Blog

What is franchising

Franchising is being in business for yourself, but not by yourself.  A successful franchise system depends on the partnership of complementary skills.  It is the ideal way to combine the ambition and commitment of the individual, with the proven success, corporate resources, systems and strengths of the large company....

Creating a Business Plan

Regardless of where you ask for money (your local bank or your Aunt Edith and Uncle Fred), anyone providing you with funds will want to know something about your business and how you plan to operate it.  In other words, they’ll want to see a business plan.  You should...

Are you cut out to be a franchisee?

We’re not going to tell you whether you should become a franchisee. That’s a personal decision. But we are going to ask you to look at yourself and answer the questions we have posed before you make your decision. You don’t need to score yourself; no one element is...

How to buy a business for maximum profit

Owning and running a business is probably one of the most rewarding and at the same time challenging endeavours that an aspiring individual may engage in.  To buy a business successfully, a prospective buyer needs to evaluate many factors and here we will outline what you need to know...

What is a Franchise?

Franchising is a system for expanding a business and distributing goods and services – and an opportunity to operate a business under a recognized brand name.  For example, KKP, a division of Kwik Kopy Printing doesn’t franchise spa services, and Hand &  Stone Massage and Facial Services doesn’t franchise...

Selling Your Business

There are many reasons to sell your business including everything from massive success through to health issues.  The key is to be as prepared as possible in order to achieve the maximum return.  The farther ahead you plan and the more informed you are about the sales process and...

Top Traits of a Successful Franchisee

1. Ability to Follow the System: A pure entrepeneur will constantly come up with new ways of doing things.  Franchisees prefer to work within proven systems using established procedures that are already in place. 2. Motivated by Results: A successful franchisee is willing to put in the long hours...

Final Considerations

WHAT IS FRANCHISING AND WHAT SHOULD YOU CONSIDER Welcome to our eighth and final article in our series, What Is Franchising and What Should You Consider. We hope you find the information valuable. FINAL CONSIDERATIONS You likely now have a good knowledge of yourself and your chosen industry. You...

Get Advice

WHAT IS FRANCHISING AND WHAT SHOULD YOU CONSIDER Welcome to our seventh article in our series, What Is Franchising and What Should You Consider. We hope you find the information valuable. GET ADVICE Seeking independent advice on any new business structure is a critical stage in your research. Key...

Check out the business on offer to you

WHAT IS FRANCHISING AND WHAT SHOULD YOU CONSIDER Welcome to our sixth article in our series, What Is Franchising and What Should You Consider. We hope you find the information valuable. Whether considering an existing franchised business or a new start-up, you need to establish a number of facts...