Buying a franchise can seem like an easy way to get into business, but there are pitfalls. Potential buyers should always obtain advice from business professionals. Always ring existing members of the franchise and ask if theyre getting all the support they need from the franchisor and if they would still buy into the franchise had they their time over . When you buy a franchise youre not buying a business in perpetuity. What youre buying is the right to use the franchise name and system for a set number of years, often a decade. If you’re about to become a franchisee, ask yourself a couple of questions: Are the established practices of the franchise in accordance with the Franchising Code of Conduct and the Australian Consumer Law? Is compliance with the franchise agreement possible? Many franchises do not have all the systems in place for employee complaince. If your thinking about purchasing a franchise or currently experiencing similar problems in your current franchise please call our team for expert advice on business-compliance issues on Sydney 02 9615 9617 or Melbourne 03 9982 4665. Read more: theage.au/small-business/franchising/seven-things-i-wish-i-knew-before-buying-into-a-franchise-20130813-2ru3v.html#ixzz3OvgcYlDa Read more: theage.au/small-business/franchising/seven-things-i-wish-i-knew-before-buying-into-a-franchise-20130813-2ru3v.html#ixzz3Ovf427xM smartcompany.au/growth/franchising/45284-the-worst-decision-of-our-lives-cold-rock-comes-under-fire-from-disgruntled-franchisees.html?utm_source=SmartCompany&utm_campaign=779756af1d-Wedesday_15_January_201515_01_2015&utm_medium=email&utm_term=0_234118efee-779756af1d-94183121&mc_cid=779756af1d&mc_eid=042fc27e21
Posted on: Thu, 15 Jan 2015 22:10:35 +0000
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