KEY HIGHLIGHTS Franchisors and Service Providers report a mixed sentiment with decreasing confidence in general business conditions. Availability of suitable staff remains a key challenge. Franchisor sentiment for access to suitable locations drifted slightly in April, whilst Service Providers confidence increased substantially. Franchisor and Service Provider sentiment towards franchisee sales levels lifted to remain …
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Franchising Starts 2018 With Subdued Economic Outlook
The Franchize Consultants’ January 2018 Franchising Confidence Index demonstrates cautious sentiment. Click [here] for a copy of the full report Key highlights include: The latest results indicated neutral franchisor (net 3%) and Service Provider (net 0%) sentiment toward general business conditions. Franchisor growth prospects dipped slightly (net 23%), down 5% from the previous quarter. Service Providers reported similar …
Franchising New Zealand 2017 Survey Highlights
Franchising New Zealand 2017 Survey Franchize Consultants were delighted to be a sponsor of the 2017 Survey of New Zealand Franchising, conducted by Massey and Griffith Universities on behalf of the Franchise Association of New Zealand. New Zealand franchising needs up to date information, particularly the quantification of franchising's total size and contribution. This information is especially valuable when explaining …
Franchisors Cautious of Economic Environment
KEY HIGHLIGHTS Franchisors and Service Providers demonstrate a strong shift in confidence levels, with changes prevalent in sentiment toward general business conditions and growth prospects Availability of suitable staff along with suitable locations showed increased sentiment. Previously these were viewed as key challenge areas. Franchisor sentiment towards franchisee sales levels dipped, although remains …
Strong Franchisee Sales Outlook Continues
KEY HIGHLIGHTS Franchisors and Service Providers demonstrate a continued increase in confidence levels across many areas, particularly, general business conditions, franchisee sales levels, and franchisor growth prospects Both Franchisors and Service Providers were positive in their outlook for general business conditions. Availability of suitable staff were a standout challenge, and positivity toward franchisee …
Why Franchise a Business
So why do companies franchise? And is franchising for mainly cash-strapped, but ambitious small businesses? 20 years ago this question was something I dived into for my Masters of Commerce thesis. 10 NZ-founded franchise systems varying in sector and size provided their motivations - many of whom have now grown into large national enterprises. It is always a topic that deeply interests me. People often have lots of questions, preconceived …
Franchising Sentiment Positive, But Growth Constraints Emerge
View a copy of the full April 2017 Franchize Consultants Franchising Confidence Report KEY HIGHLIGHTS Responding Franchisors and Service Providers demonstrate a positive outlook overall in the areas of general business conditions, franchisor growth and franchisee profitability. Concerns emerge for key growth enablers, including access to finance, access to suitable franchisees and availability of suitable staff. …
Franchising and Licensing a Business Events
Franchising and licensing a business can be a very successful way of growing and improving an established business. Find out more in one of three dedicated sessions in Auckland, Wellington and Christchurch. The sessions for ambitious business owners are organised by Franchize Consultants, in association with MYOB and Westpac. For more information, or to book a place call or email Kayleen Smith: Telephone. 09 523 3858 Email. …
Franchise Technology Event – Tech for Franchise Success 2017
Franchize Consultants extends an invitation to franchisors to attend the franchise technology event - Tech for Franchise Success 2017. Tech for Franchise Success 2017 is an MYOB led event, also involving Westpac Bank and Franchize Consultants. Franchise Technology Event MYOB are running a special event aimed at helping franchisees get the most out of the latest improvements in business tech. Learn how using tech in your franchise business …
Are You Measuring and Managing Franchisee Satisfaction?
Measuring franchisee satisfaction is important, as franchisee satisfaction is a powerful concept in franchising. Positive levels of franchisee satisfaction can contribute to strong network growth and development. Meanwhile, poor satisfaction levels have the potential to destroy value and send a franchise system into a slippery downward spiral. If you’re a franchisor you should monitor franchisee satisfaction. Franchisee satisfaction …