Franchising - Great Expectations
Written on the 2 June 2010 by Philip Ciniglio
It is vitally important to seek advice when purchasing a franchised business. Do not try and go it alone. The cost associated with seeking advice will potentially save you money in the long term. Seek advice from experienced franchise advisers. Do not be nervous to ask about their experience in franchising.
Benefits for Franchisees
There are a number of benefits to owning a business franchise rather than being independent. These benefits create a safety net and lower risk of failure. Some of these benefits would include:
Restrictions on Franchisees
On the flipside of the coin, if you choose to buy a franchise business then you would be expected to adhere to some of the following rules:
What not to expect:
Do not expect the franchisor to:
Yes, you should receive an appropriate amount of support but it is still your responsibility to make the franchise successful.
Ralph Fioretti is a man on a mission; to bring Zarraffa’s-style drive thru coffee to Brisbane for the first time. ...Read more
More Australians are buying king size beds than at&nbs...Read more
In what may be considered a surprise move, franchisees Jimmy and Bernadette Williams will open the doors today to another Za...Read more
With many franchises looking to expand their franchises internationally we thought it was time to revisit Asiawide Franchise...Read more
Event technology company, iVvy, is adding more valuable, inclusive features to its eventmanagement system; increasing productiv...Read more