Franchise Snapshot – May 2018 Edition
To update you on everything about franchising here’s the May 2018 Edition of the Franchise Simply Newsletter
First Things, First
Recent News You Might Enjoy
The tutoring segment is growing fast, and franchises are in there offering alternatives that can lead to a brighter future for Australia’s children.
KFC expansion in Australia has helped Restaurant Brands achieve a 36 per cent boost in its full year profit.
The New Zealand based group revealed its profit for financial year 2017 reached NZ$35.5m thanks to its domestic market and the growth of its KFC restaurant chain in Australia.
So You Want to Get Into Franchising?
Advice to help you know what franchising is all about and why it's right for your business
More and more mobile franchises are coming onto the market, such as a business flying drones, or one taking mobile video games to kid’s parties. What’s appealing to franchisees is the lower cost of entry, along with not having the hassle of a retail lease.
Some Tips and Insights You May Find of Value
Becoming one of the first Australian franchisees of a successful international brand is an immensely exciting prospect.
However, when signing up to an international franchise, there are issues that must be considered, over and above the usual questions that must be asked by every prospective franchisee.
In the world of business and entrepreneurial opportunities, each person needs help towards achieving success.
Bizversity is one of the stepping stones that helps business owners attain their goals for their business. Read on to find out.
The use of email has become a staple whenever we want to reach out to loved ones or try to connect with our business/work peers. This productivity medium, though as simple as it may seem, says a lot about us than we already know.
Our email sign-offs in particular can be an indicator of how we handle things professionally. Read on to find out.
Buy a franchise and you’ll be signing up to operate a business for a set period. How does it work?
A franchise agreement is a binding contract that commonly has an expiry date. While there may be the choice to sell early, or to renew the agreement for a second term, any business plan and financial strategy should be based on the period of the franchise agreement.
How did retailer Sally Cantwell find a fresh career as an endota spa franchisee?
“I had a boutique in Crows Nest for 10 years and loved every single minute of it,” says Sally Cantwell.
Something You Might Want to Read
Investing in a business can be one of the largest investments, and biggest risks of your life. Going in uninformed makes no sense when for a very small amount of money, you can be looking at the type of information you need to make the decision, and have a reasonable discussion with the Leasing Agent if you are going into a Shopping Centre.
For Your Diary
Our next Kickstart Franchise Weekend Workshop is on June 16th & 17th and the next is on the 8th and 9th of September. If you’ve not attended one yet make sure you attend this one. IT’S A MUST! See what members Kevin Scrimshaw, National Drones, Melbourne and Simon & Sandra Allars, Soothe Mobile Massage, Melbourne had to say. And remember, these workshops are internationally accredited and include points towards the FCA’s CFE program.
The Franchise Simply team are taking a well-earned break from 21st December until 8th January and we wish you all a wonderful Christmas break and a hugely successful year ahead.
I hope you enjoyed this.
Remember to drop into the Franchise Radio Show area of our website where you can find a great selection of our interviews, with new ones being added regularly. And don’t forget you can speed up the replay with Enounce ‘MySpeed’. Incidentally, our members get exclusive access to 75+ of these and 1:1 mentoring with me and our team of ‘franchise savvy’ experts as well as numerous videos, operations manuals, guides, webinars and lots more…
I hope you enjoyed this.
To your success,