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Showing posts from January, 2023

10 VITAL FRANCHISING TIPS FROM THE EXPERTS

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 Hey, Franchise ownership was my goal for a few years until I had the money to purchase a unit. As soon as I got my business, I started to work on my growth plan. I had researched well before signing the contract and it helped me find a network that had ample opportunity for growth. Today, I have become an area developer and I have a team of franchisees under me. I am only a supervisor now and do not have to worry about managing every single aspect of the model. I have become a franchisor in my own way. It is the most fulfilling job ever. Here is an article that will help in this regard with expert tips.  https://www.franchise2sell.com.au/blogs/franchise/vital-franchising-tips-from-the-experts

How to make the most of an end-of-year lull

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 At the end of a busy year, it’s important to take some time to relax and recharge when things quieten down for your business. According to SBDC business advisor, Chris O’Hare, this could also be the perfect time to schedule a block of time to work on your business, rather than in it. “As important as the relaxation time is, spending some high-impact time analysing your business performance is equally important,” says Chris. “If your day-to-day commitments are reduced, it is the perfect opportunity to review your business and make forecasts for the year to come. Don’t just leave it until tomorrow, because tomorrow never comes!” Read More: https://www.smallbusiness.wa.gov.au/blog/how-make-most-end-year-lull

Protect your business from scammers

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 It’s an unfortunate fact that small business owners are regularly the target of scammers – trying to take their money, business contacts, or business or personal identification details. Scammers often pretend to be from a government agency, like the Australian Taxation Office (ATO), or a well-known company you may have heard of, such as Telstra. Their aim is to scare you into parting with your money or valuable information and if you don’t, they may threaten you with fines, disconnecting your internet, taking you to court, arrest or even deportation. Here are some tips to help you protect your business from scammers. Read More: https://www.smallbusiness.wa.gov.au/blog/protect-your-business-scammers

Managing your wellbeing as a business owner

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 Running a small business is no easy feat. Juggling long days and managing cash flow while trying to maintain personal relationships and dealing with isolation if you’re working on your own can be a lot to deal with! You are the most valuable asset to your business and prioritising your health and wellbeing – and that of those around you – will see you well placed to focus on your business. To help you do this, we’ve put together this list of resources designed with small business owners in mind. Read More: https://www.smallbusiness.wa.gov.au/blog/managing-your-wellbeing-business-owner