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.

How small businesses can increase business efficiency

November 14, 2017
How small businesses can increase business efficiency The owners of small- to medium-sized businesses (SMBs) are aware of the need to do more with less, and most have found ways to operate more efficiently with lower costs. However, SMB owners often don’t have the expertise, time, or money to invest in discovering all the potential additional efficiencies they could achieve. With so many...

The Foundation of Franchising: A Beginner’s Guide for Starting a Franchise Business

November 10, 2017
Planning to start a franchise business? There is already a variety of franchises available out there and along with the growing number are the opportunities for a profitable investment. However, you cannot have a successful venture without getting a full grasp of what franchising is, as well as the aspects it involves. To help you, we’ve sourced the web to provide a comprehensive guide on...

How to choose the right partnership model to grow both businesses

November 9, 2017
How to choose the right partnership model to grow both businesses For many businesses, entering into a partnership is an attractive way to grow the business and increase its reach beyond what would have been possible alone. For business partnerships to work, both parties must be equally committed, and they must share compatible cultures and goals. Choosing the right type of partnership can be...

Emotional Intelligence: Is It Inherited Or Learnt?

November 8, 2017
Emotional Intelligence: Is It Inherited Or Learnt? Emotional Intelligence: Is It Inherited Or Learnt?EI expert, Ush Dhanak                                                                EI expert, Ush Dhanak Emotional intelligence is sometimes held up as the ‘x-factor’ in success; the special ingredient that defines the people who stand out in life; it’s what separates the leaders from the...

Five steps to strategic spend management

November 6, 2017
Most organisations know they need to spend money to survive so they sometimes take a fatalistic approach to expense and invoice management. However, these organisations could potentially realise significant cost savings that contribute to the bottom line by taking a more strategic approach to spend management, according to Concur. Matt Goss, managing director, ANZ, Concur, said, “Most companies...

2 in 3 small online retailers expect to grow their business with Amazon

October 25, 2017
With the arrival of Amazon causing heated debate among industry experts and retailers alike, new research reveals smaller online retailers are more likely to welcome the eCommerce giant than larger online retail businesses, and see it as an opportunity to grow their business. Leading parcel delivery service CouriersPlease (CP), who delivered more than 17 million parcels Australia-wide and...

Collective Wellness Group (CWG) - the health and fitness disruptor

October 20, 2017
by Arthur McColl, CEO - Collective Wellness Group The word disruption is most commonly associated with start-ups and the tech industry, but Collective Wellness Group (CWG) is the health and fitness version of a disruptor. We’re bringing new brands to market in Australia, rounding out our portfolio by keeping ahead of the game, and most importantly, looking to the future.  Arthur McColl, CEO -...

2017 Australia: State of the Legal Market

October 11, 2017
Report by Thomson Reuters Peer Monitor and Melbourne Law School  Market returns to positive but minimal growth; technology challenges loom  Australian law firms stand at a critical “fork in the road” where they face key – and risky – decisions that will determine their paths moving forward.    A new report issued by Thomson Reuters Peer Monitor and Melbourne Law School, “2017 Australia: State of...

Staying smart online: how people and businesses can work together to combat cybercriminals

October 6, 2017
Since the technology to combat cybercriminals has become more advanced and sophisticated, people have become the potential weak link in the fight against cybercrime. Keeping organisations and individuals safe depends on people understanding the risks and protecting themselves. For example, it takes just one unwary employee to divulge their password or plug in an unauthorised device, and they...

Lessons from the west: how to maintain business in tough times and set up for new growth

October 6, 2017
Following a tough economic run, mainly due to the downturn in the mining industry, Western Australian businesses are now moving towards growth. They’ve learned lessons about how to maintain the business in tough times and position the business for new growth, and these lessons can benefit all Australian organisations, according to RSM Australia. Craig Ridley, director, Business Advisory, RSM...

Annual Review reveals record dispute numbers

October 5, 2017
The Financial Ombudsman Service (FOS) Australia received record dispute numbers in 2016-17, according to new data published today (05-10-17). The Annual Review shows that FOS received 39,479 disputes, a 16% increase from last year, after a 7% increase the previous year. The increase was driven by continued growth in general insurance disputes. The number of general insurance disputes received (13...

Digital investment by SMEs comes with concerns around digital security

October 5, 2017
RSM thinkBIG 2017 survey reveals challenges and strengths for Australian SMEs Digital security remains a significant risk for most small- to medium-sized enterprise (SME) owners, according to RSM Australia’s thinkBIG 2017 findings. Many SME owners still don’t recognise the importance of regularly reviewing their information security policies, with this figure remaining startlingly low; almost...

6 Key Ways to Build a Successful Franchise Team That Will Go the Distance

October 4, 2017
By Mary Walton Building a successful team, franchise or not, is no easy feat. The biggest problem when the word ‘success’ is thrown around is people imagining a highly competitive environment where everybody’s out to be the best, which is great, but it also creates a negative image of the work environment. However, the second thing you need to remember is the word ‘team’. By spending time in...

The growing importance of finance teams for business success

October 4, 2017
The past few years has seen most finance teams move away from a traditional, number-crunching focus and into a more strategic, business advisory focus. This benefits the organisations they work for and helps finance leaders demonstrate ongoing relevance in a changing business landscape, according to Concur. Matt Goss, ANZ managing director, Concur, said, “Being strategic means spending time on...

Top 5 challenges for small businesses and how to overcome them

October 4, 2017
More than 60% of small businesses in Australia fail during the first three years of establishment. Research has found that those initial three years are crucial in determining the fate of the business[1]. John Corias, Senior Partner of small business accounting firm m.a.s accountants, shares his take on the top 5 challenges small businesses face and how to overcome them: 1. Rising energy bills...

The Truth About Fixed Versus Percentage Royalty Fees

October 2, 2017
Franchising is a common option for people who want to venture into a business. The drive and enthusiasm of the entrepreneur, plus the experience and expertise of the franchisor make the perfect combination for achieving financial success. Investing in a franchise will typically require you to pay an upfront franchise fee and periodic royalty fees to the franchisor over the life of the franchise...

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