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The Key Steps of Setting Up a Franchise in Australia

Watch this presentation to discover the essential steps for setting up a franchise in Australia successfully.

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The Key Steps of Setting Up a Franchise in Australia

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  1. WHAT ARE THE KEY STEPS IN SETTING UP A FRANCHISE IN AUSTRALIA? LEVEL 1, 97 GRAFTON ST BONDI JUNCTION, 2022 NSW AUSTRALIA Call Now. 1300855435 INFO@THEFRANCHISEINSTITUTE.COM.AU HTTPS://THEFRANCHISEINSTITUTE.COM.AU

  2. Introduction 2 • ● Generally, prior to investing in a franchise to operate in Australia some serious research and analysis should be made. • ● This presentation discusses some of the essential steps for setting up a franchise in Australia. • ● The first step is to analyse the Australian market with emphasis placed under consumer behaviour, competitors and possible areas of operation. • ● Determine a suitable franchise business model that fits in the market and your business objectives. • ● There is a need to consider the legal factors such as franchising code of conduct in Australia. • ● The use of finance is also important; think about the cost of the overall project, the cost during the implementation of the project, and the return.

  3. Legal and Financial Considerations 3 ● To start a franchise in Australia legal and financial factors need to be considered. ● First, obtain the usual licences and permits required for any business together with those that are relevant to your line of business. ● It is necessary to draw a clear franchise agreement which will determine the requirements for franchisor and franchisee. ● Areas like the fees, the territory, and the ownership of intellectual property should be discussed in this document. ● It is recommended to engage a legal professional specialising in franchise law to ensure that one complies with the Australian law. ● Also, sound funding through the use of personal savings, loans, or investors, must be provided.

  4. Recruitment and Training of Franchisees ● It goes without saying that attracting the proper kind of franchisees is fairly critical in the achievement of your franchise program. ● Conduct a thorough screening process for franchisees and compile the profile that defines the type of person who needs to join the team. ● Conduct interviews and criminal record check as a means of reducing the number of employees to be hired. ● As soon as employees are hired they must receive comprehensive training which includes all aspects of the enterprise including business operations and customer relations. ● Ongoing assistance and coaching are crucial when it comes to keeping homogeneity throughout all the outlets. ● With correct channels established and of continuous support provided, franchisees will stand a better chance succeeding.

  5. About the Company ● If you are thinking of setting up a franchise in Australia, and looking for expert advice, contact The Franchise Institute. ● Our company has been working in this industry for several years and has created multiple successful franchise businesses. ● Our experts are highly skilled and they analyse your business first, before suggesting franchise plans. ● Connect with us today to start a successful franchise in Australia.

  6. CONTACT LEVEL 1, 97 GRAFTON ST BONDI JUNCTION, 2022 NSW AUSTRALIA Call Now. 1300855435 INFO@THEFRANCHISEINSTITUTE.COM.AU HTTPS://THEFRANCHISEINSTITUTE.COM.AU

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