Franchising your Business

Franchising offers many advantages over other forms of business expansion.

Franchising as a method of doing business has many of the qualities sought by leading businesses. In fact, many conglomerates have adopted franchising as a means of developing / sustaining valuable markets for their products and services.

Franchising reduces personnel requirements – each outlet is a self-contained business. The franchisor receives regular reports from the franchisees, and supplies support as required.

Franchising is a knowledge-based business – franchising requires businesses to capture their specialist knowledge within franchise manuals. By documenting their specialist knowledge, franchisors have not only defined their intellectual property, but they can also realise its value by licensing the intellectual property to franchisees.

Franchising is a synergistic network of enterprises – franchising allows individuals dispersed over a wide geographical region to pursue common goals. By co-ordinating purchasing, accounting and marketing procedures, franchising allows small businesses to enjoy the benefits normally only realised by large conglomerates.

Sign up and receive our events update

Latest
News
×

Franchise Industry News

Time to quit your job?
Sun, 08 Dec 2019 23:01:01 GMT
New tool to help company directors
Fri, 22 Nov 2019 23:56:41 GMT
Economy showing signs of spring
Tue, 19 Nov 2019 22:28:20 GMT
Payroll problems could cost millions
Tue, 19 Nov 2019 21:00:08 GMT
NZ Franchise Awards 2019 RESULTS
Sat, 09 Nov 2019 07:52:16 GMT
Franchise banker honoured
Sat, 09 Nov 2019 06:34:58 GMT
Franchising worth $1.75 trillion globally
Mon, 04 Nov 2019 20:05:37 GMT
Australian Franchise Awards – 2019 Results
Sun, 27 Oct 2019 00:20:54 GMT
Confidence down – better to come?
Wed, 23 Oct 2019 23:15:12 GMT
Franchise Awards – finalists announced
Thu, 10 Oct 2019 19:27:59 GMT
Hell Pizza formally warned over fake meat
Tue, 01 Oct 2019 21:04:31 GMT
Exporting Kiwi Know-How
Mon, 30 Sep 2019 21:12:50 GMT
More on product stewardship
Fri, 20 Sep 2019 03:58:48 GMT
Email invoice scam on the rise
Fri, 20 Sep 2019 03:39:31 GMT