Franchise Contracts: Are they Negotiable?

We often are asked this question by budding first-time franchisees, especially those considering emerging brands. The reality is, the vast majority of franchisors are not open to negotiating their franchise contracts. It is advisable to have a lawyer with franchise experience look at any potential franchise contract and give you an honest assessment about which […]

Franchising through the Ages – A Generational Perspective

Times are changing and things are moving quicker than ever before, never has that been more evident than in the case of business ownership and entrepreneurialism. I don’t know about you, but I get confused about generational labels being used and what they actually mean, as if these labels weren’t confusing enough to keep up […]

Meet Rahul Malik- Director of Franchise Ready India

1. Why did you join the Franchise Ready network? I have been in touch with Doug for more than a year and was amazed with the systems and processes that Franchise ready has created. I was an independent franchise consultant and becoming Franchise Ready franchisee has given me access to expert guidance, proven systems, ,network […]

People always need to eat, so a Food franchise has to be good, Right?

People think food businesses look easy. After all, we all eat, and lots of us cook food, so it shouldn’t be that hard. They look like businesses that practically anyone can operate and make massive amounts of money in. After all, everybody eats and drinks, right? How hard can it be to operate one of […]

IS FRANCHISING JUST BUYING YOURSELF A JOB?

Business Ownership versus Self-employment “Every business owner is self-employed, but not every self-employed person is a business owner.” —Doug Downer Around 16% of the world’s eligible working population get into business ownership, and they do this for several reasons: it may be to be their own boss, to take control of their life and future, […]

Meet Tim Horbury -Director of Franchise Ready SA

1. Why did you join the Franchise Ready network? Owning a franchise business can be both rewarding and terrorising, I bought my first franchise in 2019 prior to relocating back to Adelaide after 12 years working in the sector in Sydney. My first franchise was bought with the knowledge that franchising was a great way […]

THE FOUR-LETTER F-WORD

Have you got the guts? “I never get the accountants in before I start up a business. It’s done on gut feeling.” —Richard Branson I remember attending a sales training session where the facilitator posed the question, ‘Do we, as human beings, desire pleasure or the avoidance of pain?’ Having not heard that before, I […]

HAVE YOU GOT THE GUTS?

The 2020’s saw a significant change in the way we live and the way we do business and it got me thinking about how this has impacted franchising. The phrase 20:20 hindsight is relevant to the new world we are experiencing. This expression comes from the way people describe good vision. A person with normal, […]

What does it mean to be Franchise Ready?

What does it mean to be Franchise Ready?

Being Franchise Ready is relevant whether you’re considering franchising your own business or becoming a franchisee of someone else’s franchise network. Every business should be franchise ready. Not every business should or will become a franchise, but every business should be ready to franchise. This forces a business owner to systemise and remove the dependency […]