The BFA’s Post

The Independent Review of the Franchising Code of Conduct has been released by the Hon Julie Collins MP. Find out the key findings and recommendations from Dr Michael Schaper in our latest blog post. #FranchisingCodeReview #SmallBusiness #KeyFindings 🔑 2023 Review of the Franchising Code - Key Findings and Recommendations https://hubs.la/Q02mDts90

Uni K Wax Executive Chair, Heather Elrod, shares the benefits of franchising, in addition to sharing growth plans for Uni K Wax and the launch of its new customer-building loyalty program. https://bit.ly/3OjaOsb Read the complete article online! #unikwax #unikwaxfranchise #franchiseopportunity

Listen to our VP of Franchise Development JD talk about Rush Bowls in the franchising industry and the path to business ownership! #Rushbowls #franchisingbusiness #franchisesuccess

Clients often ask me about franchising in the United States of America. The perception is that franchising in the USA is complicated and expensive. However, we have to remember that the North American Franchise Industry has an economic output of 860 billion USD. It is estimated that in 2023 there were more than 800,000 franchise establishments in the United States of America employing approximately 9 million people. If you would like to learn more about franchising in the USA please take a look at our upcoming franchising master class.

In many areas of endeavor and planning, not spending the money to get appropriate professional advice can cost you a lot more than you think you are saving trying to do it yourself. I see this often in my practice area of estate planning but it applies in other fields too. One example: Thinking about getting into a franchise business? Then you need an experienced franchise lawyer. My partner at RRD, Harris Chernow is one of the best in the field. Read his article linked below.

Callum Floyd from Franchize Consultants shares insights from the International Franchise Association (IFA) on the concept of Responsible Franchising to promote good franchising practices. 📚 Learn how to set clear goals and embrace collaboration to drive profitability and long-term outcomes in franchising. Read more here: https://lnkd.in/gNi6_nJg

It was an honor to provide more than 300 attendees at the FranNet Spring Meeting in Jacksonville with a “State of Franchising” update, including the International Franchise Association’s Responsible Franchising Initiative. I shared with this group of emerging & established franchise brands, franchise consultants and franchise sales organizations how each of the players in the franchise ecosystem play a role in ensuring we are franchising responsibly. The five principles of responsible franchising we discussed are: ✅ Setting clear expectations through pre-sale disclosure ✅ Selecting the right franchisees ✅ Providing franchisees with the right amount of operational support ✅ Ensuring franchisee profitability ✅ Embracing collaboration with franchisees to improve the system through Franchise Advisory Councils or Franchisee Associations #franchising

Stay ahead of the game with our industry trend updates on the latest franchising news! #franchiseindustry #businessgrowth

Stay ahead of the game with our industry trend updates on the latest franchising news! #franchiseindustry #businessgrowth