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Are you keen to sell more franchises to expand your business? Selling franchises involves many of the same principles that apply to any type of sales and marketing.
Whether operating as a franchisor or franchisee, franchising can give you the opportunity to be your own boss and to call the shots.
But it’s also important to take a balanced approach to your business. For example, it can be easy to enter into franchising armed with enormous drive and determination, only to find yourself feeling burnt out down the track from poor management of the business or from overdoing it.
The federal government’s latest budget contains plans to phase in substantial changes to business taxation rates, for both companies and unincorporated businesses. Here’s a brief rundown of the main changes.
The HR Dept, a successful UK franchise and member of the Franchise Council of Australia, is looking at moving into the Australian business market.
Franchise Business reports that the company’s aims are to find a joint-venture partner with human resources expertise who would become the holder of the master franchisor agreement for Australia, and sign up more than 100 territories down under
The Melbourne Franchising and Business Opportunities Expo has been hailed a great success by organisers and attendees alike. Held in August as part of the Small Business Festival Victoria, the expo featured free legal and financial advice for new businesses, free seminars, more than 100 exhibitors, and panel sessions with successful franchise companies, as well as demos, videos, and product tastings.
Good training of franchisees is in everyone’s best interests in a franchised business – after all, your success depends on theirs!
Training helps franchisees increase their skills, competency, and overall chances of success. As the franchisor, you also stand to benefit because sound training helps to maintain reliability, quality and brand consistency across the franchise system.