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I wrote the past two columns on international franchise expansion from cafés in Istanbul and Cairo. What better places to consider the worldwide expansion, through franchising and licensing, of well-known brands? The two cities are so unlike their counterparts in North America, you gain a new perspective on international business. Now that I’ve returned to [...]
A franchise can be a great way to be your own boss — but always be on the lookout for traps, writes Carolyn Boyd. If you’re keen on being your own boss but don’t have a clear business idea you would like to pursue, a franchise could be for you. franchisees take business formulas that [...]
Every franchisee I have spoken to stated that if they could go back and go it again they would choose to not be a franchisee.
Heskin also says Australia is three times more franchised per capita than the US, with high general acceptance of franchising as a business model, along with “sophisticated and affluent consumers whose general lifestyle and taste are probably closer to the US than any other country”.
Many franchise owners become large businesses themselves, sometimes spreading out from an owners’ roots to expand elsewhere, or buy into other franchises.
Australia has gone crazy over franchising. After taking off about 15 years ago, there are now roughly 800 franchised brands in Australia, with more than 50,000 individual businesses, according to the Franchise Council of Australia.
Traditional wisdom has it that no one opens a business in a recession, but the opposite is true: Recessions typically generate spurts of franchise activity.
The Company will continue to work with its existing franchisees to assist
them in improving their revenues and operations, with the view to enhancing
their profitability.
Recession has many professionals ready to explore opportunities, challenges of franchises.
“Every business modal is going to be so different, depending on how the franchise is modeled on, what you have to have up front, from an investment perspective vs different financing modals and facilities that the franchises will have in place.”
