Franchize Consultants
New Zealand Franchising Consultants Firm
What is franchising? Franchising is a powerful organisational form with the potential to deliver great benefits to businesses in an increasing range of countries and industry sectors. What is franchising? Two key kinds of Franchising The first is business format franchising. The second is product and trade name franchising. Business format franchising is a method …
Many franchisors are attracted to the United States (US), the market most responsible for franchising’s popularity today. Franchise success stories like McDonald’s, Burger King, 7-Eleven and Marriott Hotels highlight the enormous scope for expansion within the US economy. International Franchising: Taking on the United States The US population (287m) and [purchasing power parity or PPP] …
Australia and New Zealand are sophisticated markets with dynamic, growing franchise communities. Both offer significant opportunities for franchising. Australia is the larger of the two countries with around 20 million people. New Zealand has four million. Per capita annual GDP income is similar with Australia and New Zealand currently earning about US$20,000 and US$15,000, respectively. …
Making the right Franchising Decisions for your Business. While there are many franchise opportunities for sale there are as many questions you might like to consider before making any important decisions. First are questions you can ask yourself and second are questions more specific to finding the right business. Early on you may consider whether …
Managing a Franchise System. For a franchise system to flourish over the long-term, it will need to be grounded in the franchisor’s philosophy that support and guidance of franchisees is fundamental to success. When committing to a franchise system, a new franchisee expects their success to parallel the best. With continued support and guidance they have …
Improve Franchisee Performance for your franchise. Recently our firm sent out a questionnaire to a certain group of franchises asking if they wished to get more information on a range of subjects that we had selected to assist and improve franchisees performance. We have had a good response but guess who they were? Yes, they …
Challenges Faced By Franchises. Franchising has had an unquestionable impact on many countries economies and is widely acclaimed for its contribution to GDP, retail sales, job creation and training. Many chain operations utilising franchising have grown large franchise networks, and some global franchises like McDonald’s (with 29,000+ restaurants in 119 countries), Subway, Blockbuster and Century …
I was recently re-reading Douglas Myer’s book “What I’ve Learned in Business” and I came across the sub heading “Find a Mentor”. The book goes on to tell how a Dr Grant Lau, who advised the Todd family in the mid nineteen sixties, was asked to become the young Myer’s mentor. Myers said that he …
Franchising has had an unquestionable impact on many countries economies and is widely acclaimed for its contribution to GDP, job creation and training. With estimates of franchisors and franchisees currently exceeding 350 and 15,000 respectively, New Zealand is perhaps the most franchised country in the world, ahead of Australia, Canada, the US and the UK, …
Franchising in New Zealand has gone from strength to strength, with an estimated 300 franchise systems generating combined turnover of around $10 billion. The number of franchise outlets in the country totals over 14,000. These figures catapult New Zealand to the leader board in terms of franchising utilisation. New Zealand has clearly embraced franchising as …
Franchising a business is a method that has greatly enhanced the performance of many corporations and small companies. It has enabled many companies to expand rapidly and profitably, with good long-term stability. Franchising is a format which is adaptable to many different areas and types of business. Franchising a business – Key details Pace Franchising …
Franchising types for your business. One important franchising decision affecting new franchisors is deciding on which franchising types are suitable to their individual circumstances. This can be a complex process as there are several methods of franchising. With the terms of franchise agreements typically spanning years, the final decision carries long-term consequences. Five Common Methods …