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
Companies are increasingly embracing new digital technologies and automation tools, allowing professionals to focus more on strategic, innovative and customer-focused work.
Companies that are voted ‘best place to work’ or an ’employer of choice’ value foster connection among their teams, colleagues and employees.
The South Australia government and the Australian Energy Market Operator have hailed the success of the state’s solar and battery virtual power plant.
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…
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.
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…
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.”
Smart Tech from Peter Diamandis:
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?
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
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.
Some Tips and Insights You May Find of Value
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.
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
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
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.
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,