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A Comparative Analysis Of Advisory Boards And Franchise Advisory Councils | BDC Partners
An Advisory Board (as opposed to a governance-focused board) and Franchise Advisory Councils (FACs) are pivotal structures within organizations, serving distinct but complementary roles. This comparative analysis explores their practices, highlighting the nuances and best practices.
Victorian Workers Compensation 5% Discount Offer | BDC Partners
Benjamin & Benjamin Insurance Group have partnered with Ox Finance to offer you a premium funding agreement on your Work Cover premium that gets Victorian Workers a compensation of 5% discount. This premium funding agreement is short-term financing for your total annual premium, which allows you to repay your premium in equal monthly instalments.
The Importance Of Estate Planning For Business Owners| BDC Partners
Estate planning is often associated with personal wealth and the distribution of individual assets upon death. However, for business owners, the importance of estate planning cannot be overstated. It serves as a crucial component in ensuring the continuity, stability, and future success of a business. This article explores the critical reasons why business owners must prioritise estate planning and the key elements involved in this process.
Exciting Merger Announcement: BDC Law And Gable Lawyers | BDC Partners
We are thrilled to announce a significant milestone in the legal landscape as BDC Law and Gable Lawyers join forces, effective July 1, 2024. This merger marks a strategic decision aimed at enhancing our capabilities and expanding our service offerings to better serve our clients.
Enhancing Retail And Hospitality With Digital Display Boards | BDC Partners
In today's fast-paced retail and hospitality industries, capturing customer attention and providing real-time information is crucial. Digital display boards are increasingly becoming an essential tool for businesses aiming to improve customer experience and streamline their operations. These dynamic displays offer numerous benefits, making them a smart investment for any business looking to stay ahead of the competition.
Zorakle Profiling: A Secret Weapon In Franchisee Selection | BDC Partners
How do you decide if your prospective franchisee is the right person for your business? Gut instinct can only get you so far which is why we’re diving into the world of Zorakle Profiling and how it’s revolutionising franchisee selection here at BDC.
Protecting Your Brand: The Power Of Trademarks | BDC Partners
This article delves into the importance of trademarks for franchisors and how they differ from business name registrations. We will explore recent case studies that highlight the power and pitfalls of safeguarding your intellectual property (IP).
BDC Partners Wins Supplier Of The Year In The Franchise Council Of Australia Excellence In Franchising Awards | BDC Partners
We are thrilled to announce that BDC Partners has been awarded Supplier Of The Year at the Franchise Council of Australia's National Franchise Convention in Cairns in May 2024.
7 Proven Ways To Boost Your Business Sales In 2024 With RetailCare People Counter Solution | BDC Partners
7 Proven Ways to Boost Your Business Sales in 2024 with RetailCare People Counter Solution. In the fast-paced world of retail and dining, staying ahead of the game isn't just an advantage—it's a necessity. As we step into 2024, it's time to rethink traditional sales strategies and embrace the power of technology to skyrocket your business success.
4 Reasons You Should Choose A Franchise Lawyer Over A Business Lawyer | BDC Partners
If you are considering becoming a franchisee and investing in a franchise business in Australia, engaging the expertise of a franchise lawyer over a business lawyer is crucial to navigating the complexities of franchising law and safeguarding your interests. Below are four reasons why franchisees should strongly consider engaging a franchise lawyer over a standard business lawyer.
The Future Of Franchising | BDC Partners
The Future of Franchising. Around this time of the financial year, we know that businesses engage in a period of reflection, evaluation, and planning (or at least they should). A comprehensive business review cycle, should be used to foster stronger engagement not only within the company but also with clients and the broader sector.
BDC Law Nominated For Lawyers Weekly Partner Of The Year Finalist | BDC Partners
We are thrilled to announce that the CEO of BDC Partners, Bruce McFarlane, and Managing Director of BDC Law Jane Garber-Rosenzweig have been nominated as Innovator of the Year, Corporate Partner of the Year and Competition, Trade and Regulation Partner of the Year in the Lawyers Weekly Partner of the Year Finalist.
BDC Partners Welcomes Benjamin & Benjamin To The BDC Collective | BDC Partners
BDC Partners is thrilled to introduce Benjamin & Benjamin insurance broker into our suite of businesses as a key member of our Collective. We firmly believe that success depends on fostering connections and networking effectively. That’s why our extended network comprises a diverse range of businesses.
Navigating Franchisee Engagement And Performance With Industry Leaders | BDC Partners
At the most recent BDC Performance Operations Performance eXchange, leaders from franchise systems across Australia had an opportunity to sit down and discuss challenges in their current franchise systems. In our most recent meeting, there was a clear focus on two current areas of challenge, franchisee engagement and performance.
Retail Site Selection: 7 Tips To Help Choose The Right Retail Site | BDC Partners
When it comes to setting up a retail business, the old adage "location, location, location" couldn't be more accurate. Retail Site selection is akin to laying the foundation of a house. Get it right, and you pave the way for a thriving business that attracts customers effortlessly; get it wrong, and you might find yourself struggling against the tide. BDC Property is here to guide you through the maze of site selection.
