Franchise Talk with Tereza Murray
By Tereza Murray Franchising
Franchise Talk with Tereza MurraySep 13, 2022
Tips for attracting new franchisees
I often say to business owners that they can have the best operating model in their industry, but if you can’t attract franchisees, there is no point in franchising.
Advice for service-based business owners considering franchising
Tereza gives advice to trades or service business owners considering franchising.
‘Sage’ advice from a so-called experts
This topic really frustrates me, I often speak to business owners that Have been advised by a consultant, mentor or ‘expert’ that to franchise their business successfully, they need to employ franchise managers and BDM’s from the get-go.
A guide to common franchise fee ranges
In this episode, I cover some of the common fees we see in franchise systems and their ranges.
Growth Cost Analysis - Employee's V Franchising in A Mobile Service Business
In this episode, I talk about the cost difference between growing your business through an employee model v franchising. I also give my take on when is the right time to franchise/grow your business.
Selling franchises in today's market
In this episode, I chat with Angie Flemming and Dawn Englebrecht two successful Business Brokers with special expertise in franchise sales.
Angie's extensive franchise background includes being an integral part of launching one of Australia’s fastest-growing franchises which ultimately resulted in her involvement in literally thousands of franchise sales globally. Angie is based in Queensland's Sunshine Coast. firstname.lastname@example.org
Dawn is the Franchise Association of New Zealand's current Chairperson, a position well-deserved through her substantial leadership roles globally across several highly successful franchise brands. Dawn has particular expertise and knowledge in the day-to-day nuances between single unit and multi-site franchisees; Dawn is based in Auckland. email@example.com
Tune in to hear Angie and Dawn cover the following topics
- How the business sales market has changed since Covid
- How the labour shortage and ‘brain drain’ is impacting business sales
- How Covid has influenced the type of business buyers want
- 3 key things franchisors should do to attract franchisees
- The biggest mistake business owners make when selling a business
- Best time to sell your business
How much control do you have in a franchise system
A common misconception about franchising is that the owner loses control of their business....the opposite is in fact true.
What factors influence franchisees to purchase a franchise over an independent business
In this episode, we look at what factors influence buyers when considering a franchise opportunity. Understanding your value proposition will be key to attracting franchise enquiries. It's not as complicated as you may think!