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Give your franchise a HEAD START
What happens after you've bought a franchise? Whether or not you've been in business before, the next few weeks or months are a blur of activity. During this time, you'll be filling in paperwork, setting up systems, having meetings and being asked to make decisions every day. There may be staff to employ, finance to arrange and licences or qualifications to achieve. You'll also be attending training so that you learn what the business involves and how to run it successfully. Welcome to the world of self-employment.
It might sound daunting but the pre-opening period will be one of the most exciting times of your life. You'll find it less stressful, though, if you understand all the tasks that need to be done and are able to approach them in an organised fashion. This will have a major impact on your readiness for your first days in business and the results you achieve. Here are some tips that you might find helpful... read more
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Free tickets for August FRANCHISE EXPO
If you're considering buying a business, don't miss the Business Opportunities & Franchise Expo taking place at the Auckland Showgrounds in Greenlane from 13-15 August. The expo is sponsored by Westpac and Franchise New Zealand magazine & website and gives you the chance to meet franchisors face-to-face and learn all about their opportunities. There's also a full programme of seminars to help business buyers. Get a free ticket here and find out how to make the most of the expo.
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seminar critiques FRANCHISE LAW REVIEW
The process that led last year's Ministerial Review to conclude that there is currently no need for franchise regulation in New Zealand has come under fire from academics at the University of Auckland Business School. A research paper by Gehan Gunasekara and Tiffany Lee concludes that the lack of publicity given to the Review itself and the failure to give submitters an opportunity to be heard meant that it was fundamentally flawed from the outset. The paper contrasts the process unfavourably with Australian inquiries and finds that "a disproportionate number of interest groups made submissions and most of these had a vested interest in preserving the status quo." The pair are to present a public seminar entitled Genuine inquiry or regulatory capture? A critique of Franchise Law Review (2008) at the Business School on Thursday 12th August... read more
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FANZ seeks to EXTEND CHAIRMAN'S TERM
Franchise Association members are being asked to vote to extend the maximum term for which a Chairman may remain in office from two years to three. The reason given by FANZ for the proposal is that "the current clause is considered too restrictive, particularly when an incoming Chairperson may take part of their first year to settle into the role."
The Chairman is elected annually by Board members from among their number. The two-year maximum term was set when the Association was founded in 1996 in order to prevent any individual dominating the organisation. Since that time, seven Chairmen have served for two years each and one for a single year only. Circumstances have changed since... read more
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Survey says conditions remain tough for franchisors and franchisees
The second quarterly survey of New Zealand franchising confidence finds positive but falling sentiment across many key franchising indicators. In particular, the latest Franchising Confidence Index finds substantial decreases in sentiment associated with general business conditions, availability of suitable staff, availability of suitable locations, sales levels per franchisee, operating costs per franchisee, franchisee profitability levels, and franchisor growth prospects. Franchisors and service providers share considerable concern for... read more
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opportunities - SWEET TREATS
It's hard to resist having a little treat now and then. These franchises help make everyone feel better..
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The Sweetest Little Chocolate Shop is a low-investment opportunity based on product and service excellence.
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This Chinese couple found Robert Harris Coffee Roasters helped them put down roots while building a business.
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Mamuska The Cheesecake Shop is
a thoroughly-tested bakery format specialising in desserts.
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A fixed fee means that The Coffee Guy franchisees are free to earn as much as they like.
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NEW NAMES stand for FANZ board
Two new names are standing for the Board of the Franchise Association of New Zealand. The new candidates are Paul Brown, general manager of franchise Paramount Services, and Mark Sherry of Harmans Lawyers in Christchurch. Paramount Services was named Supreme Franchise System of the Year in 2008.
The Board comprises seven people from among the membership of the Association, with around half the seats being required to be re-elected each year. The current Board comprises four affiliates and three franchisors/master franchisees. The results to be announced at the FANZ Conference in Wellington this weekend... read more |
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Next ISSUE
The Spring issue of Franchise New Zealand magazine is published on 17th September. If you'd like your business or opportunity to be included, contact us now. Franchise New Zealand has been consulted and relied upon by a huge number of business buyers since 1992 and is the recognised authority on franchising in this country. |
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advice - GET WHAT YOU NEED
Whatever your interest in franchising, it's good to know where to get professional help when you need it.
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Franchize Consultants provides specialist advice and assistance to prospective and existing franchising and licence networks.
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Selector helps franchisors identify 'best-fit' franchisees using psychometric testing and analysis.
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Stewart Germann Law Office is an award-winning specialist franchise law firm with over 30 years' franchising and licensing experience.
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Franchise Focus matches business buyers with opportunities that
suit their locations, skills, experience
and wallet.
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Have you read? DANGER SIGNALS
The statistics show that franchising is generally a low-risk way of getting into business for yourself. But not all franchises are created equal. Some businesses claim to be franchises when in reality they offer little or no training, support or systems. Others which you see advertised in the papers are inadequately developed or are close to being scams. Here are some of the danger signals - if you experience any of them, proceed only with.... read more |
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SNIPPETS from our news feed
- Fast food franchisees can expect a bonanza from next year's Rugby World Cup if the soccer is anything to go by. South Africa's Famous Brands, which owns seven franchise systems, reported that sales in June grew 24%.
- Signature Homes' franchise business model has come under scrutiny following some well-publicised failures. Signature MD Gavin Hunt fronted up to the Otago Daily Times to explain how the company improved procedures and resources and introduced a completion guarantee to ensure customers' homes were safe.
- The first survey of the New Zealand franchise sector for seven years is currently under way, being conducted by Massey University in partnership with Griffith University of Queensland.
- The ACCC has released a summary of the latest changes to the Australian Franchising Code of Conduct.
- The Australian company that holds the NZ master franchise for Swedish furniture giant IKEA has again put on hold plans to open here after difficulties finding sites.
- Burger Fuel has opened its first outlet in Dubai as it attempts to gain traction in the Middle East.
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