Blog
Running your business through a family trust
There are key advantages to run your business through a family trust structure. This post discusses the three most popular reasons for running a business through a family trust structure. It also discusses disadvantages of using a family trust structure to run your business through.
The real reason to review financial reports.
Financial statements show us the financial performance of a business. They show the profitability and also the financial strength of the balance sheet. But this is only useful if one takes the time to actually look at the reports to see it for themselves. Many business owners do not look at financial reports. And even if they did, they would not understand what they are looking at. It is up to franchise accountants to explain what is in the financial reports and how they can help the business owner.
“How much profit should I make?”
Making a profit is one of the fundamental elements of running a business. It means the business is sustainable in its own right, can provide employment, which allows employees to earn a living and pursue their own dreams and aspirations. But the question is often asked about the level of profit and whether it is sufficient. This article addresses this question and considers alternative methods to assess the appropriateness of profitability.
Obligations to refurbish your franchise.
There are many situations where a tenant is required to undertake a refurbishment of their premises. This can be required either by the franchisor or the landlord. There can also be significant costs involved so it is important to have a clear understanding at the start regarding the future capital expenditure requirement.
“What is a Business Health Check?”
A business health check is one of the tools franchise accountants use to assess the financial health of a business. A business health check provides insights into the financial performance of the business. It identifies the strengths of the business, while also highlighting areas of risk and exposure. It is one of the most important tools for a business and franchise accountant.
“Should I buy an IGA Supermarket?”
This article focuses on the key issues to consider if you are looking to buy an IGA Supermarket franchise business. This is an important decision so you should carefully do your due diligence and review the numbers of the business before you buy.
Can franchising teach small business anything?
Here are our top 10 favourite elements of franchising which can provide good foundations for any business. It’s useful to consider which apply for you.