Franchise Feeds

Future-proofing your franchise business is vital in a constantly evolving business landscape. Start by staying updated on industry trends and technological advancements. Flexibility is key; be open to embracing new technologies and adapting to changing customer expectations. Expanding your digital presence through e-commerce and online marketing can help you reach a wider audience. Diversify your product or service offerings to remain relevant and attractive to different customer segments. Investing in staff training and development ensures your team can adapt to new challenges and technologies. Maintain a financial buffer to weather unforeseen challenges and economic downturns. Regularly assess and adjust your business strategies to align with changing market dynamics and emerging opportunities. By staying vigilant, adaptable, and well-prepared, you can future-proof your franchise business and maintain long-term success. https://www.franchise2sell.com.au/blogs/franchise/how-to-futurep...

  Australian businesses are spending up big on advertising with the industry growing at a faster rate than the US and UK and digital advertising accounting for most of that growth, according to a report from Deloitte Access Economics. The report reveals that the Australian advertising industry was worth $53 billion to the economy in 2022, up by $13 billion, or 12 per cent, since 2014. The growth positions the industry above the accommodation and food services industry at $47 billion and the telecommunications industry at $52 billion. It is also more than half the economic value of the retail industry at $95 billion. Commissioned by the Advertising Council of Australia, the Australian Association of National Advertisers and the Media Federation of Australia, the report builds on an earlier report published by Deloitte Access Economics in 2016. The 2022 advertising spend in Australia hit $17.7 billion, which was up 170 per cent from two years earlier in 2000. “One of the key drivers ...

Six months after the collapse of celebrity chef Shane Delia’s COVID-born gourmet food venture Providoor, the brand has been resurrected by Sydney-based entrepreneur and investor Sam Benjamin. Providoor, which went into liquidation in April, resumed operations today servicing the Sydney, Melbourne and Brisbane markets after Benjamin, an avid user of the original service, acquired the company shortly after it went into liquidation. Delia founded Providoor during COVID lockdowns in 2020 with the aim of keeping restaurants in business. At the time of its collapse, the business supported about 80 restaurants including the likes of Curtis Stone, Three Blue Ducks, Rockpool and Saké, providing a premium at-home delivery service across almost 2,000 menu items. The company is said to have supplied more than a million meals to customers over three years, with Providoor revealing that in its first year the company generated more than $40 million in revenue for the restaurant industry. Under a new ...

A Sydney-headquartered fintech that allows users to apply for loans in under eight minutes is expanding its services with a market entry into New Zealand, following a year of major growth for its Australian operations where the LoanOptions.ai platform has a panel of more than 70 lenders including Macquarie Group, CBA, Westpac, ANZ, NAB, Latitude, Plenti and Prospa. The loan comparison tool, which uses artificial intelligence to analyse real-time data and create personalised recommendations for clients, is set to launch with up to 20 lenders in New Zealand. Categories covered include car, business, personal, equipment, leisure assets, and non-property loans. LoanOptions.ai was founded by Julian Fayad after almost a decade working in the finance broker industry, where he saw "a very clear gap in the technology available to service clients in an efficient and transparent manner". "The finance application process was clunky, not mobile friendly, lengthy and often require...

Owning a franchise presents both benefits and drawbacks. On the positive side, franchises offer a proven business model, reducing the risk of failure. Franchisees receive comprehensive training and ongoing support, simplifying business operations. Brand recognition and established customer bases are advantages, potentially leading to quicker profitability. Group purchasing power can result in lower supply costs. However, drawbacks include substantial upfront franchise fees and ongoing royalties, reducing profit margins. Franchisees have limited control over business decisions and are subject to the franchisor's rules and regulations. Success can also depend on the brand's reputation and the local market's demand, making it vital to research thoroughly before committing to a franchise opportunity. https://www.franchise2sell.com.au/blogs/franchise/what-are-the-benefits-and-drawbacks-of-owning-a-franchise

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. Before you buy a franchise, it’s important to seek advice from an experienced business adviser, accountant or lawyer. Here are some tips to consider before you commit to a franchise. https://www.smallbusiness.wa.gov.au/blog/7-things-investigate-you-buy-franchise   

Buying an established business requires a major commitment of time, money and energy. Doing your research before making a decision is essential. Advantages of buying a business initial establishment and ground work has been done client base is established there is an existing market for the products/services a proven financial record that could make it easier to access finance. Disadvantages of buying a business you may need to honour or renegotiate outstanding contracts the current staff could prove hostile you may need to invest additional money to make the business successful. https://www.smallbusiness.wa.gov.au/starting-and-growing/buying-a-business

 One of the key decisions you’ll make when starting a business is its structure. Your choice of structure will depend on the size and type of business, your personal circumstances and how much you plan to grow the business. You can change your business structure as your business grows or your circumstances change. It is a good idea to discuss your proposed structure with your financial, legal or business adviser before starting your business. Your business structure can determine your: tax liabilities responsibilities as a business owner potential personal liability asset protection ongoing costs and the volume of required paperwork. https://www.smallbusiness.wa.gov.au/starting-and-growing/business-structures  

Franchise opportunities offer a pathway to entrepreneurship with the support of an established brand. Finding the right fit is crucial for success. Start by identifying your interests, skills, and financial capacity. Research various franchises, assessing their track record, industry trends, and market demand. Consider your preferred location and target audience. Conduct thorough due diligence, including talking to current franchisees and consulting with legal and financial experts. Scrutinize the franchise agreement, focusing on fees, obligations, and restrictions. Ultimately, selecting a franchise that aligns with your passion, resources, and goals is the key to a fulfilling and prosperous entrepreneurial journey. https://www.business2sell.com.au/blogs/franchise/franchise-opportunities-finding-the-right-fit-for-you