It’s important for new franchisees to start off confident in their brand choice to avoid slipping down the slope to disappointment.
Business failure is rarely sudden. Mostly it’s a slow moving car crash, the result of a hundred little decisions that can often be traced right back to where you are today – investigating a business and thinking about becoming a franchisee.
In my 21 years of franchising at Poolwerx I have learned a lot about the art of recruiting for franchisees but one of the best lessons I received was in the value of personality profiling.
The reality of business and the tough economic conditions may result in inability to pay the bills when they fall due including the royalties due to the franchisor.
Want to know what you should consider before you buy a franchise? Who better to ask than another franchisee?
It’s what typical entrepreneurial dreams are made up of – identifying a niche market opportunity in an industry that you’re
Under the new Franchising Code of Conduct there is greater obligation and cost to franchisors to provide financial information. Franchisors now more than ever, need to get their financial houses in order.
Buying a franchise: what to know
Joining a franchise is an excellent way to get into business, but before you get to open the doors to your store there are steps to take to ensure your best chance of success.
You have more than 1160 franchised systems to choose from so how do you negotiate this minefield? Easy! Here are three tips to help you choose the right franchise system for you.
Franchisors should have already amended their franchise agreements to comply with the Code. If you have not done so it is not too late but your lawyer should immediately review your franchise agreement and any amendments required should be made as soon as possible.
Franchisors, are your staff doing enough training?
The recent suggestions that some 7-Eleven franchisees may be underpaying staff in a bid to survive in business have put the spotlight firmly on the viability of franchising as a business model.