Updated every 10 minutes of every day en-au Copyright: (C) Reed Business Information http://www.franchisebusiness.co.nz http://www.franchisebusiness.co.nz/c/Stewart-Germann-Law-Office/Stewart-Germann-Law-Office-provide-advice-on-looking-to-buy-at-Auckland-Franchise-Expo-2010-n894311 Franchise lawyers at Stewart Germann Law Office have provided some important information to consider before purchasing a business at The Auckland Business Opportunities and Franchise Expo 2010, to be held this weekend, from the 13th to the 15th Tue, 10 Aug 2010 10:00:00 GMT http://www.franchisebusiness.co.nz/c/Stewart-Germann-Law-Office/Stewart-Germann-Law-Office-recommends-preparing-for-a-sale-to-help-maintain-the-price-of-the-business-n892650 Stewart Germann Law Office recommends that having the following available for a purchaser conducting due diligence on purchasing a Business can avoid surprises that may result in a request for a reduction in the price: A strategic Mon, 5 Jul 2010 10:00:00 GMT http://www.franchisebusiness.co.nz/c/Johnston-Lawrence/Registration-and-authorisation-of-Financial-Advisers-in-New-Zealand-Draft-Code-of-Conduct-released-under-the-Financial-Advisers-Act-2008-n891915 The Financial Advisers Act 2008 introduces mandatory registration and/or authorisation of all financial advisers, with stringent standards. A draft Code of Conduct was recently published by the Code Committee of the Securities Commission. The Act Fri, 18 Jun 2010 10:00:00 GMT http://www.franchisebusiness.co.nz/c/Stewart-Germann-Law-Office/Rebate-disclosure-advice-from-franchise-law-services-provider-Stewart-Germann-Law-Office-n890888 Stewart Germann Law Office is a franchise law services provider and have the following advice about whether franchisors should disclose rebates to franchisees.Most franchisors who either supply products or arrange for products to be supplied Thu, 27 May 2010 10:00:00 GMT http://www.franchisebusiness.co.nz/c/Gaze-Burt-Lawyers/Gaze-Burt-Lawyers-advise-on-planning-for-success-n890061 Failing to plan is planning to fail.It’s a well known adage – the concept of business planning is something generally familiar to us all. However, despite that, many businesses get by with only ad hoc planning. Very few engage in any formal Fri, 14 May 2010 10:00:00 GMT http://www.franchisebusiness.co.nz/c/ASB-Bank/ASB-Bank-provide-a-guide-to-writing-a-franchise-business-plan-n890298 Starting your own franchise can be an exciting, challenging and daunting prospect. So ASB Bank would like to help you get off to a good start with this guide to writing a franchise business plan. The guide is made up of a series of questions and Fri, 14 May 2010 10:00:00 GMT http://www.franchisebusiness.co.nz/c/Bannister-von-Dadelszen/Bannister-von-Dadelszen-offer-franchise-legal-advice-and-services-n889061 According to Bannister & von Dadelszen, franchising is a specialist area of the law, and is more complex and diverse than a contractual commercial relationship. Therefore, it is essential for franchisors and franchisees to obtain legal advice Wed, 28 Apr 2010 10:00:00 GMT http://www.franchisebusiness.co.nz/c/Johnston-Lawrence/Authorisation-and-Registration-of-Financial-Advisers-is-a-leap-forward-in-the-financial-advice-sector-n872701 Throughout recent years there has been some reform of laws relating to financial advice, however, the last twelve months have been significant in the radical strides made in the Financial Advice Sector. The Financial Advisers Act 2008 Mon, 7 Dec 2009 10:00:00 GMT http://www.franchisebusiness.co.nz/c/Stewart-Germann-Law-Office/Stewart-Germann-Law-Office-explains-why-due-diligence-is-essential-n870072 When buying a franchise great care should be taken. Any franchise purchase will usually involve substantial capital and if borrowing from a bank then security, usually in the form of a mortgage over your house, will be required.If buying a Thu, 19 Nov 2009 10:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/The-personal-property-securities-act-n861864 The Personal Property Securities Act 1999 (PPSA) came in to effect in New Zealand in May 2002. Prior to introduction of the PPSA, most people in business would have been familiar with the company debenture which was a registered charge over the Tue, 14 Jul 2009 18:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/Mergers-and-acquisitions-n861863 Buying or selling the whole business “Acquisition”.Recommend buying the business rather than the shares of a company.Buying shares means buying the history and all the contractual obligations, biggest risk is tax liability or customer or employee Mon, 13 Jul 2009 23:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/Commercial-leases-A-summary-of-the-ADLS-lease-n862892 Entering into a commercial lease requires careful consideration of a range of factors. Foremost, is the ability to meet the rent over a period of time taking into account that rental will increase with regular rent reviews. Other costs that can Mon, 13 Jul 2009 18:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/Commercial-agreements-and-contracts-n862891 Put things in writing. Many deals are done over a handshake or a beer but if you have something to protect or clarify its good to do the business ‘pre-nup’ then put it in the bottom drawer. This is where you record things like limits of your Fri, 10 Jul 2009 23:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/The-Fair-Trading-and-Consumer-Guarantees-Acts-n861693 The difference between the Fair Trading Act and the Consumer Guarantees Act is that, in general, the FTA covers claims about products and services prior to sale and the CGA covers the quality of those products and services after they have been Fri, 10 Jul 2009 18:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/Limiting-risk-in-business-n862890 Get proper insurance, limit your promises and guarantees to customers and limit your responsibility / liability if something does go wrong.1. Get proper insurance – Talk to a good business insurance advisorNormal property insurance – contents and Thu, 9 Jul 2009 23:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/When-a-franchisee-wants-to-sell-their-business-n862889 If it is important to you as a franchisor to have the best operators running and being accountable for a business promoting your brand or products then you should be just as committed to selecting the right people as purchasers of existing Thu, 9 Jul 2009 18:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/The-money-side-of-franchising-n861911 Many people talk about franchising as using other peoples capital to grow your business, this is not entirely accurate. Your core business will not really grow unless you are a manufacturer or importer of products and your franchise system is a Wed, 8 Jul 2009 23:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/What-will-you-need-to-do-to-start-franchising-n861513 Change your role from that of successful business owner and operator, to that of franchisor. It is a new job. It is a head office. Identify and capture the methods, standards, training, procedures and bundle them up so a franchisee can run an Tue, 7 Jul 2009 23:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/Practical-issues-and-considerations-of-franchising-n861353 Would you be a good franchisor? Could you treat franchisees with respect, as business partners? Can you deliver on promises and not try to hide your mistakes?Can you stay motivated to keep developing and growing the business?you deal with trouble Tue, 7 Jul 2009 18:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/So-you-re-thinking-of-franchising-n862888 Why? You have a successful business, or potential business concept and you think it can be replicated and operated by independents. Company owned and managed outlets are not performing.You want to grow your brand and / or expand your presence and / Mon, 6 Jul 2009 23:00:00 GMT http://www.franchisebusiness.co.nz/c/MacDonald-Pilcher-Partnership/Buying-an-existing-franchise-business-n861910 Buying an existing franchise business is different to buying a non-franchised business, and different to simply signing a Franchise Agreement then starting a new franchise business yourself. (Note buying a company or shares in a company is Fri, 3 Jul 2009 23:00:00 GMT