7 things that can send your franchise broke

Franchise failure has big consequences. At some stage in the life of a franchise network, there will be franchisees in financial distress. There may be a closed store, a struggling franchisee, or underperformance. Business failure can have a shattering impact on the franchisee. It can also affect families, staff, the franchisor and the wider community. […]

Due diligence and franchise failure

For a prospective franchisee, financial due diligence is essential if you want to reduce the risk of your business getting into financial difficulty later. Rather than hope for the best, it helps if you go in with your eyes open to the risks, and a plan to minimise them. Every new franchisee starts out with […]