There’s a lovely word that I learned that I came across it recently – “Schlimmbesserung.” It’s a German word. And what it means is you can work on something to the point of the optimum when you put more work into it, it actually it becomes less than optimum. You shouldn’t put too much into … Read more

So it’s not all wine and roses. In some respects there are what some people perceive as disadvantages. Loss of Autonomy You know, you have to lose some of your autonomy. No longer can you just chop and change and make decisions at the drop of a hat and change the rules. You’ve got a … Read more

Let’s look in some of these aspects. Working Capital A big advantage of franchising, there is an initial outlay, yes, but that’s fairly limited, I think, in terms of what you can spend in a business today, is that you get working capital. So for franchisors, you really have very little in the way of … Read more

Recruiting new franchIsees An Example of how we went about it Moving on to recruitment, I mentioned earlier about Peter Bassett with his group and how his first franchisee was an employee and then, once that was established, he went on and sold other outlets to new franchisees. So that’s the evolution he used to … Read more

How many franchises could you grow across Australia Just consider this. Location Total Year One Year Two Year Three Accumulative Sydney 35 Melbourne 28 Brisbane 19 Perth 12 Adelaide 8 Country 20 Total 120 Example city 19 4 9 3 16 These figures are from Peter, but approximately, if you’re thinking Brisbane, you can put … Read more

I mentioned earlier Annette Corrie who came and presented in our workshop a while back and we were able to film her talk and her background. She’s going to share a little bit of her history. Annette Is someone who’d never been in business before opening this one. Her family and her friends, who’ve never … Read more