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9 min read

Is your business profitable enough to franchise?

By Ana Haarsma on Apr 21, 2021, 4:00:25 PM

In Part 1 of our series "Can I Franchise my Business?" I covered foundational factors such as branding, consistent business systems and maintaining uniformity.

In addition to these foundational elements,  when considering whether franchising is the right growth option for your business, you must consider whether the business is profitable enough for a franchisee after payment of royalties, marketing levies and operating costs.

Topics: Featured For Franchisors Franchise My Business
15 min read

Can I Franchise My Business? - Branding

By Ana Haarsma on Apr 21, 2021, 8:03:36 AM

As a franchise lawyer, I see many people who are interested in using franchising as a growth strategy for their business.

When discussing whether franchising is the right growth strategy (rather than organic growth or licensing), one of the first topics I talk about is branding.

In this article, I'll cover a number of initial factors that should be considered when assessing the possibility of franchising your business (including branding).

But first, I examine what franchising involves and how it can facilitate the growth of your business.

 

Topics: Featured For Franchisors Franchise My Business
23 min read

Advantages and Disadvantages of Franchising in Australia

By Stephen Haarsma on Feb 24, 2021, 11:42:16 AM

Franchising can offer significant advantages whether you are buying a franchise or considering franchising your own business. For franchisees, the benefits can include an established brand, proven systems, training and ongoing support, while the disadvantages can include fees, reduced control and contractual restrictions. For business owners, franchising can provide a way to expand using franchisee investment and motivated owner-operators, but it also brings additional legal obligations, management responsibilities and risks.

I have been involved in franchising businesses since the early 1980's. At that time, franchising as a business growth strategy in Australia was in its infancy. Now, we are one of the biggest adopters of franchising in the world.

This guide examines the advantages and disadvantages of franchising from both the franchisor and the franchisee perspective, helping prospective franchisees and business owners understand the key commercial and legal considerations before deciding whether franchising is the right option.

Topics: Featured For Franchisors For Franchisees Franchise My Business
6 min read

Dispute Resolution in Franchising

By Ana Haarsma on Oct 8, 2020, 12:53:21 PM

Dispute resolution, also known as alternative dispute resolution or ADR, encompasses various methods and techniques that aim to resolve conflicts and disagreements. It provides an alternative to traditional legal processes, such as litigation, and offers parties involved in a dispute the opportunity to find mutually satisfactory solutions.

Topics: Featured For Franchisors For Franchisees Dispute Resolution
13 min read

Why is Brand Consistency Important in Franchising?

By Ana Haarsma on Aug 21, 2020, 12:25:28 PM

Why is brand consistency important in franchising?

Brand consistency is crucial in franchising for several reasons. Firstly, it helps to maintain a strong and unified brand identity across all franchise locations. This consistency ensures that customers have a consistent experience regardless of which franchise they visit, leading to increased trust and loyalty towards the brand.

Moreover, brand consistency in franchising plays a key role in attracting both customers and prospective franchisees. A well-established and consistent brand image not only appeals to customers, but also entices potential franchisees who are looking to invest in a reputable and recognisable brand.

 


Topics: Featured For Franchisors Franchise My Business