Julie Waites’ Post

Nigel Toplis, MD of The Bardon Group looks at the franchise agreement and why you need to be aware of your responsibilities. "It is critical for franchisees to understand the essence and responsibilities of and in the Franchise. Yes, it is a contract BUT more importantly the franchise agreement lays the ground rules – the very foundation - for the future relationship between franchisor and franchisee."  #franchise #franchising #franchises #franchiseopportunities #franchiseopportunity #franchisebusiness #franchiserecruitmen #franchiseagreements #franchiseadvice https://lnkd.in/eYGXSs7S

As former President of Franchise Operations for FranConnect, a leading franchise management software system, I regularly interacted with fellow suppliers and witnessed their challenges to stand out in an increasingly competitive and crowded market. It struck me how so many suppliers have incredible value to offer, but without the benefit of decades in franchising, they often go unnoticed. Many don’t have the time or the depth to truly prove just how effective they can be. In a sea of similar promises, it’s often the biggest names, rather than the best, that get chosen. This trend of selecting suppliers based on popularity or price rather than quality is concerning. It’s not sustainable for suppliers or franchisors, and ultimately, it hinders the franchise industry’s growth and evolution. After years of seeing this trend, my partner William (Bill) Edwards, CFE of Edwards Global Services and I decided to take action. We launched the Franchise Consortium—a platform dedicated to recognizing and accrediting responsible franchise suppliers who demonstrate excellence. This consortium aims to provide a better, more reliable way for franchisors to identify the suppliers who truly excel. If you are a supplier in the franchising field seeking exposure, start the application process. https://lnkd.in/gS25cq2Y  #Franchising #FranchiseSuppliers #FranchiseSupport #FranchiseGrowth #FranchiseConsulting #FranchiseOperations #Franchise #GersonAdvisoryServices #TheFranchiseConsortium

Interesting article. As a former peak body CEO, I know what it’s like to be the meat in the sandwich: no teeth to hold industry to account, no cash reserves to innovate like commercial entities, entirely dependent on the goodwill of members. The real question for any peak body is what’s the raison d’être - if at all? Defining that - and funding it - is the pathway back. #franchising

Great article from Nigel Toplis, The Bardon Group on how to reduce risk when buying a franchise. Nigel provides 10 steps / questions to help prospective franchisees dig deeper in order to closely evaluate the Franchisor.  Chlo Nicklinson Laurence Bagley  #franchise #franchising #franchises #franchiseopportunities #franchiseopportunity #franchisebusiness #franchiserecruitment #franchiseadvice https://lnkd.in/epEMPegm

🌟 Thinking about franchising but feeling unsure? 🐾 Let’s set the record straight and tackle those myths! 🚀 Explore the real benefits and opportunities of franchising success in our blog. 👇 https://lnkd.in/eWDJREYv #FranchiseFacts #BusinessTruths #MythBusters #Franchising #FranchiseSuccess

Explore the latest insights from Batteries Plus! Our VP of Franchise Development, Victor Daher, CFE, shares his journey and the profound impact #franchising has had on his life in our latest blog. From Brazil to the U.S., Vic’s story is a testament to the transformative power of our franchise model. Dive into his inspiring story and discover how Batteries Plus is leading the charge in power innovation. Read more about Vic's journey and our initiatives: https://lnkd.in/d5pjkj5s Ready to make a difference with a #franchise that powers lives? Join us and explore franchising opportunities with Batteries Plus: https://lnkd.in/dYAzQ6M #BusinessOwnership #BusinessOpportunity #FranchisingOpportunity

A warm welcome back to the BFA franchise sector survey, recently presented by Pip Wilkins QFP Wilkins (BFA) and John Spencer (NIC Group). The last survey was in 2018, and the latest report provides something for everyone, whether they are new to franchising or well-established franchisors. There were two points I was particularly curious about, first, as always, recruitment but also resales. Recruitment is usually number 1 or 2 on most franchisors' priority lists and a hugely important section of any industry survey. It was really interesting to learn that the top 3 recruiting methods were own website – word of mouth and networking – other franchise websites. Very close to the 2018 survey, which was own system website – word of mouth – and social media - with other franchise websites in 4th place. Franchise resales are becoming an important topic. As franchise networks mature it is inevitable that franchisees will want to sell up and retire. The profile of a franchisee needed to take over an established territory is often very different to the profile needed to set up a new territory.  The 2024 survey indicated that 66% of franchisors expected to be involved with planning at least one resale this year, up from 51% in 2018.  And there is more. Members of the BFA can check out the full survey on the Industry Research page of the BFA website here: https://lnkd.in/e6q6wyNC #Franchising #Franchise #FranchiseResales #FranchiseNetwork #FranchiseResearch #BFA

Selecting the right franchise It’s a huge decision, and should never be rushed. Nigel Toplis offers some tips on how to locate the ideal franchise business. 📚Find out more here: https://lnkd.in/eBEwqHVg #franchising #businessnews #franchise

Want to know all the secret costs behind buying a franchise? 🤔 Our Managing Director, Ryan White, writes a regular article for Elite Franchise. This months was all about the true costs of franchising, giving you all of the essential insights before you sign. So make sure to give it a read! https://lnkd.in/eUMvQRYR #welovepets #elitefranchise #article #franchise #buyafranchise

It's so important to know ALL the costs when buying a franchise. As my client Ryan White says, your biggest cost is likely to be your living expenses, mortgage, bills etc for the first 12 months. What about vehicles, premises, and accountancy fees? Check out this article for an insider's guide to the hidden costs of franchising (or not hidden at all if you buy from a reputable The BFA member franchise who is operating in an ethical fashion and will tell you all these costs from the outset!) #franchisingstrongertogether