Why Lawyers Are The Last
WHEN FRANCHISING A BUSINESS, YOU CAN’T WORK OUT THE MYRIAD OF DIFFERENT ITEMS TO BE CAREFULLY DESCRIBED IN ANY MEANINGFUL FRANCHISE AGREEMENT, UNLESS YOU KNOW HOW A FRANCHISE GROUP IS GOING TO WORK.
The Pros and con of a Mobile vs a Bricks and Mortar Franchise
At any given moment there are thousands of people across the world looking at buying a business and many of those will be looking at a franchise. There are as many types of franchises as there are businesses.
Is your franchise value for money? Here’s 5 ways to check
Working out whether a prospective franchise will be a worthwhile investment is an important step before deciding to take the plunge. Is your franchise value for money? I’ll answer that question with another. What is franchise value? It’s a really good, and complicated question. Good, because you need to determine if it is good value … Read more
How to sell franchises: 5 key points
Does your franchise offer stack up? It’s crucial in a highly competitive market to ensure your franchises are set to sell. How do you measure this? The exercise will be quite different for a greenfield outlet and an established one. This is because of every accountant’s pet hate – goodwill – and its impact on … Read more
Simplify the System
It’s amazing how your business grows when it becomes structured and simplified. Sandra and Simon Allars are our clients…
February Newsletter
The world changes and we have a choice: Fight hard to keep it the way it was. Notice what happened and then decide to do something with that insight. Thirty years ago, AOL was my company’s biggest client. They charged users $3 an hour to use their precursor to the internet, and paid content providers … Read more
Pros and Cons
The reality is one of the big restrictions for people in business is they don’t have the capital to grow and that’s a challenge…
What are the five biggest mistakes that most people make when franchising?
In my mind, the following franchise mistakes all come under the umbrella of not understanding what a franchise is all about. Mistake One Thinking the existing business will form the franchise outlet and only getting a legal agreement and operations manual based on that. Invariably, to be successful as a franchise, you are going to … Read more
Does franchising change when you’re taking on franchisees from other states or countries?
Expanding interstate or internationally definitely has different requirements which need to be accommodated. There are a number of things to think about and it definitely helps to be open-minded and flexible to change. Read on to learn more about taking franchisees from other states or countries.
Identifying & Overcoming Barriers to Growth
Over 35 years in the franchise industry, watching many new and very experienced groups succeed and fail – my own among them – I’d say the commercial barriers to growth in a franchise network boil down to four things: Your product over time Your people and the money Service first, always Systemise and delegate The … Read more