Building a great franchise program is difficult, and getting to be a part of one is no picnic either. To get some answers on how it’s done properly, we got Fifo’s own Australia franchise recruitment manager, Andrew Roberts, to give us his expert 20+ year take on what it takes to be a successful franchisee.
All posts by Will Roffe
“The reward for work well done is the opportunity to do more” – Jonas Salk
As any entrepreneur can attest, success doesn’t mean your job gets any easier. Whether you’re running your own business, or working in any modern, high-pressure job, you know that advancing in your career is synonymous with expertly managing your time.
Finance is a big industry that is dominated by huge banks. In Australia, the main player is National Australia Bank (NAB). Despite being the biggest, however, they aren’t necessarily the best choice for small or medium sized businesses that need invoice financing services.
When a lot of people think about their work goals, the first thing that usually comes to mind is making it out of the door as soon as possible on Friday afternoon. Many workers spend the work week dreaming about what they’ll do when they leave their place of employment. What they don’t consider is that if their career posed a worthwhile challenge, they might actually enjoy showing up.
Running a business inherently carries a significant amount of financial risk. What will you do if a client doesn’t pay on time? What if you lose a contract? What if vital equipment breaks down?When your business is thrown into situations of unexpected financial stress, a standby finance facility can be the lifeline that not only saves your business, but keeps things running smoothly.
Running a business can feel overwhelming and confusing to an entrepreneur who’s just starting out, and the inherent difficulty in maintaining good oversight is one of the most important reasons that so many startups fail in their first few years.
The key to understanding where your focus belongs can be found by examining another competitive arena: sport.
Many inexperienced entrepreneurs start their businesses on the assumption that they’ll be able to use the figures from one month or one quarter to set goals for and predict how the next month or the next quarter will go. This is a huge mistake, because it fails to take seasonal changes into account.
As the economy improves and young professionals gain experience and really hit their stride in their careers, they’re faced with a choice that a lot of ambitious professionals have wrestled with before them: Is it better to climb the ladder and make your way in an established organisation, or to create your own vision by building a new business from the ground up?