JPAbusiness

We have written a number of blogs on franchising and also created a free Buying a Franchise Planning Sheet.

This week I've published a video highlighting 4 issues you should consider very carefully before buying a franchise.

Topics: business advice, buying a franchise, Franchises, Buying a business, vendor due diligence, Video

Buying a franchise may, on the surface, seem like any other business purchase.

However, a franchise is a special type of business in which the brand and business operational model has been systematised.

A franchise may have additional, more complex requirements for a buyer to consider and meet, but they also tend to come with more ongoing support than regular businesses.

We have created the JPAbusiness Buying a Franchise Planning Sheet to help business buyers assess potential franchise opportunities.

Topics: Franchises, Free download, Template, Buying a business

I read with interest a recent Sydney Morning Herald article about franchising and the questionable activities of some of Australia’s largest franchising groups.

Some very disgruntled franchisees were represented in the article, which also contained views on the pros and cons of the franchise model.

The story reinforced some of my long-held beliefs about franchising, namely that the model sets up an environment perfect for conflict: a franchise is about doing it the franchisor’s way, not necessarily about doing what makes good, solid business sense.

Topics: Buying a business, buying a franchise, Franchises, business advice

Buying a franchise may, on the surface, seem exactly the same as buying a business.

Principally they are the same, except with a franchise the brand and business operational model has been systematised.

While the operational and other support mechanisms that come with a franchise are appealing when compared to an independent business, it’s important to consider the additional requirements and costs you may have to meet.

Topics: Buying a business, Franchises, Starting a business, Due diligence