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| Edition One-Hundred and Twenty-Eight of the Insider | |||||
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Hello and welcome to this week's edition of The Insider. In Today's News: ~ FCA elects new Chairman and, for the first time, two Deputies. ~ Mortgage broker adds personal loans and other services to its list of offerings. ~ In part two of our fitness series: find out about a mood changing franchise. and in breaking news ~ The Federal Parliamentary inquiry into the operation of the franchising sector has delivered a 125 page report with 11 key recommendations being made.
In Quick Shots news: ~ Futuristic Home Delivery - Pizza's ordered from the comfort of your armchair. ~ Find out which country has released stats showing that one in two of its citizens are looking at franchising.
All of this, and much more of the latest news and opportunities from around the globe in this edition. Enjoy! From the Inside Franchising Team
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CHAIR AND TWO NEW DEPUTIES APPOINTED TO LEAD FRANCHISE COUNCIL |
The Board of the Franchise Council of Australia has elected a new Chairman, and, for the first time, two deputies. George Yammouni, founder of Melbourne-based nationwide franchise Bathroom Werx, was appointed chairman of the FCA for the next two years. The board also elected two deputy chairs – Franchisee representative Tony Melhem and Women in Franchising representative Diana Williams. Mr Melhem is a two-time FCA Franchisee of the Year and is a franchisee at two franchise systems. Ms Williams is the first woman to have been elevated to the Franchise Hall of Fame, the sector’s top honour. She is the founder of award-winning national and international women’s health club group, Fernwood. Mr Yammouni has been a member of the FCA board for the past 6 years and deputy chair for the past two years. He is a former president of the Victorian chapter of the FCA. Mr Yammouni takes the place of retiring chairman John O’Brien (CEO of PoolWerx). Mr Yammouni said he was honoured to have been elected chairman of the FCA, especially at an important time in its development. “2009 is going to be a very important year for franchising, and a very difficult one for small business generally as we go into some of the most difficult economic circumstances in living memory,” he said. “We need to do our utmost to ensure there are no new obstacles thrown up against small business in this challenging period, and especially for franchising, where we have the strictest operating rules of anywhere in the world. I will do my utmost to ensure Governments, regulators and finance providers - including our major banks - continue to acknowledge the very positive contribution franchising makes to economic growth and its strong contribution to Commonwealth tax revenues and compliance. In return, franchising should be encouraged by Governments and regulators, so that it can do what it has in the past – keep business investment rolling when many businesses are closing their purses, or their doors.”
The Franchise Council of Australia (FCA) is the premier body representing Australia's dynamic franchise sector and is a representative voice to Government. The FCA is committed to ensuring professional development, business growth and strong networking opportunities for all its franchisors, franchisees and suppliers. |
EXERCISE THE KEY TO REDUCING WEIGHT DURING MENOPAUSE |
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Gina McElroy has been a regular member of Fernwood in Loganholme QLD for the past five years, and now at age 50, she is testament to how strength training can help women to survive the trials of menopause. “My personal trainer has guided me in my strength training one to two times a week since I joined the gym. It has helped me to lose 8kg and also enabled me to compete in running events that I previously never had the strength to compete in,” Gina said. She explains how the regular exercise not only helped to reduce her blood pressure and keep her waistline trim, but she says it has had an amazing impact on her mood. “As any woman who goes through menopause knows, your moods can swing from one extreme to the next, but for me, the exercise really helped to lift my mood and overall health and wellbeing,” she said. “I can’t imagine how I would have survived without making exercise a daily part of my life.” Recent findings from the Garvan Institute of Medical Research have found that women suddenly halve their physical activity levels just prior to menopause resulting in weight gain, particularly around their waistline. “It’s important that women, especially over 50 years of age should incorporate three types of activities into a weekly fitness plan which includes aerobic exercise, flexibility and strength training. Many women may find a personal trainer to be helpful in getting started, maintaining motivation and to ensure they are training correctly,” Ms Long said. Click here for more information about Fernwood Franchising Opportunities |
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| RESPONDING TO THE MARKET VIA DIVERSIFICATION |
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Mortgage Choice is responding to changing market conditions and ensuring it is well prepared for the future by implementing a diversification strategy that will provide the company and its franchisees with supplementary income streams. Mortgages offered by an extensive lender panel will remain the nationwide mortgage broker‘s core business, with the decision to diversify their product offering lying solely with each franchisee. The diversification comprises of personal loans, a stronger presence in commercial loans and insurance, and leasing finance. The company is also in negotiations with a provider of lease bonds for commercial premises. Insurance Mortgage Choice has introduced ALI home and contents insurance, to partner with its existing ALI life insurance offering, and is continually looking at opportunities to increase the number of providers.
