It’s EOFY, minimise your tax

“Franchising was so much harder than I could have ever imagined. Franchising in paper and theory is awesome but the actual reality is incredibly different from that.” So says Telstra Young Businesswoman Award winner Tina Tower, founder and franchisor of the Begin Bright franchise.

Happy new financial year! What can you do to ensure a smooth 2015-16? Planning needs to be a regular part of your business management, and to ensure the plans are on track, you will need to review the business too.

The biggest mistake many new franchisors make when structuring a business, is failing to model the business from the franchisee’s perspective.

How can you spot a franchise that is doing the right thing? There are many ingredients of a good quality franchise and some are easier to spot than others.

How can you get your franchise team, and the franchisees in your network, to blossom?

When you buy a franchise, one of the benefits will be access to a field manager. But what exactly is a field manager paid to do?

Multi-unit franchising is one way for some of the most well-known brands to grow their systems, but is the franchise right for this expansion model?

Communicating with franchisees can be a challenge but there are ways to harness their energy and get them on side.

Here are some tips on ways to prevent your franchisees from feeling left out in the cold.

Don’t forget you might need to update your franchise agreement by 31 October.

Franchisees come in all shapes and sizes and achieve varying levels of success. So how can you spot the winners among the grinners?