Revamping Franchise Recruitment: A Case Study In Success| BDC Partners
In the realm of franchising, the path to success is often paved with challenges, particularly when it comes to franchise recruitment. Many franchisors find themselves grappling with the same issues—lackluster leads, stagnant pipelines, and a struggle to stand out in a crowded market. However, one franchisor's journey serves as a testament to the power of strategic overhaul and the transformative impact it can have on business growth.
An Educated Rant: The State Of Franchise Growth | BDC Partners
There are 2,569,000 businesses registered for GST in Australia (ABS) on average there are 350,000 new businesses registered each year. Last year there were 475,000 registered. 60% of those will fail over the next 3 years with 50% of them profitable…creating a decline in franchise growth.
BDC Executive Group March 2024: Why Franchising Is A People Business | BDC Partners
At our BDC Executive Group March meeting the topic of recruitment and more specifically resales of existing units were discussed in detail. Led by David Lindsay, Director of BDC Franchise Recruitment at BDC Partners, the conversation pivoted around Why Franchising is a People Business. Below are the observations and key talking points.
BDC Partners Welcomes RetailCare To The Collective | BDC Partners
BDC Partners is thrilled to present RetailCare as your latest growth partner, joining our suite of businesses as a key member of our Collective. We firmly believe that success depends on fostering connections and networking effectively. That's why our extended network comprises a diverse range of businesses.
Understanding Retail Lease Renewals | BDC Property Partners
Understanding the process of retail lease renewals is key to ensuring a successful lease renewal that works to your best advantage. That’s where BDC Property comes in. We’re dedicated to helping retailers navigate the complex world of commercial Retail Lease Renewals.
Unfair Contract Terms - Why Franchisors Should Review Their Franchise Agreements
Franchisors should be well aware by now that the amendments to the Unfair Contract Terms regime have been in effect since 9 November 2023. BDC Law provides a quick recap on why franchisors should review their franchise agreements
BDC’s Take On The Independent Review Of The Franchising Code Of Conduct
As highlighted in our preliminary report summary published on our blog earlier this week, the Independent Review of the Franchising Code of Code of Conduct (“Review’) was released on the 8 February 2024. As promised, we have dug a little deeper into the Review and have provided a more comprehensive take on the Review.
The Power Of Collaboration: The Value Of Peer–to–Peer Learning For Founders & CEO’s
Peer-to-peer learning offers CEO’s a unique opportunity to gain insights and perspectives from industry peers and seasoned professionals through collaboration. By engaging in constructive dialogue and knowledge - sharing sessions, CEO’s can exchange best practices, innovative strategies, and valuable insights derived from their collective experiences.
Unveiling Time To Hire: Direct Vs. External Talent Acquisition Support
With a ‘time to hire’ for specialist roles between 4 and 5 weeks, compared to more than 8 weeks for many overwhelmed internal hiring teams, we could ensure they maintained productivity levels and a focus on key deliverables such as new openings, conference planning and franchisee engagement.
Preliminary Summary Of The Independent Review Of The Franchising Code Of Conduct (“Review”) | BDC Law
On 8 February 2024, the Minister for Small Business, the Hon Julie Collins MP, released the anticipated Independent Review of the Franchising Code of Conduct (“Code”). As the Code is due to sunset in April 2025, it is timely that the government and stakeholders in the industry have the opportunity to assess the lay of the land and gauge what should be done (or not done) going forward in the franchising space.
Franchises: 5 Key Considerations When Buying And Selling | BDC Partners Law
Franchises: If you're considering buying or selling a franchised business, it's essential to understand the key considerations to ensure a successful transaction. In this article, we'll discuss five critical factors to keep in mind when entering into a franchising agreement.
Franchises: 5 Key Considerations When Buying And Selling | BDC Partners Law
Franchises: If you're considering buying or selling a franchised business, it's essential to understand the key considerations to ensure a successful transaction. In this article, we'll discuss five critical factors to keep in mind when entering into a franchising agreement.
Franchises: 5 Key Considerations When Buying And Selling | BDC Partners Law
Franchises: If you're considering buying or selling a franchised business, it's essential to understand the key considerations to ensure a successful transaction. In this article, we'll discuss five critical factors to keep in mind when entering into a franchising agreement.
Franchises: 5 Key Considerations When Buying and Selling – BDC Partners
Franchises: If you're considering buying or selling a franchised business, it's essential to understand the key considerations to ensure a successful transaction. In this article, we'll discuss five critical factors to keep in mind when entering into a franchising agreement.
Are You Planning To Utilize The Census To Shape Your Business Growth Strategy In 2024?
As we approach the final two months of 2023, numerous franchisors and businesses are preparing to review the year and set forth business growth strategies for 2024 - are you using the census to assist you with these plans?