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.
Independent hotels are signing up as franchisees with international chains in a bid to beat the competition; AccorHotels is on track to double its Pacific region netork of franchisees in just three years.
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.
Do you want to find out more about what’s involved in franchising before you buy a franchise? A visit to the upcoming Melbourne Franchising & Business Opportunities Expo is an ideal way to undertake some fast-tracked learning – and maybe find the franchise of your choice too.
The Leather Doctor adds franchise units
The hotels and accommodation sector isn’t traditionally a go-to franchising option. But of late the sector is enticing more potential
Poolwerx has scooped two awards in the Franchise Council of Australia’s Western Australia regional awards. Other winning franchise brands included Pack & Send, Price Attack and PRD Nationwide.
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.
You could buy a franchise, or you could set up your own business. What will it be?
Want to know what you should consider before you buy a franchise? Who better to ask than another franchisee?
Sandwich franchise chain Subway has launched a brand new promotional campaign that aims to link the brand with feelgood emotions and with the power to achieve.