The recent voluntary administration of Pie Face has highlighted the uncertainty faced by franchisees if their franchisor goes into administration. Here are 10 key risks to franchisees of insolvent systems. 1 – The risk of little useful information Many insolvency practitioners do not understand franchising and the nature of the franchise relationship. Administrators will apply… Continue reading When franchisors go bust
This article appears in the Mar/Apr 2015 issue of Business Franchise Australia & New Zealand ‘Business Rigour’. It’s a strange sounding phrase but it’s vitally important in business. It’s about the discipline of ensuring your business stays on track. We’ve found that many businesses lack this discipline and that’s why they get into trouble.… Continue reading A rigorous approach to business success
This article appears in the Mar/Apr 2015 issue of Business Franchise Australia & New Zealand With changes to the Franchising Code of Conduct taking place on 1 January 2015, there are several things franchisees, franchisors and prospective franchisees need to know. The Franchising Code and what it does The original mandatory code was introduced in… Continue reading The new Franchising Code: What you need to know
This article appears in the Mar/Apr 2015 issue of Business Franchise Australia & New Zealand Our feature in this issue of Business Franchise Australia and New Zealand is ‘Success within the Service Sector’. The Cambridge Dictionary defines the ‘Service Sector’ as the part of a country’s economy that is made up of businesses that… Continue reading Feature: Success within the Service Sector
This article appears in the Jan/Feb 2015 issue of Business Franchise Australia & New Zealand Starting a business can be difficult, especially at first. You’re dealing with a smaller budget and less room for error, and so every decision you make can affect how successful you are in the first five years. Perhaps no decision… Continue reading Should You Check Social Media Accounts Before Hiring?
This article appears in the Jan/Feb 2015 issue of Business Franchise Australia & New Zealand As we enter 2015 and take time to reflect upon 2014 – the year that was – retailers are still in the midst of what is for many, the busiest time of the year. As the New Year starts… Continue reading Retail: A Recipe for Success
This article appears in the Jan/Feb 2015 issue of Business Franchise Australia & New Zealand While it may be tempting to have the ‘latest and greatest’ technology for our franchise business there are some important considerations that need to be addressed before making the investment. Maybe it’s a slight over-exaggeration, but it seems that… Continue reading Cost effective innovation
This article appears in the Jan/Feb 2015 issue of Business Franchise Australia & New Zealand By dictionary definition, an alliance is a union or association formed for the mutual benefit of two or more organisations. In its definition alone it is clear that any business, no matter what sector it’s operating in, relies on… Continue reading Strategic Alliances: Critical to achieving success in franchising
This article appears in the Jan/Feb 2015 issue of Business Franchise Australia & New Zealand Operating a franchise business in the current competitive environment is difficult enough without having the extra stress of having to resolve a dispute with your franchisor. Disputes can arise within a franchise system for many reasons; some of them… Continue reading Conflict Resolution in Franchises
This article appears in the Jan/Feb 2015 issue of Business Franchise Australia & New Zealand Whether we think about it or not, we do a bit of planning every day. For instance, the urgent things that need to be done, the bills that have to be paid, shopping, groceries and school activities for the kids.… Continue reading Practical Planning for your franchise