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 organisations can maintain a strong corporate culture during business growth

July 4, 2019
Business growth can be a double-edged sword for organisations trying to balance workplace culture with new clients, stakeholders, incomes, and external responsibilities. It’s important that, as businesses grow, managers don’t lose sight of internal workplace culture. As organisations scale up, it can be hard to maintain the warmth, openness, and cohesiveness achievable with a smaller team. It’s...

A New Year, a New Plan: Five Ways to Transform Your Small Business

July 4, 2019
The start of a new financial year is an ideal time for business owners to take stock of the business, review progress towards growth goals, and re-align plans as necessary. While there is no one-size-fits-all approach for businesses to make their planning more effective, there are a number of key considerations that can help business owners improve their position, according to entrepreneur, CEO...

A Sale is only a Sale once Payment is Made

June 20, 2019
  Most businesses trade on credit terms with their customers, letting them purchase as they need and pay later. This can be a great way for businesses to build their customer base and gain more work or sales since customers will often buy more if they don’t have to pay immediately. However, extending credit to customers, while a common and strategic business practice, also comes with risks, so it...

When Should You Franchise Your Business?

June 20, 2019
  One of the most successful methods of expanding your business is through franchising it. Franchises are responsible for investments in new locations. These investments encourage you to perform well and help you grow your overall business. Several market forces make franchising a business an enticing prospect in 2019. And while all businesses are not capable of franchising, many industries would...

How to Start Your Own Franchised Gym

August 2, 2018
Starting your own gym isn’t just about getting the right equipment. Knowing your target market, finding the right location and securing your funding are all essential parts of how to start a gym. Starting a gym takes careful planning and decisive action, but with the right steps in place you can enjoy running your own gym and knowing that it’s primed for success. Planning Your Gym As you start...

How to Grow Your Business and Create a Reliable Income Stream

June 26, 2018
Growing your business can be difficult, but it’s only half the battle. It takes key strategic planning to ensure that your small business or startup also maintains its position over time. Businesses need to invest in smart strategies for growth, while avoiding common traps which can lead to business losses. These strategies will ensure that your small business startup grows quickly and maintains...

The Real Cost of Workplace Bullying

May 31, 2018
Workplace bullying is a problem that’s often overlooked, but if it’s dismissed or left untreated it can become extremely costly for a business. The Australian Human Rights Commission estimates up to $36 billion dollars is lost each year from Australian businesses due to the effects of workplace bullying. These costs can be attributed to losses in productivity, sickness, law suits and even...

The new skills CFOs will need to stay relevant in an evolving business landscape

April 30, 2018
As the CFO’s role continues to evolve from a simple finance function to a strategic business leader and innovator, tomorrow’s CFOs will need new and different skills compared to their traditional counterparts. Understanding the importance of these skills will be the difference between a successful CFO and one that struggles to remain relevant, according to Concur. Matthew Goss, managing director...

Online retailers likely to continue outpacing bricks-and-mortar businesses in Australia

April 24, 2018
The retail sector performance in Australia is considered fair with tight margins that, for many smaller retailers, continue to decrease. Online retailers continue to put pressure on bricks-and-mortar stores, so retailers must adopt new strategies to remain competitive. However, this requires both the willingness to change and a financial investment. The outlook for 2018 includes more of the same...

Why businesses must secure guest access and Internet of Things devices before it’s too late

April 24, 2018
Why businesses must secure guest access and Internet of Things devices before it’s too late The need to comply with data breach legislation means Australian companies must be aware of their obligations and must ensure their own networks are fully compliant, along with the devices and applications of contractors, third parties, and guests that plug into the network. Internet of Things (IoT)...

The top five challenges caused by decentralised employee-initiated spend

April 18, 2018
Businesses used to be able to manage corporate spend relatively closely because most purchases were managed centrally through purchase orders and company cheques. In the digital economy, employees are spending money across more categories, and using more payment methods than ever before. This creates challenges for businesses to manage spend strategically, according to Concur. Matt Goss, managing...

Why the cloud is the ace up the CFO’s sleeve

April 17, 2018
The evolving role of the chief financial officer (CFO) means they need to embrace emerging technology to gain greater business insight and more efficient financial management. Removing the mechanical burden of the role means these business leaders are free to concentrate on adding value in the form of creative innovation and strategic direction to continue moving the business forward. CFOs can...

How to Increase Employee Productivity in the Workplace

April 3, 2018
In many ways, investing in a franchise is an effective method of negating some of the risks that are inherent in running a business. The business model is already proven, which is a huge step in the right direction, and you are given everything you need to create goods and services you know customers want. However, one thing the franchise model can’t help you with is the productivity of your...

Seven reasons information mobility is crucial for businesses

March 21, 2018
Since work is no longer limited to a specific location, there has been a huge shift in the modern workforce towards mobility. However, businesses need to be properly set up to accommodate this workstyle evolution or risk failing to deliver the true benefits of mobile, according to SAP Concur. Matt Goss, managing director, Australia and New Zealand, SAP Concur, said, “Organisations must embrace...

Employee experience: six trends to watch in 2018

March 13, 2018
Employee experience: six trends to watch in 2018 2017 saw significant improvements in how businesses understand and approach the employee experience (EX). Research is increasingly showing the critical importance of getting the EX right because engaged employees contribute significantly to revenue growth. Businesses that want to sharpen their competitive edge in 2018 need to be aware of the key...

84% of Australian online sellers target the US market

March 8, 2018
84% of Australian online sellers target the US market The majority of small-business online sellers aim to succeed in overseas markets, with 84 per cent already selling into the US, and 62 per cent using Amazon to help them meet that goal.   The findings come from a survey of 193 small-business online sellers in Australia by WorldFirst (worldfirst.com.au), a global leader in international money...

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