Franchise Feeds

 Hi there, I purchased a franchise for sale in Australia when I was learning the tricks of the trade. The first advice I got from the franchisor was to create a business plan after conducting some market research. It involved learning about the competitors in the market, understanding the target market and defining the goals of the franchise. I worked hard to prepare the document and asked an accountant to help me with the financial projections. The document has been amended a few times over the years, but it has been the roadmap forever. So, here is an article that will tell you about the importance of a business plan for a franchise.     https://www.franchise2sell.com.au/blogs/franchise/why-is-business-plan-important-for-a-franchise

 Deciding to raise your prices can be a big step for your business. The next crucial step is to make sure your customers know what’s changing, why and when your new pricing takes effect. If you’ve decided it’s the right time to increase your prices, it’s important to invest time in planning how to share the news of your new pricing. Our small business advisor Steve McLaren recommends being clear and direct about your price increase. “If your customers are fully informed regarding the changes, they are likely to be more understanding and willing to accept them,” he says. Read More: https://www.smallbusiness.wa.gov.au/blog/how-tell-your-customers-about-your-price-rise

 Your business could benefit from using a range of digital tools and apps to help manage your finances, keep accurate records, sell online, oversee social media accounts, improve productivity, engage your employees and customers, and more. Whether you want to boost your sales, streamline your processes or stop spending so much time updating spreadsheets, it’s likely there’s a digital tool or app to suit your business goals. Read More: https://www.smallbusiness.wa.gov.au/blog/digital-tools-boost-your-business