This article appears in the Nov/Dec 2014 issue of Business Franchise Australia & New Zealand What is working capital? Working capital in its simplest form is cash that is used in a business. It can also take the form of current assets and liabilities such as stock, debtors and creditors. These items are not cash… Continue reading “What are my businesses working capital needs?”
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Archives: Expert Advices
Experts and reviews
Setting goals to win
This article appears in the Nov/Dec 2014 issue of Business Franchise Australia & New Zealand HOW TO SET AND ACHIEVE REALISTIC GOALS TO TAKE YOUR BUSINESS FORWARD. The problem with goals As a business coach, one of the hardest things to do is not to get your clients to want something more for their business,… Continue reading Setting goals to win
Understanding Business Partnerships
This article appears in the Nov/Dec 2014 issue of Business Franchise Australia & New Zealand A comprehensive two-year study conducted by Griffith University’s Asia-Pacific Centre for Franchising Excellence identified four critical areas in which most failed business owners were lacking in knowledge – partnerships, contractual understanding, expectations, and debt levels were identified as the… Continue reading Understanding Business Partnerships
Feature: Health, Beauty and Fitness
This article appears in the Nov/Dec 2014 issue of Business Franchise Australia & New Zealand A HEALTHY BOTTOM LINE Appearances count. It’s a fact. And as a result, the health, fitness and beauty industries are booming. Health, beauty and fitness franchises are attractive businesses that are guaranteed to make you feel good! Whether you… Continue reading Feature: Health, Beauty and Fitness
Countdown to 1 January 2015
This article appears in the Nov/Dec 2014 issue of Business Franchise Australia & New Zealand A new Franchising Code of Conduct has been drafted by the Government (“new Code”) and it is proposed that the new Code will be effective from 1 January 2015. In his second reading speech, the Honourable Bruce Billson, Minister for… Continue reading Countdown to 1 January 2015
Update from the Franchise Association of New Zealand
This article appears in the Nov/Dec 2014 issue of Business Franchise Australia & New Zealand New FANZ Board takes up its responsibilities following the AGM At its first meeting of the FANZ Board following the annual elections, Board members elect the Chair and Vice Chair positions for the following year. For the coming 2014/15… Continue reading Update from the Franchise Association of New Zealand
2014: Another great year for Franchising
This article appears in the Nov/Dec 2014 issue of Business Franchise Australia & New Zealand It’s been another busy year in the franchise sector. We have continued with what is now an almost two-year Franchising Code of Conduct review, we’ve seen new brands enter the Australian market, Australian brands head overseas, an increased interest… Continue reading 2014: Another great year for Franchising
When a pulse and a cheque are not enough
Guidelines for franchisors and franchisees in building thriving, sustainable networks. The greatest challenge facing all businesses today is engaging and retaining dedicated ambassadors for their brand. Whilst this is true for all businesses and food and retail particularly experience great difficulty keeping employees for more than two years, it is fundamental in franchise recruitment.… Continue reading When a pulse and a cheque are not enough
How to create a successful visual brand
Australia is being continuously flooded with new franchises and brands. Increased choice and the ability to shop around more easily means it is more important than ever to establish a loyal customer base. A strong brand identity can help do this. Getting the visual element of a brand right can be a difficult task but,… Continue reading How to create a successful visual brand
What to ask and what to say
This article appears in the Sep/Oct 2014 issue of Business Franchise Australia & New Zealand How to find out what you need to know about your new business Going into business on your own is a big decision. Taking the leap from employee to business owner can feel daunting and exciting and having access to… Continue reading What to ask and what to say