Perspective
Franchises: friend or foe?
April 23, 2025
The most successful and prominent franchised brands draw on deep market power. All franchises, great and small, are essentially one-sided in favour of the franchisor and are notoriously difficult to escape or litigate.
Global franchisors look for potential franchisees who are successful but not too comfortable and who will constantly strive to grow their businesses while acceding to every (usually expensive) directive from the head office.
Domestic franchises are often merely distribution or licensing arrangements dressed up as franchises imposing unreasonable complexities and costs on the franchisee.
Finally, buying a franchise may be buying a job, but it may also be a life sentence. Be careful out there.
Many of us will need to help relatives into aged care. It’s complicated. The quality of facilities, management and care is widely variable. At worst, the care isn’t care at all. There are some awful places out there with callous management and substandard buildings. Thankfully, some excellent facilities provide genuine care.
Is your business future-proofed and saleable, or should it be given away or closed?
Due Diligence should not just be a box-ticking exercise, and can be an expensive waste of resources if not targeted and comprehensive
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