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It’s long been recognised that newer small businesses run as a sole proprietorship have higher failure rate than many long-established companies. Even larger businesses with long-standing track records for success are sliding into decline. By comparison, the franchise business model offers multiple advantages over other types of

Many businesses work with ad hoc procedures that ‘just happen’, and aren’t really systems at all. This article is about how to maximise efficiency, how do you systemise your business, or improve the systems already there. Here are some tips: 1. Start by choosing an area for

Business owners are wary of ‘systems’, feeling they deprive them of flexibility. However, a system is no more than a repeatable way of doing things to achieve a particular outcome. Properly implemented, systemisation increases productivity and improves profit in businesses of any size and type. Here are

The right management and the right staff are two cornerstones ! Staff members play a very important role in making any franchise business successful. So, appoint the staff carefully and manage them properly to ensure quality customer handling. This will ensure customer satisfaction which is a must

One of the other deciding factors when analyzing whether a business is ripe to franchise, is the personality of the business owner or owners. Is that person a natural leader? Does he or she have the characteristics to manage a franchise chain? From perhaps dealing directly with

How to systemise your business for profit growth Or Profit from growth by systemising your business Or Systemising for Success In an earlier article – System Is Not a Dirty Word – I looked at how systems can be used by businesses of all types and size

A good example of using the franchising process of systemization and putting these principles into practice is Jack Cowin. Jack Cowin came to Australia when he was 26 years old with the franchise rights to Kentucky Fried Chicken in WA. Today he owns the Hungry Jacks chain

Choose wisely before investing in a franchise. Buying a franchise can seem like an easy way to get into business, but there are pitfalls. Phil Blain, a franchise consultant at business advisers BDC, says that along with getting advice from an accountant and a lawyer, potential franchisees