fbpx
14.5 C
Bay of Plenty Region
Sunday, April 18, 2021
Advertise with BBN
Home Regular Columns Franchising

Franchising

Validation or excuses?

Whilst interest in becoming a franchisee entrepreneur is on the rise, we know this will not suit everyone and, as always we strongly suggest a robust due diligence process is undertaken. However, we are seeing...

Should I purchase a greenfield or an existing franchise?

One of the first considerations for the franchisee entrepreneur is whether they should purchase an existing franchised business or a greenfield/start up franchise? There is of course no universally correct answer and it depends on...

Why these could be the Golden Years for franchisors

I have previously written on when is a good time to purchase a franchised business and asserted that post Covid lock-down, we could see a renewed interest in entrepreneurship through franchising in New Zealand....

The ‘soft’ Due Diligence checklist

As we relax into summer, not only is it the season of family get-togethers and beach barbeques, it is traditionally also the period where many consider their future, how they avoid going back to...

Motivational analysis required before buying

There has been a significant rise in the number of people interested in purchasing their own franchised business in the current Covid-19 economic and social environment. I have previously stressed the critical importance of potential...

Emerging trends and opportunities

Towards the end of each year I write on what I see as the emerging trends in franchising for the coming year. If 2020 has taught me anything, providing predictions is a dangerous preoccupation,...

Rise of the Franchisee Entrepreneur

I remember my year 11 economics class and the subject of entrepreneurship; it was described as being “hard to define and even harder to encourage”. It sounded elusive and counter to the field of...

How franchisors earn their keep, and their franchisee’s respect

There are a number of traditional reasons why the pundits such as myself spruik the virtues of franchising versus a stand-alone or independent business model. Top of the list has to be the fact...

Established or greenfields?

The first consideration for a potential franchisee with a particular brand in mind is, do they look at purchasing an established franchise or starting a Greenfields or new franchise? Unfortunately, there is no single...

No secret to regional success

Moving from the big cities to the Bay of Plenty remains a hot topic of discussion, and as an ex-Aucklander myself, one I have had many a time. It was once a trend associated with...

A Darwinist look at the future of franchising

The world has changed. We are not talking summer to winter, we are talking ice age. In fact, I would suggest that while we have witnessed the impact on human health, we have not...

Franchising can help entrepreneurship renewal

New Zealand, at heart, is a nation of entrepreneurs. The tyranny of distance, added with the old number 8 wire mentality has created many a commercial endeavour. The economic and social conditions post COVID-19...

Three compelling reasons why franchisees should follow the system

It should perhaps be obvious or assumed that when someone decides to buy or establish a franchised business that they will follow the system, after all that is what they have bought into. However, as...

The importance of walking the talk

I am continually amazed at what appears to me to be a growing gap between what people say and what they actually do. In the business world one would expect it to be relativity simple,...

Bring in the coaches

As we start a New Year and new decade there is no shortage of articles and trending social media posts on advice. High amongst them is the rise of executive or business coaching. The analogies...

What’s in view for 2020

Franchising Trends The end of a year and the start of a new one is always a great time to contemplate and plan for what’s coming. It is also a great opportunity for us to review...