Fascinated about franchising?

Starting a business - and knowing whether to start from scratch or to buy an established one presents a raft of questions and generally means a mountain of research!

Taking this step during a challenging economic climate may also be daunting and time consuming. Many people decide to buy a franchise, because they want an established system or brand and the ongoing support of a franchisor. If you want some answers about Franchising, RentHire.com, a member of the Franchise Council of Australia, has compiled these tips:

• 1. Get someone else to find a suitable franchise for you. www.franchisemart.com.au or 1300 76 11 57 FranchiseMart is a free service to help you source the most suitable franchise for business professionals.
• 2. Research, research, research - online and in print! Visit franchisebusiness.com.au ? the official directory of the Franchise Council of Australia. Read industry publications such as: insidefranchising.com.au, Franchising magazine or visit www.whichfranchise.net.au
• 3. Be on the lookout for successful franchisors and franchisees every day! Read the major metropolitan newspapers and take note of successful brands or brands on the move.
• 4. Talk to people about their experiences with franchises. Find out the good, the bad and the ugly. You?d be amazed at how many times in your life you have come into contact with a franchised business!