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
The dangers of speeding when growing your franchise
What you need to know about the financial risks involved when a franchise network tries to grow too fast
A franchisee's guide to fintech
From point-of-sale technology to accounting apps, technology is disrupting the way franchises manage their finances
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
The financials of flogging a franchise
To get the best out of the sale of your franchise, it’s worth forming a firm grasp on your numbers
Monitoring franchisees’ performance helps franchisors firm up their financials
Gaining an objective handle on how a franchise network as a whole is performing has become much easier in the age of digital accounting
Counting the costs of franchising
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
