Franchise Snapshot – November 2019 Edition

Hope you and your business are doing well.
Here's the November 2019 Edition of the Franchise Simply Newsletter

First Things, First

What's An Old Watch Got To Do With Sales? Ask Simon Bowen

There’s a story going around about a father who gives his son an old watch and asks him to go ans sell it…ready on for more

Eight Rules around Returns every Retailer needs to know

Think customers need to produce a receipt, or the original packaging, to return an item? Think again.

The Skills Young People Need for Future Roles

Companies are increasingly embracing new digital technologies and automation tools, allowing professionals to focus more on strategic, innovative and customer-focused work.

Selling With Neuroscience: How the Brain Influences Consumer Behavior

As retailers, we produced orderly rational campaigns believing that customers would make rational purchase decisions..

What's the Biggest Myth about Franching?

Craveable Brands chief Brett Houldin shares his Craveable Brands story and more

Supplier of the Year Win!

At the recent MYOB FCA Excellence in Franchising Awards on the Gold Coast, Cash Flow IT Group has been named Supplier of the Year.

3 ways to transform your Disconnected Team to one that Collaborates and thrives

Companies that are voted ‘best place to work’ or an ’employer of choice’ value foster connection among their teams, colleagues and employees.

South Australia Household Batteries keep lights on in Queensland after Coal Unit Fails

The South Australia government and the Australian Energy Market Operator have hailed the success of the state’s solar and battery virtual power plant.

The Benefits of the Franchise Model

Franchising provides benefits for both seller and buyer. For franchisees, benefits include: a higher chance to success than in a sole proprietorship; shorter time to opening; initial training and ongoing support; national and regional advertising campaigns…

Are Franchises a Good Investment

For the past five years, the average annual job growth in the franchise sector was 2.6 percent, nearly 20 percent higher than other businesses, the IFA says. While there are many factors to consider when making a career change and business investment, a franchise can help increase the odds of success.

Why Lawyers Are the Last- Expert Advice with Brian Keen

Building a franchise structure from a single business or concept is not quite as simple as it first appears. You need to understand the nuances first…

World- First KFC Drive- Through Only Outlet Unveiled

A franchise icon has launched a world-first Down Under this week, with the five lane KFC Drive-Through Only outlet official unveiled to the public.

Franchise Growth- "Didn't happen overnight"- Boost Juice Franchisee on his Journey from one outlet to 11."

“I had to be across everything and drive every dollar. I got to understand the business inside out.”

The 5 Golden Rules of Reducing your Occupancy costs: Rule#1

On average 91 per cent of retail is done in physical shops, and approximately 85 per cent of shops nationally reside in shopping centres.

Smart Tech from Peter Diamandis:

7-Eleven's Award Winning Fuel App reaches 2 million downloads

The 7-Eleven Fuel App uses a customer’s current location and fuel price data to allow motorists to find the best local fuel price at their five closest 7-Eleven stores. They can ‘lock in’ that price and redeem it at any 7-Eleven Australia fuel store within the next 7 days. If the price of petrol at the store is lower than what customers have ‘locked in’, then they pay the lower price.

So You Want to Get Into Franchising?

How to Franchise Your Business or Start-up

If you run a successful company that offers valuable products or services to consumers, you might want to open other locations to reach a larger audience.

Why You Should Buy a Franchise Instead of Starting Your Own

Franchise organizations offer structure for launching, operating and growing a business. Very few people have the natural ability or expertise to be efficient at all aspects of running a successful business

Pros and Cons of Buying a Franchise

The positive economic outlook for franchises has lured many would-be small business owners toward buying a franchise.Understanding the advantages and disadvantages of franchising can help you decide whether it is a good choice for you.

4 Budget Franchisee Market Tips

“You can sustain your brand presence with an affordable strategy plan that uses effective yet low cost tools,” Melissa Haywood

Some Tips and Insights You May Find of Value

What Are The Keys To Franchise Success

Making any business reach its full potential takes talent. If you’ve selected your franchisee well, your franchisor will be able to help you avoid any of the mistakes new, independent start-up business make. Here are some keys for franchise success.

8 Simple Ways to Manage Your Cash Flow As A Franchisee

A key part of running a franchise is to do with balancing the books. It doesn’t matter what size your business is, the same rule applies to all- manage your cash flow well if you want your franchise to thrive

New look for the Franchising & Business Opportunities Expo 2020

Visitors to the show will not only benefit from meeting franchisors and franchisees on the stands, but also from listening to experts and advisors speaking in the free seminar program…

Something You Might Want to Read

Business Franchise Vol 14 Issue 01 Nov/Dec 2019

This issue of Business Franchise follows on Turning customers into raving fans,making a business choice with a Franck Provost franchise, special feature of health, fitness & beauty franchises.

Business Franchisor Vol 7 Issue 03

This issue of Business Franchisor follows on what will franchise finance look like in 2020,curating and building a successful franchise model,

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,

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