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The website of the treasury section of the Australian Government has published information on the franchising code of conduct. The “future of franchise statement” has been released by the Australian government. Apart from outlining the government’s policy on reforming the franchisor-franchisee relationship, it furthers what Alan Wein had started last year with his reforms.
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Seven Tips To Run Your Small Business
Even those who have got distinctive leadership traits weren’t born that way. It is just that they picked the tricks faster than others. In this article, let me flatly summarise for you seven tried and tested tips of management.
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Benefits of Purchasing an Existing Business
I know you will say, “I want my student raw rather than worldly wise and hard to be moulded” but believe me, buying an existing business is far less risky a proposition than starting a new one. Yes, a start-up may be closer to your vision, fed by your convictions right from the start and turning out a ‘man’ you want it to be….but is it going to be so easy?
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Do Not Harbour Unreal Expectations While Selling Your Business
The process of selling one’s business is often beset with unrealistic anticipation. Just as buyers looking to buy a running business should expect profits to dip for some time after the exchange of titles (put it down to market perception), sellers should also not fall in the trap of hoping too big.
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Franchises are Great But Tread with Caution
When investors attach themselves to a franchise they reap immediate dividends like customer loyalty, brand reputation and powerful advertising campaigns. Early setbacks which occur with start-ups are easily avoided by becoming part of a franchise. In short, you start churning revenue from the very first hour. So is it rosy all the way?
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What to Look for When We Buy Businesses
Conducting businesses actually asks for a good mix of head and heart. When we buy businesses purely because we are enamoured of them and assume they are a sure-fire way of achieving success and profits, we may just be on the wrong road. There are many corollaries to profit and we can trip over even if we fail on one count.
Fetching the Best Price for Your Business
You have spent a decent part of your working years to build a business so the least you can do is to shake off any element of hurry while selling your business. The idea should be to sell off and not to dispose off. In your bid to get the best price for your ‘baby’ you have got to put in your yards. Let me take you through the must-dos.
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Facts Worth Knowing For Foreign investors In Australian Businesses
Foreign investors buying residential property in excess of $500,000 in Australia get their citizenship applications fast-tracked, helped largely by new government initiatives. Foreign investors in Australian businesses do not get such bounties spread in front of them.
For them, protocols are a lot more stringent and non-compliance fines pretty severe. Let me guide you through what it takes a foreign individual or corporation to invest in an Australian business.
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How Do You Value A Business?
I will start by assuming that you are completely focussed on buying a leather goods shop. Of course, be my guest to change the ‘leather’ bit to something else. The rules of the game remain almost same.
Now that you are planning on buying a business, it warrants your assessing the value of the business. Don’t go by the buyer’s estimate. He will have plenty of reasons to bloat it.
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How A Business Lawyer Can Help Iron Out Your Creases?
Attorneys equipped with the subtle nuances of business law can help your business a great deal with their expertise. For a brilliant entrepreneur a business can be akin to the love story of his life and just as it is with love stories, businesses can also be a roller-coaster.
Sometimes you need to dig deep into your legal reserves and at other times your mental, ethical, and emotional balance might be tested. Business lawyers are blessed with a craft that can make an otherwise meshy terrain look gentle. Here is how he can help you with your business pursuit.
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