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Star franchisee’s bankruptcy has lessons for franchisors and franchisees |
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News of the bankruptcy of former Olympic basketballer and high-profile multi-unit franchisee Shane Heal has generally received more attention in the sporting pages than in the business press. Perhaps part of the reason is the timing of the announcement, on the last business day before Christmas and at a time when business journalists and their readers alike are winding down for the holiday season, while sports journalists are gearing up to cover the cricket and tennis. While personal bankruptcies are unfortunately on the rise as the fallout from the GFC continues to unfold, Heal’s bankruptcy is significant because of the potential lessons for franchisors and franchisees that it may contain. |
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Five franchise predictions for 2012 |
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The year 2011 provided many challenges for franchising. Further attempts by state governments to interfere with the legislative framework that applies to the sector nationally, along with a turbulent retail environment and a general shortage of franchise candidates have challenged almost all franchise systems operating in Australia. Here are a few predictions for what the year ahead will hold: |
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Introduction to Franchising seminars |
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The basics every potential & start-up franchisor & franchisee should know.
(And essential training for new franchisor staff who have no prior franchising experience. 1-day workshop 9am-5pm) Brisbane - Sydney - Melbourne - Perth - Adelaide (See below for event dates) Why attend this course?
Perhaps you already have a business and would like to grow it by franchising?
Or are you an established franchisor with new staff who need some franchise training in order to be job ready?
Are you looking to buy a franchise and need to build your knowledge to make a well-informed investment decision? |
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