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
How to sharpen your skills to become a successful franchisee
Embracing certain aptitudes can help you fit in as a franchisee and ensure you have a smooth relationship with your franchisor
Making sure financial records are all present and accounted for
Staying on top of your franchise’s accounting records can feel daunting. But ensuring your books are up to date is easier than ever thanks to technology
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
How franchisees can get out of money-related hot waters
Overcoming financial issues can be tricky, particularly when it’s not clear which way’s best to turn. Fortunately franchisees have a built in network of people they can turn to for advice
The art of borrowing money
Before you book that appointment with your bank manager to discuss raising funds for your new franchise, remember that a goal without a plan is just a wish
