The Forecast of Franchising
Franchising has been defined by the Franchise Council of Australia as “an innovative method of distributing goods and services – providing small business with the tools of big business”. So what is the current profile of this business format and where will it lead? A 2016 report conducted by franchising experts sponsored by the Franchise […]
What is Vendor Finance for the Sale of a Business?
Vendor finance happens when the person selling a business also funds part of the purchase price. The buyer pays an initial amount upon settlement, and the balance (including interest) is met over an agreed period of time with regular repayments. Using vendor finance in the sale of a business can present various risks. It can also […]
Spotlight on Booming Small Business Industries
One of the biggest financial decisions you make in your life is buying a business. Thus, it is important to understand the trends of different industries if you’re looking to make buying a business the next step in your career. Research is needed to make an informed decision into which industry is right for you. […]
How to decide what you want in life (and business)
FEATURE ARTICLE by Allan & Barbara Pease Most people struggle with questions such as ‘How do you define success?’; ‘Who do I want to become?’; ‘What do I want to experience?’; ‘What assets do I want to accumulate?’ Everyone knows the feeling of having an inner urge to do something that excites you whenever you […]
FCA Announces Aussie Company Worth Their Salt Globally
Franchise Council of Australia would like to congratulate David Lindsay, founder of Australia’s Salts of the Earth for being awarded second place in the International Franchise Association’s NextGen competition for their bespoke business model in the salt therapy health industry. Bruce Billson, Executive Chairman of the FCA was very proud of David representing Australian franchising […]
Baby Boomers – A Challenging Time Ahead in Business Sales
A lot of planning and preparation goes into preparing a business for sale. Some small business owners are having to re-visit their timelines when it comes to selling; often a lot more time and research is required to get a business sale ready. The graph below shows the gradual decline in earnings of small businesses […]
8 Key Considerations When Small Business Budgeting
All small businesses should track where their money comes and goes. Budgeting, often a painful and tedious exercise, is crucial to ensuring your business can make ends meet. We set out below some key points small businesses should remember when organising their finances. 1. Understand Your Budget’s Purpose Ultimately, a budget is more of an […]
How To Successfully Exit Your Franchise
When you’re ready to sell or exit from your franchise, there are several things to consider which can contribute to the success of your efforts. First, there are exit planning strategies you should consider: 1. An outright sale, when your franchise goes on the market and a purchaser buys it from you, lock, stock, and […]
The Best Option to Sell a Franchise Business
More than 10,000 franchise businesses change hands every year in Australia, approximately 15% of the total franchises in the country. One of the primary questions that comes up in these situations is how to go about the sale. Should the franchisee ask the franchisor for help with the sale or should they sell it on […]
The 9 Local Area Marketing Strategies You Need to Know
In franchising, there are generally two types of advertising and marketing strategies. The first, often referred to as ‘global’ advertising and marketing, is usually implemented by the Franchisor and is funded by the advertising and marketing levy paid by franchisees. Some examples include yellow pages, newspaper advertising, television, radio, point of sale (P.O.S.) posters, counter stands, […]
