Buying a franchise is rarely described as getting a bargain but it is possible to find an undervalued franchise if you are prepared to accept a higher level of risk in your business investment.
How can you improve your performance in one simple step? Team meetings can be a hassle or they can help your business processes. Bruce Myers, formerly CEO at Lenard’s, advocates daily meetings. Yes, getting together every day will improve your efficiencies, he insists.
When you buy a franchise in the service sector you may have a territory identified in the franchise agreement. What you need to know is how that territory was established.
If you work in the franchising sector, you will know that feedback between franchisees and franchisors is an essential part of the job. Greg Nathan has some tips for giving tough messages.
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.