Commercial loans Already active in the commercial loans area, Mortgage Choice is expanding and strengthening its focus.
Personal loans Participating franchisees have begun to offer personal loans for the first time. There are two lenders on the personal loans panel so and, again, the company is continually looking at opportunities to increase the number of providers.
Equipment finance Mortgage Choice is in the process of finalising a panel of equipment finance providers, an offering that covers leasing and is mostly chattel mortgages.
The Mortgage Choice franchise network is already embracing these new offerings. Click here for more information about Mortgage Choice Franchising Opportunities
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| BREAKING NEWS
The Federal Parliamentary inquiry into the operation of the franchising sector has delivered a 125 page report with 11 key recommendations being made. > Click here for more details about this story
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Franchise Advertising Opportunities |
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and with prospective franchisees looking for information on opportunities available, now is the time to get your advertising organized.
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Turkey anyone?
> Click here for more details about this story Kids got summer jobs? Don’t get ripped off, watchdog warns students! Tens of thousands of flyers will be distributed at schools, shopping centres, cinemas and cafes in a bid to ensure secondary students taking summer jobs don’t get unwarily ripped off. > Click here for more details about this story Recent reports have suggested that a mobile phone retailer being prosecuted by the competition regulator, may plan to deny franchisses stock in the lead-up to Christmas unless they waive their rights to sue the company. > Click here for more details about this story McDonald's (USA) goes after slice of the gourmet coffee market.
> Click here for more details about this story
23 Shopping Days left until Christmas |
Franchise News ... with the works Pizza Capers Melbourne’s reputation as the pizza mecca of Australia is on the line after Queensland gourmet pizza franchise Pizza Capers announced it was opening its first Victorian store.
Eagle Boys In the five weeks until 15 December 2008, a new Eagle Boys store will open every 39 hours as the company’s rapid growth drive continues.
Pizza Hut Pizza Hut cuts famous "William Tell' number. PIZZA Hut is poised to dump one of the most recognised phone numbers in Australian marketing in a multi-million-dollar move. Customers will be asked to key the fast food chain's name in to their phones instead.
Domino's Ultimate couch potato pizza on way. Australian chain Domino's is lifting the stakes in the pizza wars with a new offering to entice more females into its stores, and a technological investment that hints at the possibility of ordering pizza via your TV remote control.
> Click here for more details about these stories ACCC NEWS Congratulations you have won a free holiday! (actually, no, you haven't) Free luxury holidays to Cancun, the Caribbean, Mexico, Florida, Orlando and Daytona Beach? Sound too good to be true? The Australian Competition and Consumer Commission is warning consumers to be wary of telemarketing calls promising 'free' holidays. > Click here for more details about this story Interested in all the latest news from the ACCC? > Click here to visit the ACCC News Centre.
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*The content of all news items published in this newsletter are published in good faith and are reproduced from information provided by the individual companies or their agents, the subject of said news items. News items from other publications are linked to original source. Inside Franchising Pty Ltd takes no responsibility whatsoever for information and content being true and correct.
NEWSLETTER EDITION 128 - FIRST PUBLISHED 2 DECEMBER 2008 PHOTOCREDIT FOTOSEARCH |