1 June 2016

A week in the life of a franchisee

Flexibility is one of the key reasons why many people decide to buy their own franchise and start a new life, but sometimes it’s difficult to get the balance right.

Graham Gibson, of Bedshed Moorabbin, knows a thing or two about managing work and life. A lover of all things health and fitness, and with 35 years of experience in franchising, Graham is a big believer in the importance of not just having a life, but having a lifestyle.

5 May 2016

What I know now: How to make your first 6 months as a franchisee a success

Starting out in any new job can be a challenging and daunting experience, but when it comes to running your own business, unexpected challenges become the norm. Franchising can take much of the risk out of starting a business; however preparation is still vital to make sure your new venture is a success, especially in that critical first six months.

Jennifer and Robert Stewart, of Bedshed Bundall, have a wealth of knowledge when it comes to starting up a new franchise. Having moved from Melbourne to the Gold Coast to open their new store in August last year, Jennifer and Robert are making their store a success.

14 April 2016

Ten things I've learned in ten years

National Merchandise Manager Les Sevel celebrates a decade at Bedshed

Les Sevel, our National Merchandise Manager, recently celebrated his 10 year anniversary with the business. During his time, Les has come to know Bedshed extremely well, and he’s learned a lot since his first day on the job.

7 April 2016

Succession planning for your franchise

Planning ahead for our family’s financial future is something we have all thought about at some stage, and understandably want to get right. Here at Bedshed, we see many examples of a franchise as a sustainable business, but it doesn’t have to stop with you. A franchise can be a great family business that your children or other family members can take part in, and eventually take over.

However, how do you make this transition smooth; ensuring family members are comfortable and able to take over the family business when the time comes?

17 March 2016

Winners of Bedshed's awards for excellence in franchising announced!

Bedshed holds an annual awards night to acknowledge excellence and dedication among our close knit franchise network. We like to give credit where credit’s due, and love the opportunity to get together and celebrate!

There are always numerous awards to present to our wonderful and dedicated franchisees, and this year we were excited to announce a new one.  The celebrating success award recognises someone who has consistently demonstrated that hard work and determination pays off, leading not only to a successful career, but success in anything you put your mind to. Russell Fudge of Bedshed Cockburn, O’Connor and Mandurah, our first winner of the celebrating success award, has not only contributed extensively to the business, but has also been studying and will soon graduate with an MBA. We wanted to take this opportunity to congratulate Russell on his impressive efforts to manage both his career in franchising, and his passion for study.

2 March 2016

Four types of potential franchisee - are you one of them?

Franchisees are a varied bunch - here at Bedshed, we know that finding a successful franchisee is not a tick box exercise. There’s no simple formula. People from a variety of backgrounds, skills and experience have come into our business and made their franchise a success, and Bedshed is richer for this variety.

However, we do see trends. And from these trends, we’ve had a bit of fun pulling together these four franchisee profiles - which one are you?

8 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

9 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.