Home – New Forums Starting your journey Timely story re small business franchises Reply To: Timely story re small business franchises

James Millar
  • Total posts: 1,739

There are some great points you have listed Paul and no doubt they would add some extra protection. At the same time (and before we make new law) we must remember that no one is forcing these franchisees into investing and signing up to the prescriptive rules within a franchise group. Your due diligence items listed above are the type of questions (and many more) that must be answered before someone invests.

So the question is….Why are so many people signing up to these systems and handing over significant amounts of money before they have all of the answers? I think its because they don’t know what questions to ask in the first place. Why don’t they know which questions to ask? Because they don’t get good advice and many (most) lack the capacity to undertake their own due diligence. Who’s fault is that? Caveat emptor

Helping build better businesses and better lives with expert financial and taxation advice. [email protected] www.360partners.com.au 03 9005 4900