Franchise opportunities offer a pathway to entrepreneurship with a proven business model, making the dream of owning a business more accessible. When seeking the right fit, consider your interests, skills, and financial capacity. Research various franchises, assessing their industry, brand reputation, and support system. The key is to align your passion with a franchise that resonates with you, ensuring your long-term commitment. Furthermore, evaluate the franchisor's track record, training, and ongoing support to help you succeed. Financial feasibility, including the initial investment and potential ROI, is crucial. Finding the perfect franchise fit demands thorough due diligence to secure a successful and rewarding entrepreneurial journey.
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10/15/2023 0 Comments Pact Group urges shareholders to reject ‘opportunistic’ $234m offer from Kin GroupThe independent directors behind one of Australia’s largest packaging companies, Pact Group Holdings (ASX: PGH), have today urged shareholders to reject an ‘opportunistic’ $234 million offer from Geminder family-owned investment company Kin Group. The bid, which was initially lobbed one month ago, would allow Kin Group to take control of the remaining 50 per cent stake in PGH it does not own. The company was co-founded by Kin Group chairman Ruffy Geminder and his wife Fiona - the daughter of late cardboard king Richard Pratt - in 2002. In a statement released on the ASX today, Pact Group said the offer was made at a time when shares were trading ‘at the low end of the range…over the five years leading up to the date of the offer’. The bid also represents a 4 per cent discount to the volume weighted average trading price per Pact share from when the offer was announced on 13 September to 11 October. “The Independent Expert has concluded that the offer of 68c per Pact Share is neither fair nor reasonable and is below the Independent Expert’s estimated value of a Pact Share of $1.06 to $1.51,” Pact Group said in an ASX statement. www.businessnewsaustralia.com/articles/pact-group-urges-shareholders-to-reject--opportunistic---234m-offer-from-kin-group.html Multi-storey warehouses are on the rise in Australia, signaling a shift in the country's logistics landscape. As urbanization and land scarcity increase, multi-storey facilities offer a solution to the space challenge. Major cities like Sydney and Melbourne are leading the trend, where land prices are steep. These vertical storage solutions cater to the booming e-commerce industry, reducing delivery times and costs in densely populated areas. Though not yet the complete norm, multi-storey warehouses are gaining prominence, adapting to the changing dynamics of urban warehousing. The future may see these facilities becoming increasingly common, revolutionizing the way Australia handles its logistics and distribution needs.
www.commercialproperty2sell.com.au/blog/2023/09/are-multistorey-warehouses-becoming-the-norm-.php Navigating Franchise Disclosure Documents (FDDs) is crucial for potential franchisees. FDDs are legal documents outlining essential information about the franchise. Start by reviewing the Item 1 summary to understand the franchisor's background. Pay attention to Item 7 for initial investment details. Item 19 provides financial performance representations, if available. Scrutinize franchisee obligations in Item 6 and any litigation history in Item 3. Seek legal counsel to interpret complex terms. Contact existing franchisees to gain insights. Evaluate the FDD's restrictions and termination clauses. Thoroughly understanding FDDs ensures informed decision-making and a clear grasp of obligations, benefits, and potential risks associated with the franchise.
https://www.franchise2sell.com.au/blogs/franchise/navigating-franchise-disclosure-documents-fdds Stamp duty is a tax imposed on property transactions, including commercial property purchases. The amount varies based on property value and location. To calculate it, determine the property's purchase price and find the applicable stamp duty rates for your area. Often, rates increase in tiers as the property value rises. Multiply the purchase price by the applicable rate, then add any fixed charges. Online calculators can simplify this process. Remember to consider exemptions or reliefs that might apply. Properly calculating stamp duty is essential for budgeting when acquiring commercial property, as it directly impacts overall acquisition costs.
https://www.commercialproperty2sell.com.au/blog/2023/08/what-is-stamp-duty-and-how-to-calculate-it-wh.php Suncorp Group's (ASX: SUN) plans to offload its banking arm to ANZ (ASX: ANZ) for $4.9 billion have been foiled today after the Australian Competition and Consumer Commission (ACCC) rejected the proposal, noting it would likely lead to "customers getting a worse deal" in Queensland.
