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.

High mortgages having repercussions for the Australian retail sector

May 9, 2017
The $1.6 trillion mortgage debt is having a negative effect on the Australian retail sector, according to trade credit insurance provider, Atradius. Mark Hoppe, ANZ managing director, Atradius, said, “22% of households are in mortgage stress and this is really being felt by the retail sector. (1) Because people tend to have such high mortgages, they’re less inclined to spend money on retail items...

How to ensure a smooth process when purchasing a business

May 4, 2017
Mergers and acquisitions can add value and strengthen an organisation’s competitiveness. However, many businesses fail to realise their purchase agreements don’t cover off all of the key risk areas. This can put the deal at risk and cost time and money. It’s therefore essential that businesses considering an acquisition get legal advice to ensure the purchase agreement is complete and...

Entrepreneurs’ tips for growing your business sustainably

May 2, 2017
From a side project to a global business used in over 150 countries – entrepreneurs’ tips for growing your business sustainably It’s not often that you come across a business which started off as a side project and within three years, has become global, being used in over 150 countries and growing exponentially month on month. This happened to be the case for Tim Kremer and Behram Khan, co-...

Making digital data work for business improvements

May 2, 2017
Managing the explosion of data is likely to become an increasing challenge that organisations must address to stay competitive, according to Empired. With 90 percent of the world’s data generated over the past two years(1), the digital data revolution presents businesses with a huge opportunity to gain never-before-seen insights into how customers are interacting with organisations. By leveraging...

Investing in a Franchise vs Investing in Markets

April 26, 2017
If you want to invest your money in any business venture, you will need the dedication and focus to constantly nurture your investment. Franchising is an option which essentially lets you run another company’s business as your own, and this short guide will compare this type of investment against investing in global markets. Running a Franchise Franchising involves the owner of a franchise (...

WEBSITE UNVEILED TO HELP HOSPITALITY BUSINESSES INTO PROFITABILITY

April 21, 2017
The anticipated relaunch of Profitable Hospitality has been unveiled today (April 20), bringing to market a fresh new look and tailored content to support hospitality professionals in management, marketing and operations. The revamped platform comes after a 12-month overhaul of the site’s content and functionality to align with the company’s industry research that identified the key career stages...

Holidaymakers say travel companies ignore their feedback nearly half the time

April 20, 2017
Travel organisations know that their ability to provide the best experience for their travellers is critical to their business success, and a core component of this is acting on feedback. However according to a new global research study from Qualtrics, which surveyed 1,700 travellers including respondents from Australia and New Zealand, a significant proportion of holidaymakers in Australia and...

3 traps SMEs should avoid when claiming deductions by Clive Barrett from First Class Accounts

April 19, 2017
Between January and November last year, the ATO successfully prosecuted 27 individuals for serious tax crimes, with 23 of these individuals receiving jail sentences. These offences involved criminal activity such as falsified invoices to claim fake deductions, GST refund fraud, alcohol and fuel tax credit fraud, identity crime, and income tax related fraud. In the same period, 1,541 individuals...

Don’t get scammed by a fake online store

March 20, 2017
The Australian Competition and Consumer Commission is warning online shoppers to be wary of scammers masquerading as legitimate online retailers, often selling well-known brands at too-good-to-be-true prices. Already in 2017, the ACCC’s Scamwatch service has received more than 1000 reports of online shopping scams worth more than $150,000 in total. Younger Australians in the 18 to 24 age bracket...

Australian businesses must recognise the importance of cash flow to ensure success

March 15, 2017
Australian businesses have lost sight of the importance of cash flow, which can determine whether a business thrives or fails. Businesses must take steps to get tighter control of and visibility into cash flow, according to RSM Australia. Peter Saccasan, national head of Business Advisory, RSM Australia, said, “Every single decision affects a business’s cash flow, whether it’s a capital...

How SMEs can overcome the potentially-deadly impact of late payments

March 9, 2017
Payment times are an important, yet often overlooked, component of trade credit terms. Small- to medium-sized enterprises (SMEs) must protect themselves from the potential consequences of consistent late payments from customers, according to trade credit insurance provider, Atradius. Mark Hoppe, managing director, Atradius, said, “Late payments impact cash flow, which can reduce a business’s...

When should you buy a commercial premise?

March 7, 2017
When a business owner considers whether they should buy their own premises or invest in separate commercial property, they need to first determine whether they should lease the premises from where they operate or purchase it. Once that decision has been made, other investment decisions can be acted upon with more clarity. This is an ongoing dilemma for many businesses.  When a business commences...

Self-service and automation are the keys to organisational efficiency

March 6, 2017
The future of managed services lies in self-service and automation, both for internal processes and customer engagements, according to Brennan IT. Simon Wheeler, CIO, Brennan IT, said, “As a managed services provider, Brennan IT wants customers to be able to provision, change, order, and perform simple functions themselves, without our intervention. This means we can focus on delivering greater...

How culture and leadership can influence customer experience

March 6, 2017
Customer-obsessed companies can grow their revenues faster and build a more loyal customer base. While this sounds like a great strategy, companies are left wondering how they can actually achieve a customer centric culture? Vicky Katsabaris, Customer Experience (CX) Subject Matter Expert, Qualtrics said, “Having executive leadership and cross functional alignment plays a significant role in...

Gender balance in leadership drives reduced gender pay gaps

March 2, 2017
Bankwest Curtin Economics Centre (BCEC), in collaboration with the Workplace Gender Equality Agency (WGEA) today released a report revealing top tier female managers in Australian organisations earn on average $93,000, or 26.5 per cent, less per year compared to their male counterparts. Gender Equity Insights 2017: Inside Australia’s Gender Pay Gap, the second in the BCEC|WGEA Gender Equity...

How scan and capture technology can improve marketing operations

February 28, 2017
Marketing departments and agencies have traditionally relied heavily on printed materials. This has led to an abundance of manual, hardcopy-based processes and high printing costs for these organisations. Implementing digital scan and capture technology can remove this burden and deliver significant time and cost savings, according to Y Soft. Marketing is, by definition, content-heavy. From...

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