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Why January Is The Busiest Time For Franchise Recruitment—and How To Capitalise On The Momentum In 2025
January is a prime time for franchise recruitment—people are fresh from their New Year’s resolutions and ready to make big changes. Many are looking to invest in a proven business model, like franchising. To make the most of this surge, having automated follow-up systems and smart marketing strategies is key. This way, you can stay on top of the leads, nurture them, and turn them into franchisees with less effort.
The Dangers Of Underinsurance: Why Accurate Property Valuations Matter
Benjamin & Benjamin Insurance Group: Underinsurance happens when your insurance isn’t enough to fully cover your property’s value, often because the valuation is outdated or inaccurate. Since COVID, construction costs have jumped by 30-40%, so it's important to review your property’s value regularly. Relying on online calculators can be risky, as they can be off by a lot. The best way to avoid this is to hire a professional like MCG Quantity Surveyors to get an accurate valuation.
What Franchisors Need To Know About The 2025 Franchising Code Of Conduct
The new Franchising Code of Conduct, effective 1 April 2025, introduces key changes for franchisors, including more civil penalties, requirements for compensation on early termination, and updates on disclosure documents. Some provisions, like compensation for early termination, will only apply from November 2025. Franchisors need to review and update their agreements to stay compliant with the new rules. Make sure you're ready for the changes by getting your documents and processes reviewed ahead of time!
The Supply Chain Crisis: A Business Headache That Just Won’t End
we all know that the supply chain crisis has been ongoing for what seems like an eternity, but here we are in 2024, still battling the aftershocks of disruptions that began back in 2020. If you’re in business—whether it’s retail, manufacturing, or technology—there’s a good chance that you’re still dealing with the fallout. The pandemic might be over, but the ripple effects from shutdowns, port blockages, labor shortages, and geopolitical instability are far from behind us.
Maximising Franchisee Potential
In a franchise network, understanding the unique strengths and areas for improvement for each franchisee can significantly influence both individual and network-wide success. Analysing these aspects allows franchisors to personalise support, enhance business efficiency, and foster a growth-oriented culture that benefits the entire network. A Franchisee Development Program leverages these insights to empower franchisees and elevate overall network performance.
BDC Executive Meeting: Participation, Performance, And Compliance Metrics
In today’s BDC Executive meeting, led by guest presenter Nick Hughes we kicked off a valuable discussion about the metrics that guide our Franchise success. At the forefront were participation metrics, which track how engaged our people are—whether it's franchisees and their teams attending key trainings, customers interacting with our initiatives, or stakeholders collaborating effectively. Without strong participation, even the best strategies can fall flat, making these metrics foundational to everything we do.
Mornington Franchisee Growth And Networking Event Recap
Today marked an exciting milestone as we hosted our first-ever Mornington Franchisee Growth and Networking Event at the Mornington Football and Netball Club. Our goal was simple: bring together local franchisees for an opportunity to share experiences, tackle challenges, and gain insights from industry experts. It was a fantastic morning filled with networking, learning, and community building.
Meet The Team: Jane, A Managing Director Of BDC Law.
meet the team,Jane, a franchise lawyer of the BDC Law team with more than 20 years of experience in franchising, commercial law, retail leasing, and intellectual property. She has worked with franchisors, and experience allows her to provide expert legal advice and services to her clients,
The Importance Of People Capital Planning
People Capital Planning (PCP) focuses on optimizing the potential of an organization’s workforce to achieve both short-term productivity and long-term strategic goals. This strategic approach to managing human resources is crucial for fostering organizational growth, innovation, and sustainability.
BDC Law Achieves Employer Of Choice 2024: A Milestone Success
We at BDC Partners are honoured to be named Employer of Choice 2024 by Australasian Lawyer. This accolade reflects our commitment to a people-first culture, inclusivity, and employee well-being, setting new standards in the legal industry.
Safeguarding Your Assets: A 2-Part Guide For Franchisors
Safeguarding your assets as a franchisor is crucial to ensuring the long-term success and stability of your brand. In this guide, we explore practical strategies for asset protection, drawing from 15 years of experience in the industry. From intellectual property protection to financial management and structural safeguards, learn how proactive planning can help you shield your hard-earned assets from potential risks. Discover the importance of using separate legal entities, trusts, and strong contracts to protect against litigation, operational challenges, and financial instability. Regularly review and update your strategies to adapt to new business environments.
Cracking The Code: 5 Essential Parts Of A Business Plan
Creating a Business Plan is like mapping out a journey through unknown territory - it’s a crucial guide that leads your venture towards success. This plan outlines your goals, strategies, and financial projections. we break down the important sections of a business plan and offer tips for handling both the facts and assumptions.
Strategic Expansion With GapMaps – Anytime Fitness Asia
Anytime Fitness Asia faced the challenge of identifying optimal locations for new club openings across this diverse region. To address this, the franchise partnered with GapMaps, a leading provider of location intelligence tools for Strategic Expansion. This has enabled Anytime Fitness Asia to successfully identify prime locations for its new clubs, resulting in increased memberships and enhanced market presence. This strategic approach is pivotal in ensuring the franchise can continue its growth trajectory, solidifying its position as a leader in the 24-hour fitness industry.
Selecting The Right Site For Your Store: A Crucial Decision For Franchisors And Franchisees | BDC Partners
In the dynamic world of franchising, the location of your store can make or break its success. Whether you are a franchisor looking to expand your network or a franchisee eager to set up shop, the significance of choosing the 'right' site cannot be overstated. This article delves into the intricacies of site selection, emphasising the importance of conducting a thorough site audit to mitigate risks and maximise opportunities.
The CrowdStrike Outage Of 2024: Lessons And Insights | BDC Partners
In an unexpected turn of events, the global IT world faced a massive disruption with the CrowdStrike Outage of 2024. This incident was triggered by a faulty update from CrowdStrike, a prominent cybersecurity firm, that impacts approximately 8.5 million Windows devices worldwide. The scale and impact of this outage have made it one of the most significant technology outage incidents in recent history.
Is Franchise Recruitment And Franchisee Development Really That Hard? | BDC Partners
Franchising has long been heralded as a pathway to business expansion and entrepreneurial success. However, the journey from envisioning a franchise concept to nurturing successful franchisees is often riddled with challenges. Recent statistics highlight the evolving priorities and pain points for franchisors, shedding light on the complexities of franchise recruitment and development.
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.
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.
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.
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.