Gaining an objective handle on how a franchise network as a whole is performing has become much easier in the age of digital accounting
Franchising offers ambitious entrepreneurs an appealing way to expand their venture but they must factor in all the initial and long-term costs before jumping in
With macro events like Brexit and the election of Donald Trump potentially causing instability, how can franchisees plan their finances and buffer themselves against future shocks?
It can reflect poorly on the entire network and cost a lot of money if one franchisee misses paying their taxes, which is why it’s vital that everyone understands what the state is due
From ensuring you’re not seen as integral to the franchise’s success to being able to demonstrate profitability, these are the things you must do in the run-up to a sale
From point-of-sale technology to accounting apps, technology is disrupting the way franchises manage their finances
With new rates coming into effect this month, what could it mean for franchisees?
Franchisees should expect to to draw an income they can live on. But what determines the size of their pay packet?
With the franchising sector in such a healthy state, it’s important that we don’t let debtors derail businesses and cause terminal cashflow problems
While some franchises may be wishing they had a crystal ball to navigate them through these uncertain times, creating a cashflow forecast is the next best thing