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The Franchise Disclosure Document is an essential document to help you assess a franchisor’s finances. However, some franchisors are unable to fully disclose their financial information and projections to avoid misleading a potential franchisee. You can hire a franchise consultant, run a credit...
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As a $146 billion industry in Australia, franchises are a great investment option to begin your journey as an entrepreneur. What makes a good franchisor? The most important success factor is studying the franchisor, their brand, marketing, training and agreement and how these components work...
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The right management and the right staff are two cornerstones! Staff members play a very important role in making any franchise business successful. So, appoint the staff carefully and manage them properly to ensure quality customer handling. This will ensure customer satisfaction which is a...
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One of the other deciding factors when analyzing whether a business is ripe to franchise, is the personality of the business owner or owners. Is that person a natural leader? Does he or she have the characteristics to manage a franchise chain? From perhaps dealing directly with your products and...
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Evidence shows franchising has extraordinary opportunities for family businesses, enabling them to grow into multi-million dollar assets. According to a recent PriceWaterhouseCoopers report franchises have seen average annual revenue growth of 10%. But this is not a new phenomenon – one well-known...
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