Archives: Expert Advices

Welcome to the franchise family—you’ve just got the keys to a well-oiled machine with a track record of success. But here’s the secret: The heart of a great franchise doesn’t just beat to the rhythm of “business as usual”, it embraces creativity and continuous innovation. And guess what? Even as a franchisee, you’ve got some… Continue reading How to Spark Innovation and Capture Creativity in Your Franchise

  The terrible floods and storms causing great trauma for parts of the country should be a red alert for small business to be prepared for natural disasters. Unfortunately, only one in four small businesses have a current business continuity plan. Natural disasters can be devastating for small and family businesses – either their business… Continue reading Small Business Natural Disaster Preparedness and Resilience

  I was not surprised to read the other day that more women at the top in business is better for business. I came across a news item from the Australian Government Workplace Gender Equality Agency (albeit dated June 2020) which showed that: Profitability, performance, and productivity increase under female leadership Female top-tier managers add… Continue reading Women in top-tier management roles are better for business

  The attitudes of Millennial and Gen Z young people towards work is the subject of much angst amongst employers, often describing the next generation as lacking motivation and demanding unreasonable benefits. Are such criticisms relevant to franchising and what should franchisors do to recruit the best upcoming franchisees?   As the pandemic that gripped… Continue reading Franchising’s Dilemma – How to Attract and Hold the Next Generation

  The phrase, ‘Unfair contract terms’ is not new. Most of us are familiar with the implications of ‘unfair contract terms’ (UCT) when it was introduced in the context of standard form contracts. At the time, it was designed to hold larger companies accountable for contracts that were clearly unfair. For example, where a party… Continue reading What the 2023 Unfair Contract Term Reforms means for your Franchise

When it comes to building a house, if you don’t have a proper foundation, it can compromise the stability and safety of your home. It’s the same when building a business – you won’t always know everything when you first start, but having a strong grasp on tax, financial and business basics can make all… Continue reading Focus on the foundations: Tax, financial and business basics

Financing your franchise Business   Starting a franchise business can be exciting, rewarding, and potentially lucrative. However, like any business venture, it requires careful planning and adequate financing to get off the ground and to thrive. ‘Financing’ can refer to either equity (the cash you’re putting in to start your business), or debt (money you… Continue reading Chapter 8 – Phil Chaplin

The final report of the 2023 Review of the Franchising Code of Conduct has been released and contains 25 findings, 23 formal recommendations for change and 34 suggestions for implementation for the Government to consider, including the introduction of a licensing system for franchisors.   The report was tabled in Parliament on February 8 by… Continue reading Franchising Code Review recommends licensing of franchisors

Are You About to Buy a Franchise? Your Most Important Question … Where Are My Customers?   Buying a franchise, or starting any new business from scratch, is a major commitment in money, time and energy. And it is never a short-term exercise. A typical franchise term is three or five years, usually with multiple… Continue reading Chapter 7 – Roger Dickeson

What To Be Aware Of In Relation To Franchising In New Zealand   New Zealand is one of the most deregulated countries in the world to conduct small to medium-sized business.  There is no specific legislation controlling the operation of franchising in New Zealand and other countries like New Zealand include Singapore and the United… Continue reading Chapter 6 – Stewart Germann