising in an effort to bolster capital ratios in response to APRA increasing risk weights on mortgage loans. The aim is to boost the bank’s financial strength. While this may reduce solvency risk, there is a price. Evan Tsipas, principal, RSM Bird Cameron, said, “The cost of making the financial system resilient is...

How to tell if your business is sustainable

September 29, 2015
By Andrew Beck, turnaround and insolvency partner, RSM Bird Cameron The unstable economy and change of leadership means government policies are likely to be reviewed. For many businesses, a change in policy could mean the difference between continuing to operate and becoming unviable according to RSM Bird Cameron. Andrew Beck, turnaround and insolvency partner, RSM Bird Cameron, said, “Business...

Harrison hits the road

September 24, 2015
Harrison Kaissis never likes to stay in the one place for too long. The Maroubra local initially used hospitality to supplement his work within the health industry before eventually taking a full time job managing a café near his home. In 2013, he made a career move in more ways than one after investing in a Cafe2U mobile coffee franchise. He now spends his days driving around Waterloo, serving...

Could your franchise business survive a data crisis?

September 1, 2015
By Dale Rockell, State Manager NSW, Compu-Stor Business interruption can take many forms and can happen to any business irrespective of size or business model set up. The effects would largely be the same, potentially damaging your franchise, business reputation, respect to customers and suppliers, and even threatening the survival of your business. Most modern businesses back up computer...

How to work with a coach: 3 Tips

August 24, 2015
By Peter Knight & Kate Groom Business coaching has become a hot topic over the last few years, and for a very good reason: coaching can really improve the performance of your business! An independent business coach can be really helpful even in a franchise – especially if you want to be a top performer. Those at the top in business, sport, or even politics have coaches to help them get the...

A duty of care checklist for companies sending employees overseas

August 17, 2015
Business travel is unavoidable, and it introduces the possibility that an employee may face certain risks. These risks range from illnesses to natural disasters, and even civil unrest. They can be detrimental to employees and companies alike. However, these risks can be managed if companies adhere to a duty of care checklist. Matt Goss, managing director ANZ, Concur, said, “Mistakes when...

Two mums, two stores, 25 staff and Clinic of the Year. How do they do it?

July 30, 2015
Victorian mums Nichola Kempenaar and Amalia Georgoulos, are not your average business owners. Having previously worked as a brand manager in the beauty industry for 16 years, Nichola met Amalia, a pharmacist by trade, for the first time when taking their children to school. Knowing the stay at home mum life was not for them, they decided it was time for a change. “Other school mums were...

The Man With the Vans

July 15, 2015
South Australia’s John Prasad has just purchased his third Cafe2U van, and says he will expand again!  Six years ago, an opportunity arose for South Australian John Prasad to start his own business. John conducted extensive research before making the big decision to become a small business owner. When weighing up the benefits between running an independent coffee van and opting to go with...

Five tips for SMBs as they step into the new financial year

July 10, 2015
The new financial year gives small- and medium-sized businesses (SMBs) the chance to review their performance and identify areas for improvement. Peter Nicol, director, RSM Bird Cameron, said, “There are some things SMBs should keep in mind to ensure their success in the new financial year, such as retaining reliable cash flow oversight and implementing sound financial processes.” RSM Bird...

REMAINING RELEVANT IN WINTER

July 9, 2015
How does Baskin-Robbins attract guests when winter strikes and consumers’ buying behaviour changes, craving warm and indulgent products? The aim is to make the ice cream category less of a seasonal business explains Baskin-Robbins General Manager David Jordan. Since our first Australian store opened in 1989, our aim remains the same – to keep guests enjoying our premium ice cream all year round...

Four tips for new financial year

July 6, 2015
Retaining customers, remaining financially solvent, and expanding and diversifying are key challenges for small businesses. The new financial year presents an opportunity to reconsider business practices and plan for success. Concur advises small businesses of four tips for a successful new financial year: 1. Put customers first to improve retention Businesses can readily access technology...

What’s new this financial year?

June 19, 2015
With a number of new resources and tax laws introduced in the past year for small and medium enterprises (SMEs), finance expert Justine Davies has partnered with Officeworks to help SMEs take the stress out of tax time and identify opportunities to minimise your business tax bill. Federal Budget Small Business Initiatives The government is keen to boost small business investment and growth,...

Cafe2U Franchisee Michelle Lacey supports Rockhampton after destructive cyclone Marcia

June 18, 2015
In the aftermath of tropical cyclone Marcia, which caused devastating effects on the city of Rockhampton, locals had their hearts and hands warmed by hot beverages supplied by local Cafe2U franchisee Michelle Lacey. “A lot of the town was without power or running water for six days, the roads were so quiet during this time, I thought the least I could was be out there servicing hot drinks to...

Why struggling businesses should close on their own terms

June 10, 2015
The owners of struggling businesses should take control of the decision to close the business rather than wait until they are forced into it, according to RSM Bird Cameron.   Andrew Beck, national head of turnaround and insolvency, RSM Bird Cameron said, “While the mantra for many business owners is to never give up, sometimes it can be smarter to quit now rather than hold on. By making the...

ATO commences assault

June 3, 2015
In June 2013 the Australian Taxation Office (ATO) published its approach to taking firmer action in circumstances where taxpayers had not worked with it to meet their payment obligations. However, it seems the action has been trailing the policy until now. Over the last six weeks, the ATO has significantly ramped up applications for winding up, which is a strong indicator of the Government’s...

Son of Luxaflex® Dealer makes his mark on father's business before his thirtieth birthday

May 15, 2015
Patrick Cummings is one of the next generation of Luxaflex dealers, with both him and his brother joining an elite group of licensees in their twenties and early thirties. Patrick became involved in the window furnishings industry when he and his brother took up the reins of the family business, Shades in Hawthorn. After watching his father run the business for many years, Patrick began to get...

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