Franchise Feeds

 Hi all, When I began my franchise three years ago, I had little knowledge about the industry and the way it works. I did not know how to start a franchise, but my franchisor understood my problem and helped me take baby steps into franchise ownership. It is a straightforward process that involves following a step-by-step guide that includes researching the market and the industry to identify the most suitable franchise business for sale that matches your needs and budget. The other steps include liaising with the franchisor, leasing the commercial space, signing the agreement, and launching the unit. To get further details, read the article shared below.   https://www.franchise2sell.com.au/blogs/franchise/how-to-start-a-franchise-in--simple-steps

 Learn how to resolve a franchising dispute and the resources that can help you. The Franchising Code of Conduct sets out a clear process for the resolution of disputes between a franchisor and a franchisee. If you have a concern with your franchisor or franchisee you can: formally raise your concerns with them, including through the dispute resolution process in your franchise agreement and under the Franchising Code contact the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) or a Small Business Commissioner (if available in your state or territory) for help get independent advice on your rights from a lawyer, accountant, business adviser and industry association. Read More: https://business.gov.au/planning/business-structures-and-types/franchising/resolve-a-franchise-dispute

 It is not possible to predict what can happen during a business relationship. Franchise agreements usually go for many years. Sometimes, things can go wrong. When things go wrong for your business, but it’s no one’s fault A business that starts out well can struggle later. This can be due to things outside of your control, such as changing consumer tastes, more competition, or big world events. If your franchised business or the franchise system is not doing well, it doesn’t always mean a law has been broken. It’s important to have trusted independent advisors, like an accountant or a business advisor, who you can turn to when things get difficult. Read More: https://www.accc.gov.au/business/industry-codes/franchising-code-of-conduct/when-things-go-wrong-with-a-franchise

 Franchising is a way of doing business. Roles in franchising A franchisor largely controls how the franchisee’s business is run and controls the name, brand, and business system the franchisee is going to use. A franchisee bears the financial risk for their franchised business and pays money to the franchisor. In exchange for this money, the franchisor allows the franchisee to use the franchisor’s brand or system to sell products or services for a limited time. The franchisee must run the business according to the franchisor’s requirements. Read More: https://www.accc.gov.au/business/industry-codes/franchising-code-of-conduct/about-franchising