Business format franchising in Australia has proven to be a reliable pathway for many, especially those with little or no experience in running a business, to own and successfully run their own small business.
Australia has a world leading regulatory framework, policed by the ACCC. Unscrupulous and unprincipled franchisors do get caught and prosecuted by the ACCC - I’ve written about some such cases from time to time in this blog.
Most successful small businesses are such because of hard work. Running a reputable franchise system business doesn’t guarantee success, however, but it does reduce the chance of failure.
Even in a successful franchised business, sometimes things go astray, or aren’t working as well as they should. If this sounds like you, here’s a Sydney Morning Herald article by David Wilson with some useful tips that may be just what you need to help you. Together with help from your willing franchisor, your accountant and your solicitor, you still can get back your mojo!
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