The reason that Franchising in the Home Services industry has blown up
As a franchise consulting firm with over 50% market share in Australia we have a very close view on the franchise sector through the brands that we assist launch into franchising and through the recruitment services we offer. We have seen a significant increase in the number of home service franchises entering the market and […]
Prior to Investing in a Franchise, Interview Existing Franchisees
One of the most important steps in your journey to find the ideal franchise opportunity is what’s known as validation. Validation refers to the process of interviewing franchisees who have bought into a concept that you have expressed interest in. It is during the validation process that you gain the most insight into whether a […]
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 […]
Emerging Franchise Brands – A Franchisee’s Guide to Assessing the Business Opportunity
Just because a franchise brand is new to franchising doesn’t mean that their business is new. To franchise a business, there must be a proven business model that has worked and that can be replicated. These emerging franchise brands may have perfected their operations and business model, but they will typically not have experience as […]
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 […]
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 […]
These Are the Musts for the Franchise that You’re Considering Getting into
Top 10 Traits of Successful Franchisors A proven business modelThe business needs to deliver a fair ROI that is as competitive or more competitive than othercomparable franchise opportunities. The business needs to have traded and demonstratedsuccess, ideally across multiple locations.The size of the network or the age of the business does provide a longer history […]
Find, Keep and Grow the right customer
Marketing and Sales “Good marketing makes the company look smart. Great marketing makes the customer feelsmart”.– Joe Chernov. One of my clients has built a $10 million dollar business in just over 2 years with a marketing budgetof just $200 a week, and next year their business will turnover of more than $20 million dollars. […]
