franchise accounting

July 28, 2022

Buying a Franchise

In Australia today there is a franchise operating in almost every type of business category, with varying levels of complexity and cost. Prior to buying a franchise, potential franchisees should do the following; Assess your own reasons for wanting to own a business; Assess the lifestyle and income implications of owning and operating a business; Assess the franchise opportunities consistent with 1 and 2 above. Build your understanding of the franchise relationship by reading the Franchise Guide. Narrow your franchise search to a few systems, then request further information. If appropriate, and you are comfortable with the decision, select a system and commence the application process. Ensure you have adequate borrowing capacity, including working capital, to successfully establish this type […]
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