‘When COVID hit, I bought out my competition’: SpeedFit CEO on acquiring rival during the pandemic

Matej Vaharlike, Speedfit CEO and Co-Founder | Image provided

“Out of a global pandemic came an unusual opportunity and we took it.”

The secret ingredient of a successful franchisee

By Aaron Smith, KX Pilates founder Many in the franchising industry believe that you shouldn’t recruit franchisees with zero business experience. Here’s why I think business experience matters less than you think. There’s a standard list in franchising that outlines what traits potential franchisees should have and ‘past business experience’ or ‘business acumen’ is often… Continue reading The secret ingredient of a successful franchisee

6 tips for building millions in revenue

Former HR Manager, James Trenerry turned a $40,000 debt into a successful KX Pilates franchise enterprise, generating a revenue stream of $2.5 million. Here are his tips for business success.   Define your vision A clear vision and strategy is essential to reach your goal This sets the tone for your business direction, objectives, and… Continue reading 6 tips for building millions in revenue

Expert Robert Bryden shares his legal tips for franchisees

Australia is thriving with over 1,300 franchise businesses in a range of industries, earning over $181 billion dollars in revenue and continually growing. [1] In recent times, however, more franchisees have found themselves in a dispute against their franchisor. These problems generally arise for one of two reasons – either the franchisee has not been advised… Continue reading Expert Robert Bryden shares his legal tips for franchisees

Why millennials are the future of franchising

It’s no secret that millennials have developed a bad reputation, particularly when it comes to the workplace. Baby Boomers and Gen Xs tend to have a not so complimentary view or the younger generation – but could these millennials have more potential than first meets the eye? [Related: How to transform franchisees into entrepreneurs] Typically… Continue reading Why millennials are the future of franchising

Want to get more out of your business by doing less? Tips for budding franchisees

There’s a common misconception in the small business world that being your own boss means you sacrifice a healthy work/life balance. While putting in extra hours can be important, particularly in the early stages of your journey, there are certain tricks and systems you can put in place to ensure your business will thrive in… Continue reading Want to get more out of your business by doing less? Tips for budding franchisees