Franchise New Zealand - Year 32 Issue 04 – Summer 2024

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hat are you looking for out of life? More control, more security, more money? Are you looking to provide a better future for your family, or a better lifestyle? Are you looking to change what you do or where you live? If so, you’re not alone. A survey of visitors to our website reveals that the top three reasons people look at buying a franchise are: • Greater income and wealth-building potential • Better life balance • More security and stability Other reasons given include: more security and stability; achieving a personal challenge; making a career change; having greater control; building something to pass on to the children; and more flexibility. If you choose well, buying a franchise can significantly increase the chances of getting what you want out of owning your own business – and significantly reduce the risks of self-employment, too. It also makes it easier to raise the finance, because banks are often more willing to lend to people buying into a franchise with a proven brand and systems than they are to independent start-ups. That’s why buying a franchise can help you change your destiny. Our cover star, Nick James of Jani-King, which is the newly-crowned Westpac Supreme Franchise System of the Year, describes their goal as ‘Changing lives, one business at a time.’ You can read more about the Awards on page 24, and more about Jani-King on page 32 – but first, let’s look at why franchising works for so many different people in so many different types of business.

Ready to go When you buy a franchise, you’re buying a ready-made business format that someone else has researched and developed for you. You may be opening your own business in a brand-new location, but all the product design, service processes, management systems and profitability studies have been carried out already. It’s still up to your own efforts to make it successful, but someone else has already proved that it can succeed if you follow the system. If you’ve never worked for yourself before, you won’t believe how hard running your own business will seem at first. But if you buy a franchise, because of the guidance you receive from an experienced franchisor, your own hard work will always be directed to the right areas. That saves your time, effort and money from being wasted on trying things the franchisor has already discovered don’t work.

Training

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How can buying a franchise change your life and help you achieve your goals?

When you buy a franchise, a good franchisor will ensure that you are fully trained in every aspect of running your business – not only using the equipment but managing people and cashflow, creating your customer database, purchasing, promoting the business, and lots of other things. In many cases, this will extend to setting up your accounts on a computerised system using a standard template (something that can save you a lot of time) and setting measurable and achievable goals for your business using Key Performance Indicators (KPI’s). No-one expects to be a winner straight away, but by sharing and comparing statistics from other franchisees in the same group, you can see how to improve your performance and stay on track as you grow. In addition to this, you should get a detailed operations manual to help you apply the systems and processes you’ll need to run your business efficiently and profitably. Franchise New Zealand

Summer 2024

Year 32 Issue 04


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Franchise New Zealand - Year 32 Issue 04 – Summer 2024

4min
page 74

Income & Lifestyle? FIXED!

5min
page 15

Delivering A Brighter Future

4min
page 14

Putting It All Together

5min
page 13

Franchise Hall of Fame

3min
pages 98-99

TOWARDS THE FUTURE

5min
pages 82-83

SIT BACK AND RELAX

4min
page 81

BIGGER & BETTER

5min
page 79

BLACK GOLD

5min
pages 73-76

GROWING with intent

3min
pages 72-73

Get The Right Advice

9min
pages 68-71

INCOME ALL YEAR ROUND

5min
page 67

HOUSING BOOM

4min
pages 65-67

SCALING THE HEIGHTS

5min
pages 63-64

QUESTIONS to ask franchisees

9min
pages 60-61

BE THE LOCAL GUY

5min
page 59

CENTRAL PERKS

5min
pages 57-58

THREE’S COMPANY

4min
page 56

STAYING ON COURSE

5min
pages 53-55

DESTINY

8min
pages 6-7, 50-52

JUST ADD WATER

5min
page 49

Employees or Franchisees?

8min
pages 46-49

new franchise fills INDUSTRY VOID

5min
page 45

Increase your chances of success

6min
pages 42-45

PAY LESS EXPERIENCE MORE

4min
page 41

ADAPTABILITY INCREASES OPPORTUNITY

3min
pages 37, 39

A NEW CHALLENGE

7min
pages 38-39

IT’S ALL ABOUT PEOPLE

5min
pages 35-38

Wisdom from Wellington

5min
page 55

BECAUSE WE CARE

7min
pages 32-33

THE POWER OF BELIEF

5min
pages 31-32

Your Choice

5min
pages 28, 75

TIME FOR A FRANCHISE REVIEW?

3min
page 22

BATTLE OF THE BRANDS

21min
pages 24-29

Inside Track

5min
page 23

sustainable products SUSTAINABLE BUSINESS

5min
pages 21-23

Retail Travel Brand Has Marketing Edge

4min
pages 20-21

Cashing In, Cashing Up

5min
page 19

A Guaranteed STRONG START

3min
page 11

THE JOY OF SAVINGS

5min
pages 9-11
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