It’s up to the franchisor to set the direction of the business. Communication and cohesion, franchisees require support, evaluation, education and an understanding of the strategic direction of the ‘mothership’. Lack of leadership and poor engagement can take the wind out of the sails, leaving the business going nowhere fast…
It is essential that key business metrics are in place for measuring, benchmarking, transparency and accountability. Without them the business may fall into a financial wilderness. Create triggers to measure and reset to assist with your goals for success. Apply this process to all elements of business including, revenue, general expenses, stock, marketing and HR.
Deal only with Franchise Council of Australia Members
Members of the Franchise Council have committed to following the mandatory Franchising Code of Conduct, plus any FCA designated member Code of Conduct. This, in addition to common law rights, increases protection for franchisees from unscrupulous operators. All intending franchisees should ensure that they deal only with members of the Franchise Council of Australia, and ask for proof of an organisation’s membership of the FCA. To see a copy of the latest Membership List visit the current FCA Membership page on their website.
Got questions? Franchise Right has the answers – contact us today for more information on how you can make a success out of franchising in Australia.