Franchise Snapshot – December 2019 Edition
Hope you and your business are doing well.
Here's the December 2019 Edition of the Franchise Simply Newsletter
First Things, First
Domino’s recently surveyed more than 8,500 customers and found old phrase ‘love thy neighbors’ is a thing of the past, with people seemingly more disconnected than ever before.
Working capital is what makes the business world go round. It’s at the heart of every thriving enterprise, from fintech start-up to craft brewer. A barometer of financial health. A key management tool.
As a leader of your organization, the last thin you want to do is make a decision that could severely impact a stakeholder, or cause the business to suffer a financial loss.. Here are 6 factors for you to consider…
Managing a franchise’s supply chain is not an easy task, but that doesn’t mean that there aren’t several time-tested solutions that will help you minimize costs and maintain stellar productivity and efficiency.
Never rush to sign unless you’re satisfied you’ve negotiated the best deal. When it comes to franchising and leasing, the documents you sign will govern your business dealings for many year to come..
According to ACAS, Bullying is defined as ‘offensive,intimidating,malicious or insulting behavior,abuse or misuse of power. Harassment , defined by the Equality Act 2010, is regarded as any form of behavior that makes an individual feel intimidated or offended.
According to the company, the AB5 is “the world’s smallest and most powerful jet-powered drone with vertical take-off and landing (VTOL) capabilities.”
So You Want to Get Into Franchising?
While franchisors must create a profitable brand and business model that can be easily replicated,franchisees must help maintain brand reputation in order for it to retain its value.
Research and due diligence are the heart of good preparation for a franchise purchase, and it’s no different when prepping for the franchise finance aspects. Here are five finance essentials you need to consider and action…
So you’ve got yourself a handful of employees who just aren’t getting the job done or maybe they aren’t getting it done fast enough. Here are five simple strategies to turn your unproductive employees into company superstars…
Business leaders have a critical role to play in looking after their teams mental health by driving these initiatives as well as encourage open communication and positive relations within their team,all of which are integral to creating cultivating a positive working environment that places their employee’s well-being front and center.
Some Tips and Insights You May Find of Value
Guru Brian Walker tells us the second golden key rule is to gain a comprehensive understanding of your lease proposal. Knowing the key terms and conditions of your proposed lease thoroughly is the next stage of research.
Have you heard about the impact your light environment has on you is a serious concern, and why the BIG SECRET to keeping your energy boosted is getting natural light into your system in the morning, lunchtime and sunset… a magic podcast from the wonderful Carla Maree Simpson
In franchising, the importance of the relationship between franchisor and franchisee can’t be overstated. If you’re new to the industry on either side of the aisle, it’s essential to understand what these relationships entail.
As a small business owner, the survival of your business depends on the way your money moves. Understanding how cash flows in and out of your business gives you the power to grow strategically.
Something You Might Want to Read
This issue of Business Franchise follow on Laser clinics Australia, Essential ways to influence customer experience through people and special feature on health,fitness and beauty.
The issue of Inside Franchise Business follow on loving the lifestyle-five franchisees share their good news stories,Bubbling you-Why tea is more than a tasty brew, Hire a hubby nails hat-trick Handyman brand triumphs in awards.
For Your Diary
Dates have been announced for the Franchising&Business Opportunities Expo 2020
Sydney :20-21 March at ICC Sydney, Darling Harbour
Perth: 3 May at Crown Perth, Burswood
Brisbane: 19-20 June at Brisbane Convention & Exhibilition Centre, South Bank
Melbourne: 21-22 August at Melbourne Exhibition Centre, South Wharf
Remember you can drop into our News section from time to time and keep up with the latest interviews– there are some gems being added every couple of weeks. And you can speed up the reply with Enounce ‘My Speed’
I hope you enjoyed this.
To your success,