Seven common mistakes made by franchisees

Posted by Carolyn Dufton on 30 March 2016
Seven common mistakes made by franchisees
1. Not seeking expert advice prior to entering a franchise If you were proposing to buy a property for a large sum of money, you would almost certainly engage a professional to carry out a pre purchase inspection and report. Hopefully you would heed the advice provided and act accordingly. It is astonishing that there are franchisees who do not speak to an experienced franchising adviser prior to spending in some cases, tens or hundreds of thousands on a franchised business. They e...
Posted in: Franchisee Franchising  

Should my franchise system be reviewed? Is it outdated?

Posted by Carolyn Dufton on 7 October 2015
Reviewing franchise systems on behalf of potential franchisees is a regular task for me. Something that has become apparent to me is that franchise systems need to be reviewed on a regular basis. I see many outdated needlessly complicated franchise systems that need a complete overhaul. As a franchise system grows, business methods, marketing strategies, territory selection and distribution methods need to be revisited. A franchise system is usually developed at the point of zero fra...
Posted in: Franchising  

The updated ACCC disclosure document

Posted by Carolyn Dufton on 21 September 2015
If you're a franchisor and you've been delaying updating your disclosure document, well I'm sorry to tell you that your  time is up. From 31 October 2015 all franchisors are required under the 2014 Franchising Code of Conduct, to supply the updated version of the disclosure document to new franchisee prospects and to existing franchisees who wish to have the new version for their records and information. Remember that according to the code, if an existing franchisee requ...
Posted in: Franchising  

Is franchising a business hard? and is it expensive?

Posted by Carolyn Dufton on 14 September 2015
Is it hard to franchise a business?.and is franchising expensive? Well apparently so according to some franchising consultants and lawyers. Franchising is a bit like the wedding business mention the word wedding and the price doubles. Mention the  word franchising and depending on who you're talking to you could get a very nasty price shock. We recently spoke to an overseas client who was looking at franchising his business in Australia. There are obvious pre franchising ad...
Posted in: Franchising  

Franchising tip of the week 16/07/15

Posted by Carolyn Dufton on 16 July 2015
There are enormous benefits to be gained in a good franchise system.


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Posted in: Franchising  

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