As a franchisee, you’ve invested time, money, and effort into building your business. But have you taken steps to protect that investment for the long term? A recent survey in will-making offers valuable insights for franchisees on the importance of estate planning. A survey conducted by online estate planning service Willed revealed that 64%… Continue reading How Franchisees Should Plan Their Estate: Insights from Recent Will-Making Trends
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Categories: Business and Management
Tips to help you get your tax right this year
The ATO wants to make it as easy as possible for you to get your tax and super right. Here are some tips to help you with your 2023-24 tax return. Key changes this tax time There are a few changes to be aware of this tax time. If you purchased or upgraded a business… Continue reading Tips to help you get your tax right this year
Avoiding the financial pitfalls of starting a franchise
Starting a new business is exciting, and of course franchises offer the support of a proven brand, but even if you’ve done it all before, it’s still possible to fall into some common financial traps that can delay, or in extreme cases even derail, your new business plans. So, how do you successfully navigate that… Continue reading Avoiding the financial pitfalls of starting a franchise
Selling Your Franchise: How to Ensure a Legally Smooth and Successful Exit
Selling a franchise business can be a rewarding step in your entrepreneurial journey, but it comes with its own set of complexities. Navigating these challenges successfully requires a thorough understanding of the legal obligations and processes involved. As an experienced franchise lawyer, I’ve helped countless franchise owners through this process, ensuring they sell their businesses… Continue reading Selling Your Franchise: How to Ensure a Legally Smooth and Successful Exit
6 Key Strategies For Gearing Up Your Automotive Franchise
Automotive franchises are a wonderful opportunity for car enthusiasts who want to get into their own business. There are so many automotive related franchise choices, such as car wash, service and repairs, tyres, batteries, tools, car rentals, and the list goes on. While the lure of owning an automotive franchise might sound exciting, remember,… Continue reading 6 Key Strategies For Gearing Up Your Automotive Franchise
The Recipe for Rescuing a Failing Franchisee Business: Inspirational Turnarounds
In the world of franchising, not all franchise ventures guarantee success, as many franchisees encounter challenges that threaten the sustainability of their businesses. This opinion piece explores strategies crucial for revitalising struggling franchisees and emphasises the important role franchisors play in leading and supporting them. Drawing from real-world examples of franchises that have successfully turned… Continue reading The Recipe for Rescuing a Failing Franchisee Business: Inspirational Turnarounds
The Integral Role of Intellectual Property Protection in Safeguarding Your Franchise’s Future
In the dynamic and competitive world of franchising, intellectual property (IP) serves not just as a legal asset but as the very cornerstone of brand identity and market presence. Building on our previous article on comprehensive strategies to shield your franchise, this article delves deeper into the critical role of IP protection. We focus particularly… Continue reading The Integral Role of Intellectual Property Protection in Safeguarding Your Franchise’s Future
Maximising Profitability: Cost Management Strategies for Franchise Owners
All businesses operate in a competitive environment, and times of change can often mean margin squeeze and reduced profitability. Franchise businesses are no different, and sometimes also face their own unique challenges when it comes to what factors might be (or seem to be) outside of the control of the franchisee. That having been… Continue reading Maximising Profitability: Cost Management Strategies for Franchise Owners
Simple checks for super success
As an employer, paying super is a critical part for setting up your employees’ long-term financial security. To ensure their superannuation guarantee (SG) is paid in full, on time and to the right fund, here’s some simple checks for super success: Check your employees’ eligibility Time to check your workers are correctly classified! … Continue reading Simple checks for super success
Home service franchises at risk of brand damage
Any franchise where staff enter private property to perform their service is at risk of brand damage. For example, what if someone is caught on camera doing something inappropriate?, what if a worker is accused of stealing something? or what if the client alleges that faulty workmanship led to a serious injury? I could go… Continue reading Home service franchises at risk of brand damage