The sale agreement was announced in July 2022 as part of Suncorp's simplification strategy, and in June this year the group got the Queensland Government on side with a $25 million jobs and investment package, including at least $19 million for a Disaster Response Centre of Excellence in Brisbane and a commitment to hire 120 people at a new regional hub in Townsville. But these efforts have proven in vain for getting the transaction over the line, with the competition watchdog concluding it would further entrench an oligopoly market structure that is concentrated with the four major banks dominating, while limiting options for second-tier banks to combine and strengthen to challenge the Big Four. "We are not satisfied that the acquisition is not likely to substantially lessen competition in the supply of home loans nationally, small to medium enterprise banking in Queensland, and agribusiness banking in Queensland,” ACCC Deputy Chair Mick Keogh says. https://www.businessnewsaustralia.com/articles/competition-watchdog-knocks-back-anz-s--4-9-billion-takeover-of-suncorp-bank.html Franchise financing plays a crucial role in supporting both new and established franchisees in their business ventures. For new franchisees, securing funding is essential to cover initial franchise fees, equipment, and working capital. Many financing options, such as Small Business Administration (SBA) loans, traditional bank loans, and franchisor financing programs, cater specifically to their needs. Established franchisees may seek financing to expand their operations, renovate, or purchase additional franchises. They can leverage their proven track record and business success to access loans with more favorable terms. Additionally, alternative financing options like equipment leasing and lines of credit can provide flexibility to meet evolving business needs. With the right financing, franchisees can maximize their growth potential and achieve long-term success.
https://www.franchise2sell.com.au/blogs/franchise/franchise-financing-for-new-and-established-franchisees 7/20/2023 0 Comments Capital city housing values are still rising but at a slower pace. Here's how things are looking where you areAustralia's housing values increased in June, but the pace of growth has slowed. That's according to last month's data from CoreLogic. The property data firm revealed a 1.1 per cent rise in national property values over June, backing up May's 1.2 per cent increase. One capital city continued to lead the charge, while only one city recorded falling prices. Here's a breakdown of the data. Sydney continues to lead the cycle, according to CoreLogic’s research director, Tim Lawless. Sydney home values increased another 1.7 per cent in June, taking the cumulative recovery since January through to 6.7 per cent.
https://www.abc.net.au/news/2023-07-21/australian-capital-cities-house-and-unit-values-increase-decline/102557920 A proposed mixed-use project with 42 opulent apartments on the site of the Hyde Park Inn has been given the green light by the City of Sydney, with developer Central Element and equity partner MaxCap Group expecting the project to go to the market in early 2024. The two companies had previously forecast the project to be completed in 2023, but was delayed due to the development application (DA) process which is now finally over the line. A spokesperson told Business News Australia the estimated end value of the project is $450 million. The Hyde Park site at 271 Elizabeth Street will be designed by architects Angelo Candalepas and Glenn Murcutt, who will be working together for the first time on a project for the City of Sydney. Candalepas is renowned for his projects All Saints Grammar School, Belmore, and the Punchbowl Mosque, among others. His firm was most recently awarded The Fox: NGV Contemporary in Melbourne, Australia’s largest gallery dedicated to contemporary art and design.
https://www.businessnewsaustralia.com/articles/central-element--maxcap-get-green-light-for-hyde-park-development.html Setting clear goals is essential for efficient business operations and overall success. Here are key steps to follow. First, define specific, measurable, achievable, relevant, and time-bound (SMART) goals. Break them down into smaller, actionable tasks. Second, align goals with the overall business strategy and mission. Ensure they are realistic and align with available resources. Third, communicate goals to the entire team, ensuring everyone understands their role in achieving them. Fourth, regularly track and measure progress toward goals, adjusting strategies as needed. Finally, celebrate milestones and accomplishments to maintain motivation. By setting clear goals, businesses can enhance focus, productivity, and ultimately achieve long-term success.
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