Franchising
Regulatory changes to the Franchising Code of Conduct will force franchises to be up-front with their franchisees. The amendments are expected to improve long term industry sustainability by reducing disputes between franchisors and franchisees. “Prospective franchisees will have greater access to better information before signing on the dotted line,” says Small Business Minister, Fran Bailey. […]
Buying into a franchise can be a rewarding business decision – but with so many franchise systems out there, how do you go about choosing the best one for you, and then funding it? Rebecca Spicer investigates From dog washing and home maintenance to juice bars and fitness gyms, the list of franchise models in […]
Buying into a franchise can be a rewarding business decision – but with so many franchise systems out there, how do you go about choosing the best one for you, and then funding it? Rebecca Spicer investigates From dog washing and home maintenance to juice bars and fitness gyms, the list of franchise models in […]
In the coming months, we will take a comprehensive look at franchising. To guide businesses through the process, we talk to experts in the franchising industry – Here, in the first of our special features, we look at how to determine the right time to franchise your business. It is common for owners of successful businesses […]
New Australian research into the motivating factors of franchise buyers shows the food industry receives the most amount of interest, with 21 percent of prospective franchisees wanting to own a food franchise. Conversely, the biggest decline in interest was for coffee based franchises, with only seven percent of respondents wanting to buy compared to 11 […]
Regulations to boost transparency in the Franchising Code of Conduct (the Code) and increase the quality and timeliness of information provided to franchisees were tabled in Parliament today. These changes follow the review by Graeme Matthews of the disclosure provisions of the Code. It focussed on improving the 'up-front' information provided to current and prospective […]
As a way of developing your business, franchising has a lot to offer – But, Cameron Bayley finds there’s a lot involved before and after you hand over your processes to a franchisee. A quick look online at what franchises are currently for sale in Australia brings up businesses such as photocopy centres, dog washing and […]
If you're considering Buying a Franchise or even Franchising Your Existing Business, you'll find a wealth of information and resources to help you make the right choice. Dynamic Business and our Partner MAUS help you make the right choice when buying a franchise. For more information or to purchase our Buying a Franchise Guide please […]
Franchising is a popular choice with Australians wanting to buy into a business that has structure and a proven track-record. But is this the right choice for you? Domini Stuart considers the risks, benefits and grey areas of franchising. If you’re thinking about buying a franchise, you won’t be stuck for choice. Per capita, we […]
Retail has dominated the franchise industry in recent years, but Rebecca Spicer finds service industries are getting in on the action as the franchise sector becomes increasingly more diversified. Australia’s $128 billion franchise industry accounts for 14 percent of G.D.P. and is growing, according to Richard Evans, CEO of the Franchise Council of Australia. “Australians […]
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In the wake of research released about the lack of protection for franchisees when the franchisor becomes insolvent, Adeline Teoh takes notes on each side of the debate and looks at a case where such a collapse cost a franchisee her business and personal savings. Often thought to be less risky than most business ventures, […]
Is franchising the way to go? That depends, on the way you go about it – Monica Higgins takes a look at some of our most successful models to find out what they’re doing right. In the 1800s, Governor Lachlan Macquarie started an Aussie trend. Well before chain stores, internet marketing, and the wonders of low […]
Despite the possible benefits for your business, knowing the best time to franchise or buy into a franchise can be difficult. Bill Lockett and Greg Nathan examine important steps in how and when to go about it. Franchising can be seen as the most functional method of achieving predetermined commercial objectives through the voluntary cooperation […]
Want to buy a franchise? Track record is only a guide to the future, it doesn’t underwrite it. Dennis Mattiske explains pitfalls and options, and how to research, plan, and find the best mix for financing the venture. A company considering expansion by franchising needs more than a strong business track record. It must also […]
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