Franchise Feeds

Exiting a franchise involves several crucial steps to ensure a smooth transition. First, review your franchise agreement to understand the exit terms, including notice periods and potential penalties. It's essential to notify the franchisor and adhere to any stipulated procedures. Valuing the business accurately is critical for negotiating a fair sale price. Engage with legal and financial advisors to navigate the complexities of transferring ownership and resolving any outstanding obligations. Additionally, consider the impact on employees and customers, ensuring continuity and compliance with the franchise brand's standards. Proper planning and professional guidance are key to exiting a franchise successfully, minimizing disruptions, and maximizing returns. To read continue:  https://www.franchise2sell.com.au/blogs/franchise/exiting-a-franchise-what-you-need-to-know

Starting a business is the beginning of an exciting – and sometimes challenging period in your life. Suddenly you find yourself immersed in a whole new world of licensing, insurance, marketing and leasing – it’s easy to feel overwhelmed. We have created a checklist to help guide you through the early stages of establishing your business. Follow the steps below to help you decide if you are ready to go into business, how to get started and where to seek help along the way. To read continue:  https://www.smallbusiness.wa.gov.au/starting-and-growing/steps-to-starting-a-business

Retail is the largest private sector employer in Australia. According to ABS data, more than 1.4 million people work in the industry, and while it’s often thought of as a young person’s job, the median age of the workforce is 33 and only 50 per cent of roles are part-time.  For many people who need flexible hours, retail is a great career option with a clear path to promotion. Here, we speak with multisite store manager at BWS Nikita Lakhote about what drew her to the retail industry, her future career goals and what businesses need to do to attract top candidates in a competitive recruitment environment. To know more:  https://insideretail.com.au/business/from-the-shop-floor-bws-store-manager-on-the-benefits-of-working-in-retail-202405