This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand Code Review recommendations receive cautious support Franchise sector participants have indicated cautious support for the 18 recommendations to improve the Franchising Code of Conduct arising from the current Code review, but have indicated that more detail is necessary to determine… Continue reading Behind the Headlines
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Archives: Expert Advices
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Top 10 tips for being a successful retail franchisee
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand The Franchisee Success Study we conducted at Franchise Relationships Institute (FRI), found that franchisees working longer hours performed significantly worse in terms of financial achievement, customer satisfaction and their active participation in the franchise network. And they experienced higher levels… Continue reading Top 10 tips for being a successful retail franchisee
Increasing your retail sales
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand “Retail’s waaaay down;” “People are buying overseas;” “Consumer confidence is bad;” “The online market is killing us;” “Big chains beat us on price,” and so on. While these all may (or may not) be true for your street, your precinct… Continue reading Increasing your retail sales
Retail is detail
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand When I first started Boost in 1999, I read in a financial magazine the horrific stats on new startup businesses with regard to their success rates. I was mortified to read that four out of five new businesses fail in… Continue reading Retail is detail
Five commonly asked legal questions by franchisees
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand In what circumstances may a franchisee terminate the franchise relationship? Generally speaking, a franchisee may terminate the franchise relationship in four circumstances. (a) Within seven days after signing the franchise agreement or making a payment under the franchise agreement. This… Continue reading Five commonly asked legal questions by franchisees
Want business success? Create value!
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand There was a time when a business ably competing on the basis of quality, price and/or services, could expect reasonable prospects of success. Growth came from scaling up, and as the business became more complex adding a manager or two,… Continue reading Want business success? Create value!
The value of Local Area Marketing
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand Why do some franchisees in a system perform consistently well, whilst others flounder? More often than not, the answer is that the successful franchisees are very good at local area marketing. They are the ones who are always thinking and… Continue reading The value of Local Area Marketing
Closing the gap between where you are and where you want to be
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand No matter what stage of development your business is presently in, all small business owners want more revenue. That is always priority number one and to be honest, it should be. As the year starts to pass us by very… Continue reading Closing the gap between where you are and where you want to be
New Zealand franchising legislation before parliament
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand There are two major issues affecting franchising that are currently before Parliament – the Commerce (Cartels and Other Matters) Amendment Bill and the review of Part 6A of the Employment Relations Act 2000. Commerce (Cartels and Other Matters) Amendment Bill.… Continue reading New Zealand franchising legislation before parliament
FCA compromises for regulatory certainty and unified national regulation
This article appears in the July/August 2013 issue of Business Franchise Australia & New Zealand The Franchise Council of Australia has compromised on the key issues of good faith and increased penalties for the ACCC in the hope that all stakeholders will now unite behind a consistent national regulatory framework for the franchise sector. The… Continue reading FCA compromises for regulatory certainty and unified national regulation