This article appears in the July/August 2014 issue of Business Franchise Australia & New Zealand Simple but effective steps to deliver training with impact! Most of us need to put on our ‘trainers hat’ from time to time. The challenge of training, whether it be of staff, franchisees or colleagues, is keeping it fresh… Continue reading So you think you can train?
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Sound Financial Foundations for your Franchise
This article appears in the July/August 2014 issue of Business Franchise Australia & New Zealand Have you ever played the game Snakes and Ladders? Landing on a snake when you’re almost at the finish is such a disappointment as it sends you backwards just as you’re anticipating your win. The financial side of buying… Continue reading Sound Financial Foundations for your Franchise
Starting a Franchise before Proof of Concept
This article appears in the July/August 2014 issue of Business Franchise Australia & New Zealand Many business owners seek to franchise their business before the concept has been fully proven. This presents opportunities for buyers and sellers. Our firm specialises in helping business owners get ready to franchise and helping launch start up franchises.… Continue reading Starting a Franchise before Proof of Concept
From Franchisee to Business Leader
This article appears in the July/August 2014 issue of Business Franchise Australia & New Zealand The decision to become a franchisee as opposed to a starting a private company often boils down to one key differentiator – that as a franchisee you gain access to training and resources to help you get started and… Continue reading From Franchisee to Business Leader
More to the new Franchising Code than meets the eye
This article appears in the July/August 2014 issue of Business Franchise Australia & New Zealand A new Franchising Code of Conduct announced in April this year is the most significant regulatory change to the $132 billion Australian franchise sector since it was first regulated in 1998, and will come into effect from January 1… Continue reading More to the new Franchising Code than meets the eye
Minimise Risk and Maximise your Outcomes
You don’t have to be a rocket scientist to know that there is an element of risk in any investment, but being smart about investing is being smart about minimising risk. Risk is unavoidable. Whether you are playing the stock market or buying a business, there are ways to minimise risk and therefore maximise your… Continue reading Minimise Risk and Maximise your Outcomes
To Validate or not to Validate
To finish the expression maybe it should read, to validate or not to validate that is the question. It may be a question, but is it an option? What is validation all about in the franchise world? In many franchise systems the validation process is a necessary and sometimes mandatory step towards a franchise award.… Continue reading To Validate or not to Validate
The importance of Local Area Marketing
One of the greatest advantages you have being part of a franchise is the support of a recognisable brand. Successful franchisees understand marketing and know how to leverage off the brand awareness that comes with the franchise, and are able to turn this into successful marketing, at least at a local level. Local Area Marketing… Continue reading The importance of Local Area Marketing
How safe is your Franchise Territory? The Courts have now decided.
The Courts have recently discussed the importance of a franchisor protecting their franchisee’s territorial rights in an exclusive territory. Where a franchisee has an exclusive territory, the Courts decided that there is a positive obligation that a franchisor does not itself compete in that territory or allow other franchisees to compete. Until now, there have… Continue reading How safe is your Franchise Territory? The Courts have now decided.
The Australian Consumer Law and Franchisees’ Obligations
Much has been written about franchisees’ obligations under the franchise agreement, but franchisees should also remember that they must comply with all other relevant laws and regulations governing franchising and the conduct of their franchise business. The key pieces of legislation and legal principles that relate to franchising in Australia are: • the Franchising Code… Continue reading The Australian Consumer Law and Franchisees’ Obligations