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 itâ€™s those in the 20 to 30 age group who are looking to start a franchise, says James Nixon-Smith, Battery World general manager. â€œWhen you havenâ€™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.â€
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