National Franchise Convention
- 03 OCt 06
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NOTICES
: : National Franchise Convention - 03 OCt 06 |
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Business Bankers Turn To Franchise Services 26.09.06 Franchises are also a popular lifestyle choice for baby-boomers, because of the lower startup risk. With the economy cooling and small business facing increased cost pressures, business bankers are turning their attention to specialist areas such as franchising. Franchising is already a popular business model in New Zealand, attracting $10 billion in 2006, but according to ANZ Bank, the sector could double in size in the next five years.
Applying the time-honoured tradition of “what happens over there happens here.” Retail sales from franchises could easily reach 30-40% in five years time. “We see franchising as a big and growing part of the economy,” said ANZ head of business banking Kevin Hughes. “Among the advantage for any franchisee is that buying a brand carries less risk than starting a new business from scratch,” Mr Hughes said. “One of the main reasons business fail is that they have to figure things out as they go.” More... |
 
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