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.

Fear of change is holding businesses back – Entrepreneur shares tips to stand out from the competition

May 26, 2017
Change is inevitable in every industry. Businesses need to recognise and respond to these opportunities before their competitors do. Often it’s difficult to realise that limitations in business growth are self-imposed by mind maps from former success. Past perceptions limit what we ‘see’. Tim Kremer, co-founder of Avaza (www.avaza.com), Australia’s fastest growing Work Management software, shares...

What to look for when outsourcing your Payroll

May 23, 2017
BDO comments in the wake of alleged payroll-linked fraud In the wake of the recent, alleged fraud involving an Australian payroll service provider, Mark Molesworth, Tax Partner at BDO said now is a good time for businesses to assess their payroll provider arrangements and review associated risks. “If you are using a payroll service provider now is the time to assess the provider’s integrity and...

What is the quickest way to expanding market share?

May 22, 2017
By Raz Chorev, Founding CMO at Orange Sky There are a handful of tactics companies can employ to increase their share of market. But first, let’s understand what market share is, before we get into tactics.Market share represents the percentage of an industry or market's total sales that is earned by a particular company over a specified time period. Market share is calculated by taking the...

Australia Leads the Way in Global Adoption of IoT

May 17, 2017
Teradata study also finds Australia second only to Germany when it comes to organisational uptake of big data and analytics Businesses operating in Australia are embracing big data and backing the growth in the Internet of Things (IoT) to maintain global competitiveness - that is according to the findings of a study released today by Teradata (NYSE: TDC), a leading analytics solutions company....

5 Goals Every Business Should Set

May 12, 2017
Setting goals is an important part of running a business – not only because it determines the direction you go in, but also because it keeps you motivated to actually get the job done. Still, coming up with goals you want your business to accomplish may not always be as easy as it seems. With this in mind, we have come up with 5 goals that every business should set. Making your meetings more...

The Treasurer digs, tunnels, flies and powers out of a deficit but not much for small business

May 10, 2017
Mark Molesworth, Partner with tax experts BDO, said the Treasurer has flagged his intention to dig, tunnel, fly, and power its way out of a deficit with the launch of its  A$75 billion infrastructure plan. “Building infrastructure for the future of Australia - and borrowing where necessary to do so - is a good solution for the government, so long as the chosen projects increase productivity in...

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...

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