Published in Inside Franchise Business, February 2019
If you are considering starting a business and the costs are already weighing on your mind, there are a few things you can do to help ease the financial pressure before any documents are signed.
The majority of cash-strapped franchisees will look to cut things from their business, in an effort to chip away at operating expenditure, however the best practice is to get it right from the start and adjust as time goes on.
Peter Buckingham is the Managing Director of Spectrum Analysis Australia. He is a certified Management Consultant, and a Fellow of the FCA and IMC.