Franchises Industry Information
|
Franchising is one of the fastest growing sectors of the Australian economy.
|
The benefits in operating a franchise are significant – the franchisor provides franchisees with the benefits of a substantial knowledge base and systems know-how, with training and the use of brand and reputation.
|
For all of this franchisors are able to enjoy significant upside from franchise fees and the like. However, the upside is coupled with significant challenges for the franchisor in ensuring compliance with the franchise system and mitigating the significant risks that come with building a strong brand and reputation.
|
| | In 2004, over 500,000 people were employed in business format franchising organisations under some 850 franchisors. This figure is growing at an annual rate of 14%. Franchising Australia 2004 Survey, Griffith University.
|
| Nova Solutions™ is a scalable corporate governance platform that can be used in businesses of all sizes across all industries.
|
|  | | Compliance with the operational aspects of a franchise system is critical to ensure delivery of reliable products and services to protect the franchise brands.
|
| Nova Solutions™ Fundamentals provides a platform for effective online communication and training of operating policies and procedures whilst Nova Solutions™ Assurance provides the perfect platform for building a compliance culture in a non-threatening manner and protecting the franchise brand by ensuring compliance of each individual franchise operation.
|
| | | Almost 40% of franchisors experienced serious disputes with franchisees in 2004. The primary cause of these disputes was due to non-compliance with the franchise system. Franchising Australia 2004 Survey, Griffith University.
|
| Nova Solutions™ ensures effective communication of franchise policies and procedures and allows easy identification of compliance issues before they turn into disputes.
|
| | | One of the keys to a successful franchise is balancing the requirement of compliance with franchise systems with the entrepreneurial desires of individual franchisees to own and manage their own business.
|
| Nova Solutions™ provides the perfect solution allowing individual franchisees to add their own touch where this does not conflict with the smooth running of the franchise system.
|
| | | The top 3 issues faced by franchisors are growth and expansion, recruitment and staff turnover, and training. Franchising Australia 2004 Survey, Griffith University
|
| Nova Solutions™ is the perfect scalable platform for managing growth over multiple sites whilst maintaining consistency and quality control. Nova Solutions™'s inbuilt training and testing engines take the pain out of induction and training creating happy staff and reduced turnover.
|
| | | Under the NSW and Victorian OH&S laws, franchisors are responsible for the safety of workers on premises operated by their franchisees. This duty to provide a safe workplace cannot be delegated to a franchisee or independent contractor and breach can result in a fine of up to $1.65 million for the company and $190,000 for individual directors or employees who have the capacity to make decisions affecting the franchisor’s financial status.
|
| Nova Solutions™ delivers detailed Occupational Health and Safety and Injury Management Programs to individual franchisee sites. These programs contain detailed policy content as well as online tools to allow you to manage the specific hazards you may identify within your workplace. Nova Solutions™ is a small investment to protect your staff from injury and protect responsible directors and managers from potential personal liability.
|
| | |
|
|
| | News,
White Papers & Useful Links
| Watch this space for the latest news, papers and useful links.
|
|
|
