According to a study by FranchiseGrade, there are some common characteristics among franchises achieving good growth, and showing potential to be even more successful.
Who buys what and when: the latest report on online shopping reveals franchisors need to have a clear marketing strategy to reach consumers.
The benefits of running a hospitality business are numerous but like any venture there are operational challenges that need to be overcome. A common concern for any restaurant owner or franchisee would be costs – apart from the labour-intensive nature of the business putting pressure on the wages bill, there are the issues of managing wastage and preventing internal shrinkage or customer theft.
Should franchisees have to pay for their training separately from the franchise fee, or can training be considered an essential part of the ‘all-inclusive’ business package?
Staying up to date with privacy law is not only good practice, it’s essential, with severe financial penalties for ongoing non-compliance. Amendments to the Privacy Act 1988 came into force