Taking on a franchise is an exciting step, but before any doors can be opened, a solid financial plan will be needed. A clear plan not only helps stay on track as the business is launched but also reassures lenders that the company understands the numbers. Here’s how to get started: Understand the startup costs…
read moreAt some point, the owner of a profitable franchise will want to capitalise on their investment and will look to sell the business. There are 4 key elements that need to be identified so that potential investors have a clear understanding of the business and the benefits of investment. The purpose of the process What…
read moreAs we approach the end of the first quarter many franchises have already set their business goals for the year. The key challenge facing most now though is how to convert those goals into reality? Quite simply you break them down in to bite sized chunks, plan methodically and continually check on their financial viability.…
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