Franchises are not as easy to manage as they sound. People consider them a shortcut to growth, and in many ways they are that; but that doesn’t mean the road is easy or completely risk-free. In fact, maintaining a successful franchise business requires considerable amount of effort, time, and patience.At The Franchise Institute, we believe […]
As the owner of a franchise, you have to work very hard; after all, competition in this space is very high. You have to keep a tight rein on things and ensure that everything runs like a well-oiled machine. While it’s important that you run your business in a professional manner, there’s no reason why […]
Franchising is big business that can bring in big bucks too. Someone who is planning to venture into this space will find there is no dearth of opportunities. In a way, that’s a good thing as it gives you the chance to find something you would really like that fits into your budget. The downside […]
You can truly enjoy all the benefits of a franchise only if you purchase it wisely. There are nearly 80,000 franchised businesses in Australia, and this number grows with each passing year. However, about 80% of small independent businesses fail within the first 5 years of business.
According to statistics, Australia is the most franchised nation in the world, with over a thousand franchises that work successfully. This model has helped several businesses grow and expand in ways that are impossible without considerable financial backing and a large number of employees. However, it’s not easy to run a franchise business successfully; and […]
Every business owner wants their business to grow. They want the brand to expand and their revenue to increase, but this isn’t easy to achieve. Growth requires hard work and capital; and while business owners won’t hesitate to work hard, they won’t always be able to finance their venture. In such cases, franchising a business […]
Regardless of what type of franchise you have, online marketing is something you are bound to need. Today, social media is a very important component of any online marketing strategy and it’s not something you can avoid. Hiring someone to handle this for you isn’t always an option, especially if you are operating on a […]
If you want to be your own boss, the one way to do that is to invest in a franchise business. While you will find a significant amount of information on franchising online, you will need to actually know a number of things, before you take the dive, so to speak. These are the different aspects […]
Success at The 2016 Franchising Expo Wow what a busy weekend we had at the Sydney Franchising and Business Expo. There was certainly a lot to see from flavoured hot chips to drones. Apart from getting the chance to meet lots of people and talk about franchising what was most gratifying was to see so many […]
Many successful business owners hit a certain point where they need to expand their business. A business that can’t grow runs the risk of imploding. Unfortunately, expanding a business can be challenging, and for many business owners it leads to more stress, more work and requires more capital. There are a few options for businesses […]
Franchising is growing in popularity in Australia, and if you’re one of the many business owners who are starting a franchise, you’ll probably know how important marketing is. Even the best franchise in the world isn’t going to be a hit if nobody knows about it. The right marketing can increase awareness of your franchise […]
Anyone can set up a franchise if they want to, but not everyone will experience success. The question is why? What are the criteria that lead to franchise success? Let’s face it, some businesses and some people have what it takes to succeed in franchising and this gives them a competitive advantage other the rest. […]
Many of us have dreams of owning our own business. We opt for a franchise model because rightly so it offers some advantages over starting your own business venture from scratch. But buying a franchise per se is not a guarantee of success. It is after all still a business that you will need to […]
Are you thinking about franchising but don’t know where to start? Here at The Franchise Institute we can guide you on how to start a franchise whether your business has been
An estimated profit of $495 million for the year 2014-2015 and a 9.2 percent growth rate per year (as reported by IBISWorld statistics) – that’s how much the child care industry in Australia is expanding.
If you are considering setting up a franchise, it’s particularly important to be aware of the need to adequately protect your intellectual property.
The franchisee-franchisor relationship is unique in the working world. It’s not like that of an employee and employer, where the employer is considered to be ‘the boss’. In a franchise relationship, the franchisee is effectively their own boss.
The world of work is changing, and all enterprises including franchise businesses need to be aware of emerging trends and adapt accordingly.
What do you do when you realise you have a great opportunity to franchise your business, but have an unsuitable name and logo? Or when you
“Without continual growth and progress, such words as improvement, achievement, and success have no meaning.” – Benjamin Franklin Every business strives to grow to provide better
