Dynamic Business (blog):
With over 1,000 franchise systems in Australia, it can be tricky to figure out which will be a winner. Kristy Sheppard has some advice for choosing the franchise that’s right for you.
With around 1,000 franchise systems in Australia – per-capita, we’re one of the most heavily franchised countries in the world – anyone considering taking the leap into this sector quickly learns it’s awash with possibilities.
You are deciding whether to buy either an established or a ‘greenfield’ business within a franchise system that you’ll most likely be a part of for a good decade or more. This isn’t your average job and although as the franchise owner you’ll have a lot of control over how the business is run you do have to abide by the terms of a franchise agreement. Choose well.