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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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. 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.
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. 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.
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.
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.
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 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.
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.
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.
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 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 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.
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
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.
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.
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.
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: 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: 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: 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: 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.