Cup of sorrow: the brutal reality of Australia’s franchise king – SMH

Adele Ferguson and Sarah Danckert of the Sydney Morning Herald conducted an investigation into Retail Food Group (ASX:RFG). RFG offers franchises in Michels’Patisserie, Donut King, DCM Coffee, Pizza Capers and other companies. The investigation found that many families had invested their life savings, and were now walking away from their stores as they could not make a profit. A key takeaway from this is to ensure that the interests of all stakeholders are aligned. When a franchisor is taking a significant share of revenue, and leaving franchisees to manage expenses, there is no alignment of interests,

InfinityLab offers an alternative future. By investing in new ventures and sharing the bottom line profit, InfinityLab ensures that the interests of all parties are aligned

Job-killers: bank workers at the forefront of massive disruption – SMH

In the eighties it was automatic teller machines. In the nineties it was mass branch closures. In the naughties, it was offshoring. Now, automation and fintech loom as the great finance sector job-killers. For bank employees, it is a time of “massive upheaval and change. While NAB has announced that it will cut 6000 jobs over the next three years, it will however be hiring 2000 new people with digital skills. “The finance industry is at a crossroads,”