With the cost of operations at historic highs, many Australian businesses are looking for ways to improve margins wherever possible. And according to Gareth Boyd, Head of Growth at the credit card comparison website CreditCardCompare.com.au, being more strategic about how you pay for typical business expenses is key to that. “In today’s tight… Continue reading How franchise businesses can turn expenses into rewards
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Categories: Business and Management
Stronger Future for Franchisees: Policy & Recognition
By Jay Westbury, CEO, Franchise Council of Australia Running a franchise business is not easy, and in today’s environment, franchisees face challenges on multiple fronts—from rising costs and regulatory complexity to staffing shortages and economic uncertainty. While the recent interest cut helps including in boosting consumer confidence, we all know there’s a lot still… Continue reading Stronger Future for Franchisees: Policy & Recognition
GST and BAS essentials for your franchise
Set your franchise up for success Are you starting a new franchise or busy being a boss running one? Check out our GST and BAS essentials (and extra tips) to help you stay on top of your tax obligations, including: using digital tools and software that can help you automate your business administration and streamline… Continue reading GST and BAS essentials for your franchise
Maximising Revenue for Your Franchise Business
A little while ago I wrote an article about Managing Costs to Maximise Profitability, but in all honesty, a cost-cutting manager is often a short-lived manager. Don’t get me wrong, a watchful eye on costs is always a good idea, but it’s not even half the battle. The driving force behind any business is of… Continue reading Maximising Revenue for Your Franchise Business
Franchise Fame: Why You Can’t Be a Wallflower in Today’s Market
In the 1989 film Field Of Dreams, Kevin Coster famously hears a whispered voice tell him…”If you build it, he will come”. Well, in business that’s simply not true. Gone are the days when you could simply open your doors, slap a familiar logo on the storefront, and watch the customers flock in. Today’s franchise… Continue reading Franchise Fame: Why You Can’t Be a Wallflower in Today’s Market
Key changes to Australia’s Franchising Code of Conduct
Franchisees and franchisors are set to experience further changes to Australia’s Franchising Code of Conduct (Code) following an independent review last year. Following recommendations from former Deputy Chair of the ACCC Dr Michael Schaper, the new Code includes broad changes including a slightly simplified pre-entry disclosure process, a new requirement for franchisees to be provided… Continue reading Key changes to Australia’s Franchising Code of Conduct
How to Cultivate Customer Loyalty With Your Franchise
Are customers loyal to your company or the person that represents it? It’s an important question to ask ourselves, yet it remains one that many companies don’t ask until they lose a salesperson or a key person and the customers who loved them. With most retail customers, we see that their loyalty is more to… Continue reading How to Cultivate Customer Loyalty With Your Franchise
SPOTTING RED FLAGS IN OPENING AND RUNNING A FRANCHISE
Navigating the business world is tough. There are numerous rewarding experiences that come with being a franchise owner, however, there are also many challenges that appear along the way. Spotting red flags early on can save potential financial loss and wasted time. For franchisees entering the Kwik Kopy network, we encourage innovation. Success in… Continue reading SPOTTING RED FLAGS IN OPENING AND RUNNING A FRANCHISE
On the Road to Success: Understanding Your Mobile Franchise Opportunity
The franchise industry is evolving rapidly and offers diverse opportunities for aspiring business owners. In Australia and New Zealand, mobile franchising is not only growing, but also reshaping how businesses operate and serve customers. The question for prospective franchise owners is not, “Should I buy a franchise?” but rather, “Should I take my business… Continue reading On the Road to Success: Understanding Your Mobile Franchise Opportunity
Dealing with uncertainty – AGAIN?
As every year starts, we move into it with hope and excitement feeding plans for the great things we are going to do this year. But again, since COVID hit our shores, business is facing the future with no certain parameters to guide a suite of decisions. As I was thinking about this, an… Continue reading Dealing with uncertainty – AGAIN?