The difference between profit and cash
Chris Roberts from Franchise Finance says having made a profit doesn’t equate to acquiring bragging rights if you can’t pay your overheads
Do you have the skills to pay the bills as a franchisee?
Whether you’ve just started out as a franchisee or have been running a business for some time, you need to ensure you have the skills to succeed
How late payments impact franchisees in the children’s sector
Having to chase down late payments is never fun, but Nikki Th’ng of ClassForKids argues that it’s even worse for franchises in the children’s class sector
Where to find funding for franchise financing
A well-known phrase in business is “cash is king” – and it’s very true. Staff, overheads and suppliers will always need paying but, as any business owner knows, money is vital for many other factors too
When should your franchise stop growing?
As the saying goes, size isn’t everything, which is certainly true when it comes to scaling your franchise
Why franchisors must monitor their franchisee's KPI to get the best results
Key performance indicators (KPIs) are a vital part of every business – franchises are no exception to this rule. Due to the nature of replicating an existing business model, they’re even more prolific
International Democracy Day: Have you truly considered the policies within your franchise?
As great as your franchise may be performing today, there’s no saying how it will be tomorrow or the day after. And that’s where the franchise democracy comes into action
Listen up. This is the only acronym you need to make SMART financial decisions
Making franchise developments happen isn’t a simple matter of clicking your fingers and making vague comments – it’s all about being SMART
What the franchisor doesn’t tell you about franchising
Using a proven franchise model and support network can put you on the right path to success and it suits many people on different paths. But beware, there are secrets franchisors won’t share willingly
Running a tight ship is essential when spearheading a franchise
Boosting your franchise’s efficiency may seem like a lot of work. However, in the long run upping productivity can ensure that there is nothing but plain sailing ahead
