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Franchise essentials: What you need to know before you buy

Summary

For anyone who dreams of running their own show, buying a franchise is a proven alternative to the risks of starting a business from scratch. At its best, it will hand you the keys to drive a tried and tested model with backup support when you need it. At worst you could end up buying the business equivalent of a lemon. Get to grips with everything you need to know before you sign on the dotted line at this essential workshop packed with tips, tools and expert guidance about what to ask to decide if buying a franchise is right for you.

Details

Buying a franchise that instantly plugs you straight into the successful track record of an established brand, service or product makes this a popular alternative to kick start a small business dream. Like most big decisions in life, however, there are no guarantees. Often it’s what you do before you get started that will help you, firstly, understand how the franchising business model works in practice and, secondly, decide whether buying into one is right for you. So, take the guesswork out of your next steps and get all your questions answered up front at this practical two-hour workshop led by a franchise expert with real-life know-how and lots of insight to share. Learn how franchise finance works, get across the Franchising Code of Conduct, the personal and commercial risks, how to minimise them and how to evaluate, and then choose, the right franchise for you. What you discover will help you to develop a clear vision of your ideal franchise opportunity, and feel better informed to make a decision before you sign on the dotted line. Get ready to find out everything you need to know about buying a franchise at this essential Small Business Victoria workshop, one of many that have helped business get started in Victoria for more than 10 years. Learn how to: • Decide whether franchising is for you • Compare different franchise systems • Understand and assess the personal and commercial risks • Evaluate finance options • Understand the Franchising Code of Conduct and the Australian regulatory environment • Assess Agreements and Disclosure Documents and understand their implications before you sign • Develop a franchising action plan that’s matched to your circumstances • Seek professional advice • Access comprehensive guidance on every aspect of buying a franchise – from organisations, government agencies, in publications and online.

Session Times

Location

CoWork Me
245 St Kilda Road
St Kilda 3182

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CoWork Me
245 St Kilda Road
St Kilda 3182
Bookings Open
Contact Information

9209 6777
business@portphillip.vic.gov.au
Economic Development

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