08 February 2016

Money talks

People go into franchising for different reasons – independence, flexibility and a career change are all common ones. But for many, the primary motivation is financial – they want to invest their savings into a profitable business model which will secure the future for themselves and their loved ones.

But how much money can you expect to make in a franchise? The profit from a franchise is dependent on many factors. One of the big factors is the type of franchise you buy, so before you choose a franchise to invest in, make sure you’ve considered the below vital financial questions to make sure it is the right business for you.

21 January 2016

How to work with family

Many franchisees enter the world of franchising by buying a business in partnership with family members. Working with family can be a rewarding and fulfilling experience, but it also has the potential to present some challenges. Here are the six questions you need to ask yourself to not only survive, but flourish in a family franchise:

Can your family with stand the pressures of a business?
As with any new business venture, you need to carefully consider whether your family member is the right person with whom to run a successful franchise. Before making the decision to partner with a family member, take a close look at your family dynamics. Is your relationship honest and open? Do you have mutual respect and skills that complement each other? These are the elements to set yourself up for success from the outset.

14 January 2016

The first three years - how to make your franchise a success

Franchising can take much of the risk out of starting a business, as you’re investing in a trusted business model with expert support. However, as with all new ventures, getting it right in the first three years is critical for future success. Here are some tips to help you get it right.

Have a business plan

09 December 2015

Finding Mr or Mrs Right

When searching for your significant other, there are many things to consider before making the commitment, putting a ring on it and settling down. It is not a decision that should be taken lightly, but when you find the right person, it can be among the most rewarding things you ever do.

The same principles apply when you’re buying a franchise – in many ways the franchisor / franchisee relationship is just like a marriage. Here are four things to remember when looking for the right franchise for you.

03 December 2015

Is this your new business? Bedshed franchises available in North East Queensland

Have you ever considered the possibility of becoming a franchisee?A unique opportunity is currently available to own a Bedshed franchise in North East Queensland!

This is an exciting opportunity for someone who is looking to joina franchise with an existing loyal customer base and a proven reputation. Our North East Queensland stores have been operating successfully for many years, meaning there is no need to build the businesses up from scratch.

20 November 2015

5 Steps to finding the right business

Deciding to invest in a business is a big step in itself; it’s a lot of money and a lot of responsibility. Once you have decided to take the plunge, your next step is critical – what business do you buy? Is it an independent business or a franchise? This guide will help you make the right choice for you.

02 November 2015

Three mistakes people make when starting a business

Starting a business is an exciting time. Indeed, after years of working long hours for the boss, going out on your own seems very appealing. Fiery entrepreneurs will have no qualms diving head first into a new venture but, for most of us, the fear of failure lingers. When one’s life savings, relationships and lifestyle are on the line, it’s important to take the time to get things right.

18 October 2015

Marketing gets a boost

We’re delighted to announce we’ve just boosted our marketing team here at Bedshed with two brilliant new hires. Luke Clarke joins Bedshed as National Marketing Manager, with Daniel Fordyce stepping into the role of Assistant Marketing Manager/ Digital Specialist.

Luke has over fifteen years’ experience managing brand image, with recent roles at Industrial Recruitment Partners and Minkz Furniture and Homewares, along with managing the marketing for 200 trade stores in the UK.
Daniel has more than ten years’ experience in the marketing world and has recently driven digital campaigns for the likes of American Express and Tourism Western Australia.

29 September 2015

Building brand trust - and keeping it

In conversations with franchisees and other friends in the industry this week, I’m again reminded of the importance of trust when building your brand. I’ve been in business for 25 years, and along the way I’ve picked up a few tips on how brand trust can be built and maintained.

10 September 2015

Relationships matter

"You can take my factories, burn up my buildings, but give me my people and I’ll build the business right back again."

These insightful words are those of great businessman Henry Ford, and they got me thinking about what we’ve learned about great customer relationships here at Bedshed, and the three great benefits of prioritising relationships in business.