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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