Nathan Bonney

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Articles

Is it spring yet?

Oct 2, 2024 | bopbusinessnews.co.nz | Nathan Bonney

Suddenly, it seems, the days are getting warmer, the sun is coming up earlier and the world is feeling a little brighter. Could it be spring, or is there just a renewed positivity in the economic air? There’s no question that the past year or two have been (at best) an uncertain period, through to an outright horrid time for business.
What makes a franchisee successful?

Aug 5, 2024 | bopbusinessnews.co.nz | Nathan Bonney

Franchising offers a structured approach to establishing and running a business. It’s well-documented and statistically proven that franchising reduces the risk associated with being in business. Franchise businesses generally have a high success rate compared to independent businesses. However, not all franchise businesses within the same brand experience the same level of success. This disparity can often be attributed to varying locations, markets, competitive sets, and economic conditions.
Responsible Franchising: What is it, and is NZ already a world-leading practitioner?

Jun 2, 2024 | bopbusinessnews.co.nz | Nathan Bonney

There’s a new phrase that has entered the vernacular of international franchising. It started in the United States, but it’s now used in franchising discussions in the United Kingdom, Australia and soon, no doubt, New Zealand. That phrase is: “Responsible Franchising”. The phrase originated from a report and recommendations made by the International Franchise Association (IFA). IFA is the largest membership organisation for franchisors, franchisees and franchise suppliers in the world.
101 FRANCHISE OWNERSHIP - A comprehensive 10 point guide

Apr 9, 2024 | bopbusinessnews.co.nz | Nathan Bonney

Embarking on the journey to owning your own business can be both exhilarating and daunting. For many aspiring entrepreneurs, buying into a franchise presents a compelling opportunity to kickstart their dreams with a built-in support system. From training and guidance to established brand recognition, the franchise model offers numerous benefits for those seeking a structured approach to business ownership. So, how does one navigate the intricate process of becoming a franchisee?
What happens when you enquire about a franchise?

Mar 12, 2024 | franchise.co.nz | Meredith Taylor |Nathan Bonney

Franchising & You Meredith Taylor and Nathan Bonney are founders of Iridium Partners, who specialise in matching franchise brands and people. Meredith has a background in human resources and general management across a range of hospitality and business sectors; Nathan has over two decades of experience in franchising including operations, sales and marketing, and general management.
Franchise business: highly fundable

Mar 6, 2024 | bopbusinessnews.co.nz | Nathan Bonney

Getting started in the SME business world is daunting. If you are looking at purchasing an existing business, the banks will look at the historical performance of the business, who’s involved, the industry sector, leases, location and a myriad of other factors. If you are looking at a start-up, it gets even harder. Either way, for savvy investors seeking the most fundable ventures, the smart money is on a franchise business.
Initial franchisee training crucial foundation for success

Feb 8, 2024 | bopbusinessnews.co.nz | Nathan Bonney

There are a lot of things you only get to do once, like taking your first steps, your first words, or perhaps that first kiss. Not surprisingly, most of these will rarely be our best effort, but there is another first that you can and should be much better prepared for – this is the initial training you will receive before starting or taking over a franchised business. A franchised business can be an exciting and potentially rewarding venture.
Navigating the tides: franchise business growth prospects in 2024

Jan 4, 2024 | bopbusinessnews.co.nz | Nathan Bonney

Key indicators reveal a complex landscape shaped by inflation, interest rates, immigration, recession, and the influence of political stability and policies. Inflation: balancing act in the economic ecosystemThe spectre of inflation, hovering at around 5.6%, has been a constant companion in economic discussions.
What comes after franchisee success?

Nov 8, 2023 | bopbusinessnews.co.nz | Nathan Bonney

For many franchisee entrepreneurs, the opportunity to run their own businesses with the support and recognition of an established brand is the realisation of a dream. But what if achieving the dream is not enough? What are the options for already successful franchisees to continue growth, be challenged and prosper? A single franchise unit can be a lucrative endeavor, but many franchisees aspire to expand and become multi-unit franchisees.
Five questions for franchisors eyeing growth in 2024

Oct 12, 2023 | bopbusinessnews.co.nz | Nathan Bonney

It’s that time of year when ‘next year’ is just around the corner. For franchise systems focused on growth in 2024, now’s the time to address five key areas. Start at the very beginning. Is there an ongoing and enduring demand for the goods and, or, services that your system provides? This can be a daunting and challenging question that can rock the foundations of any business, but probably one that Video Ezy should have asked themselves in 2008.