Franchising is a $128-billion-a-year business in Australia. Over a thousand franchise brands run across the country, covering every angle from coffee vending to in-home behavioural dog training.
On paper, because its structure has been road-tested, a franchise is a money-making machine. In theory, any dropkick can run one successfully – all anyone has to do is get on with it – execute, exploiting the turnkey convenience.
But running a franchise is hard. Almost a quarter of Australian franchise owners squabble with their parent company, often taking legal action, according to a Franchising Australia 2010 report. Find out what mindset you need to avoid bust-ups and make franchise ownership work for you. Read on…