With property prices on the rise, starting a business has become the new dream for many young Australians. And when it comes to the newbies on the block, franchising is in.
Franchising is one of the fastest-growing sectors of the Australian economy, contributing 14 percent to GDP and employing more than 600,000 Australians, according to figures from the Franchise Council of Australia.
And now it’s those in the 20 to 30 age group who are looking to start a franchise, says James Nixon-Smith, Battery World general manager. “When you haven’t owned a business before, franchising is the perfect way to start out as often you are purchasing an established and reputable brand, require less start-up capital, and have access to established systems and procedures and have support from a head office and other franchisees.”