Over the past three years we have seen some massive changes in the franchise sector. COVID of course has meant many franchise groups like other business have had to rethink what their customers and staff want and change, streamline and tighten business accordingly. Mobile businesses, online service, food trucks, takeaway food, have emerged as being… Continue reading Seize the moment – experts views for 2023
There are two main types of finance for any business, often seen as the opposite sides of the ledger, they are Debt and Equity. Equity is the cash or capital that has been invested into the business, usually in return for a share of the business ownership. Debt is money that has been borrowed and… Continue reading Business Finance Products Explained
Sales is the lifeblood of any franchise, yet so many franchisees don’t know how to properly market and sell the products or services that they offer. They either lack the sales strategy, plan, or skills.
Your credit score is just one of the pieces of information that lenders (and other creditors like trade suppliers or landlords) look at when considering whether to do business with you. For most people a credit score is a bit like their appendix, they’re pretty sure they’ve got one, but they’d struggle to tell you… Continue reading Know the Score
A franchise can seem like a dream opportunity. You see a café with mouth-watering cakes and happy customers. The success of brands like McDonald’s or Jim’s Mowing. The chance to make money doing something you love.
Hiring based on personality is not an indicator of sales ability. Engaging well with clients is a very different skill to bringing in new business from prospects where the relationship hasn’t been fully established.
Why you need operations systems Way back in the early 80’s two Harvard researchers found there are 5 clear steps to business growth. Every business must go through these stages if the owners want to expand their empire.
There’s plenty of uncertainty in the world right now. We’re experiencing higher inflation, and rising interest rates. The war in Ukraine is continuing, tension with China is simmering, and Covid is still hanging around.
While working from home during the pandemic many corporate managers and C-Suite leaders have revalued their lifestyle, measuring up the pros and cons of commuting, office politics and working for someone else, versus having their own business and seeing more of their families. They are looking for opportunity and franchise ownership is high on their… Continue reading Buying into a franchise brand is only half the job
Anatomy Co-Directors Matt John and Katherine Ruiz share insight into how branding can drive meaningful connections and has even led to business growth during covid for their hospitality clients. The resilience and adaptability of the Australian hospitality sector throughout the pandemic is truly commendable, and something that Anatomy Studios directors could see would be a… Continue reading The Anatomy of a Brand