Advice for franchisors: Treat franchisees well
Ever hear of the Filet-O-Fish sandwich? Or the Blizzard frozen treat? Both were invented by franchisees – not the parent company.
Ever hear of the Filet-O-Fish sandwich? Or the Blizzard frozen treat? Both were invented by franchisees – not the parent company.
Thinking about buying a franchise? It’s not for everyone. Columnist Jeff Elgin says these personality types are most likely to succeed.
Get Threaded founder Liz See has been working to release her unique ‘brow bar’ franchise concept across Australia and New Zealand since 2009, launching with just $5000 in the bank. The first of her Master Franchisees opened for business this month, and See is reflecting on how she got the concept off the ground.
The Australian Cafe2U franchise has signed its first American franchisee, with Katie Luelling to begin operations in Bend, Oregon.
Three Cold Rock Ice Creamery stores in Queensland have been placed into administration after being taken to court for breaking their franchise agreements.
7-Eleven is celebrating the achievement of two important milestones this week, having just opened its 500th branded store and converted its 100th Mobil retail fuel sites since acquiring the business in October 2010.
With small businesses often facing issues obtaining financial support from major financial institutions, Snap-on Tools has implemented a new credit program aimed at assisting prospective franchisees by allowing it to finance the start-up costs of a new franchise for an initial investment by a prospective franchisee of a minimum of $37,000.
While buying a franchise can sometimes seem like the safest, easiest route into small business ownership, as with anything, there are always risks. Make sure you weigh it all up before you sign on the line.
Franchisor performance is now measurable globally, enabling Australian franchisors to compare their model across a range of key performance indicators (KPIs) against other franchises.
A new Franchising Code of Conduct will be enforceable under law today, with franchisors forced to comply with new franchising laws by the ACCC.
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