March 22, 2019

Tips for Franchising

There’s still time to make your new year’s resolutions, so why not start planning out all of your future business and franchising endeavours? Before you begin to follow through with your business dreams, ensure that you do your due diligence, particularly if your business goals involve crossing over to the world of franchising. Before taking that exciting leap, you must understand why you want to franchise your business to begin with. Believe it or not – this is fundamental to your future success in internal and external operations of the business. Business Broker Melbourne team of expert consultants can help you with all of your decision making and initial development of your new business journey for 2019. This is an […]
January 3, 2019

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 […]
August 2, 2017

5 Tips to Selling Your Services to Franchisees

The Business Broker has found that many consultants, coaches, speakers, trainers, and other service companies totally ignore the potential available to them by serving franchisees. They assume that the franchisor provides for all the needs of each of their units. While a few do, most are unable to and the door is wide open to you–just like with any independent business in your community. Here are some insights in how to grow your company effectively in this niche of hundreds of thousands prospects. 1. Identify Ideal Niche Markets Just like working any potential client list, you should look for niche markets that will be responsive to the services you provide. Are you good at teaching entry-level workers food prep techniques? […]