#Franchise
The fitness franchise that’s punched up during the pandemic
Boxing and strength-focused fitness franchise 12RND Fitness has 18 more locations set to launch in 2021. We chat to Co-Founder Tim West…
The secret ingredient of a successful franchisee
By Aaron Smith, KX Pilates founder Many in the franchising industry believe that you shouldn’t recruit franchisees with zero business experience. Here’s why I think business experience matters less than you think. There’s a standard list in franchising that outlines what traits potential franchisees should have and ‘past business experience’ or ‘business acumen’ is often […]
Entrepreneur profile: Selling 3 thriving franchises to create own brand
Ben is the owner and co- founder of Flow Athletic, an incredibly successful yoga and fitness studio based in Paddington. In 2015 Flow Athletic won the Telstra Small Business of the Year Award. After playing rugby professionally for Cronulla Sharks, Ben went on to own three very successful personal training studios. This earned him a healthy profit of $10K a week, but he […]
6 tips for building millions in revenue
Former HR Manager, James Trenerry turned a $40,000 debt into a successful KX Pilates franchise enterprise, generating a revenue stream of $2.5 million. Here are his tips for business success. Define your vision A clear vision and strategy is essential to reach your goal This sets the tone for your business direction, objectives, and […]
Expert Robert Bryden shares his legal tips for franchisees
Australia is thriving with over 1,300 franchise businesses in a range of industries, earning over $181 billion dollars in revenue and continually growing. [1] In recent times, however, more franchisees have found themselves in a dispute against their franchisor. These problems generally arise for one of two reasons – either the franchisee has not been advised […]
Don’t be afraid to shake things up
Don’t keep doing the same thing and expect a different result.
The four pillars you need to start a franchise
Top tips to turn your business into a franchise.
Why millennials are the future of franchising
It’s no secret that millennials have developed a bad reputation, particularly when it comes to the workplace. Baby Boomers and Gen Xs tend to have a not so complimentary view or the younger generation – but could these millennials have more potential than first meets the eye? [Related: How to transform franchisees into entrepreneurs] Typically […]
Want to get more out of your business by doing less? Tips for budding franchisees
There’s a common misconception in the small business world that being your own boss means you sacrifice a healthy work/life balance. While putting in extra hours can be important, particularly in the early stages of your journey, there are certain tricks and systems you can put in place to ensure your business will thrive in […]
Franchising: a secure, flexible career refresh
The recently released Franchising Australia Report from Griffith University tells a positive story for franchising, and particularly the retail sector. The report revealed there were 1120 business format franchisors in Australia last year, and despite the flat economic environment we’ve been operating in, franchise brands have grown. This has subsequently led to increased sales turnover […]
From humble eatery to $40m franchise: Rolld’s CEO discusses his business’s rapid evolution
Beginning life as a small hawker-style eatery in Melbourne’s CBD, Rolld has rapidly evolved over the course of four and half years into a booming national franchise. While it’s growth rate (2122% since launch) may seem remarkable for what was initially a self-funded start-up, co-founder and CEO Bao Hoang isn’t surprised by Rolld’s success. He told […]
Thinking of starting a franchise? Here are three characteristics you’ll need to succeed
Recent research from Griffith University’s Asia-Pacific Centre for Franchising Excellence shows there are an estimated 70,700 business format franchised units in Australia. That’s thousands of Australians enjoying a rewarding and fulfilling career in franchising. Although franchising can sound like an attractive proposition with significant financial and lifestyle benefits, it’s not the right fit for everyone. Before […]
Must-haves that lead to growth in business
Business can be a funny beast. One minute you’re hard at work running your business a certain way and then, seemingly out of the blue, a potential new direction presents itself. A number of incidental circumstances can lead to these turning points. It could be that a customer need sparks the idea for a new […]
Don’t rely on turnkey solutions and last year’s answers, new business owners warned
The steps prospective startup founders and franchisees must take to hit the ground running, and the common mistakes they should avoid, were revealed to Dynamic Business in a recent Q&A session with Dan Newton, the CEO of Snap Fitness Australia. Since joining Snap Fitness nine months ago, Newton said he has made it his mission to transform the company’s internal processes and […]
Here’s to the business owners who aren’t founders
We celebrate the start-ups that grow their businesses to great success, and we recognise the visionary business owners who inspire us with their dream and do things differently. But what about the business owners who did not start the business and are running with a vision set by someone else? I’m talking about the franchise […]
Different Ways You Can Expand Your Business
Business is good: that thought is music to the ears of many business owners. When things are going right, it’s hard to ignore the money rolling in hand over fist. Yet, just because a business has tasted a modicum of success, this does not mean that it is time to relax. When a business is […]
Getting started and keeping on track with a franchise business
Opening a franchise is an appealing option for those who want to own a business, but getting started can be daunting. With a franchise, you’ll receive the support of a franchisor so you won’t have to worry about starting from scratch or jumping over obstacles traditional startups face. Here are eight important tips to ensure […]
Key tips for growing a franchise business by Anytime Fitness CEO, Arthur McColl
The Australian market has recently seen an untraditional wave of franchise business models, allowing companies to enter the market quickly with low set up costs, and grow rapidly within just a few years. One of the key players here is the ‘low staff’ business model, used widely across the health and fitness industry with the […]
How one mobile coffee van expanded into an international fleet of over 200
For a new business start-up, the cost and complexity of staff, landlords and rent is all but part of the package. Then comes the question of location: who are your customers, will they come to you and how many competitors are already in the area? But what if your business was mobile – what if […]
7-Eleven says model not “dependent” on underpayment and will repay staff
After a joint investigation by Fairfax and Four Corners uncovering widespread underpayment of staff by 7-Eleven franchisees, 7-Eleven has said in a statement that it will pursue franchisees to repay money owed to present and former staff. Chief Executive Officer, Warren Wilmot said “the viability of the 7-Eleven system is in no way, never has […]
Three mistakes people make when starting a business
Whether you’re taking on a franchise, buying an existing business or establishing a start-up, starting a business comes with a never-ending list of challenges and, while each business is unique, there are a few common mistakes that people make when starting out. 1. Trying to ‘do it all’ Your business is very much like your […]
Cleaning company fined $500,000 for offences
A Melbourne cleaning company has been fined half a million dollars in proceedings by the ACCC.
The 5 legal issues to watch out for when investing in a franchise
Choosing a franchise over owning an independent business should provide you with constant back up and support. However, this doesn’t mean that you need to wash your hands of the legal and financial implications.
How to start an SME in the home improvement industry
The home improvement industry is one arena in which a skilful and tenacious Australian entrepreneur may be interested in starting a vibrant SME.