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Showing posts from June, 2022

7 QUESTIONS TO ASK BEFORE BUYING A FRANCHISE

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 Hello all, The moment you decide to purchase a franchise for sale in Australia, you must start preparing for the interaction with the franchisor. It is the beginning of your due diligence process because this is the time when you sign the non-disclosure agreement with them. After that point, you can access the financial documents and other confidential details of the business. Thus, before you do deep into the process, you must know what you are getting into. When I went for the meeting, I was ready with a set of questions. To prepare your questions, you must read the article shared below that lists the questions you need to ask before franchise acquisition. https://www.franchise2sell.com.au/blogs/franchise/questions-to-ask-before-buying-a-franchise

Helping regional businesses thrive

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 A free business advisory service is helping small businesses in regional Western Australia to realise their full potential, as the state navigates the latest COVID wave. A quarter of WA’s more than 220,000 small businesses are located outside of the Perth metropolitan area, providing valuable services, goods, employment opportunities and more, directly to their local communities. The Business Local service, supported by the SBDC, offers expert advice to regional small business operators at no cost, through a network of experienced business advisers around the state. Read More: https://www.smallbusiness.wa.gov.au/blog/helping-regional-businesses-thrive

Advice helps business pursue opportunities

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 Nearly 10 years into their business, Maggie and Bryan Jacobs realised they were missing out on opportunities to expand their trade. The owners of Geraldton Rubber & Conveyor had focused on working hard and providing great customer service since first opening in the Mid West town. But it wasn’t until happening upon RSM Business Local and seeking advice about completing a business award submission, that they really understood the potential for their family enterprise. “We joined an information session after being nominated for a business award and just got some mentoring and help with our submission, and then realised there was so much more that Business Local could do for us,” Maggie said. Read More: https://www.smallbusiness.wa.gov.au/blog/advice-helps-business-pursue-opportunities

7 things to investigate before you buy a franchise

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 When you start looking for small business ideas, business names and advice on how to start a business, the franchise business model can look really appealing. Buying a franchise can be a great pathway to running your own business. You could reap the benefits of an established brand with a popular product or service and a great reputation. There’s also access to support with advertising and marketing, and operation manuals to streamline the way you run your business. On the other hand, franchising gives you much less control of how, where and for how long you run your business. Read More: https://www.smallbusiness.wa.gov.au/blog/7-things-investigate-you-buy-franchise