The decision to buy or start a franchise, or in fact any business, is a significant one. Sometimes that decision may seem simpler when you are dealing with a franchise because the information can be more polished and the roadmap easier to follow. It pays to remember however that the objectives and motivations of… Continue reading Know the Players: Understanding the Key Parties in a Franchise Transaction
We started a new fringe benefits tax (FBT) year on April 1. To set yourself up for future success, I’m sharing some important information for employers, including some of the key changes that may impact your FBT obligations. Let’s start with a quick refresher on FBT. FBT is a tax paid by employers on certain… Continue reading Getting obligations right this fringe benefits tax year
Everyone loves pets or they should – they bring a new dimension to living. Lots of people have cats or dogs but you can have a pet rabbit, guinea pig, rat, mice, bird, lizard, turtle or tortoise but avoid a pet crocodile. Life is better with a pet but they can’t care for themselves… Continue reading PURR-FECT PET FRANCHISES ARE DOGGONE POPULAR
By Helen Kay, Franchise Lawyer & Principal, Rise Legal Franchising continues to be one of the most popular ways for Australians to enter business ownership—with the promise of brand recognition, systems, and support. But joining a franchise system isn’t just buying a business—it’s entering into a long-term legal relationship that comes with significant rights and… Continue reading What Every Aspiring Franchisee Should Know Before Signing
“ I luv my dog as much as I love you” – Yusuf Cat Stevens (1971) one of his first songs released. He had a great sense of awareness I think, about how much easier it is to love your dog than a human, no argument here ! Of course there is nothing… Continue reading Pets and Franchising: The Pet supplies, accessories, pet care and training sector
As you would be aware, the Franchise Code of Conduct (‘Code’) has been amended, again, and by the time you are reading this article the new Code is now in force. I will try and summarise the changes, very crudely, in 5 points: No more Key Facts Sheet. Repetitive and not helpful.… Continue reading DO ALL FRANCHISED BUSINESSES NOW COME WITH A GUARANTEED ROI AS A RESULT OF THE 2025 FRANCHISE CODE OF CONDUCT AMENDMENTS?
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
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
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
The number of mobile franchises in Australia and New Zealand has expanded considerably over recent years. By mobile I mean where the business is conducted from a van. There are franchises that are mobile because they have to be. For example, there are pool valet services, electrical or plumbing services, couriers, and cleaning. There… Continue reading MOBILE FRANCHISES ARE EXCITING