Franchise Feeds

  Evaluating the financial aspects of a franchise is crucial for making an informed decision. Start by thoroughly reviewing the franchise disclosure document (FDD) provided by the franchisor, which includes key financial information such as initial investment costs, ongoing fees, and potential revenue projections. Conduct a detailed analysis of the franchise's financial performance by examining its financial statements, including income statements, balance sheets, and cash flow statements. Consider consulting with a financial advisor or accountant to ensure a comprehensive understanding of the financial implications. Evaluate the franchise's market potential and competitive positioning to gauge its profitability and sustainability. Assess the franchisor's financial health and support systems to determine their ability to provide ongoing assistance and resources. Finally, seek feedback from current and former franchisees to gain insights into their experiences and financial ...

This International Women’s Day, we are pausing to spotlight the extraordinary strides women have made in the business world. An area of particular growth is entrepreneurship, where women are revolutionising the field in unprecedented ways. With nearly one-third of franchised businesses now boasting female ownership, the entrepreneurial zeal among women is unmistakable and growing stronger. Female entrepreneurs are driving significant changes in the business landscape, bringing fresh perspectives, innovative ideas, and a steadfast commitment to achieving success. They represent the most rapidly expanding segment in the realm of business ownership, with women owning and operating 35% of Australian SMEs. This trend is not confined to Australia alone but is a global phenomenon, reshaping industries worldwide. A noteworthy increase in entrepreneurial ambitions among young women, particularly those from the Millennial and Gen Z demographics, signals a positive shift in societal attitudes tow...

Franchising in Australia is big business. Over 1,200 different franchise systems operate more than 94,000 individual franchised outlets employing 565,500 people, according to the Franchise Council of Australia. But while the names of some are very well known, such as McDonald’s, Bakers Delight and Jim’s Mowing, they actually operate across almost every industry including food and beverage, retail, fitness, home services, real estate, mortgage lending, financial planning, automotive servicing, car hire, pet services, hospitality, pharmacy, strata services, couriers, beauty, tutoring and coaching. What Is A Franchise? Franchising is a business model under which a franchisee buys the right to operate a business for a set period of time using the name, brand, products and services of an established business, known as the franchisor. In return, the franchisor provides access to various resources and support. To read continue:  https://www.forbes.com/advisor/au/business/how-to-start-a-fr...