Encouraging Indigenous Self-Employment in Franchising

Although originally touted as a business mechanism to encourage self-employment for minorities, franchising has not lived up to initial expectations. While minority ownership in franchising in the USA has shown considerable growth over the last two decades. This has not been the case for Indigenous Australians.

Indigenous business ownership in franchising remains low. Even though a majority of franchisors are willing to recruit Indigenous employees and franchisees. This chapter aims to open a dialogue on the relative merits of utilizing a transitional. Self-employment pathway for Indigenous Australians through franchising.

We argue that such a hybridized approach may ameliorate systemic disadvantages that many Indigenous Australians face when considering entering small business. Data was gathered from a series of interviews with Indigenous business owners, franchise (third-party) advisors, Indigenous government agency representatives, franchisors and franchising educators.

Our results highlight the pressing need to better address areas of disadvantage that have been raised in prior Indigenous Entrepreneurship and small business studies. Overall, our GROWTH-pathway approach and recommended courses of action, answer calls to encourage private sector involvement in Indigenous employment, so as to repair economic and social damage caused by the introduction of a Western enterprising culture.

When your financial obligations are spiraling out of hand, speak about it with someone that can assist you to determine your options. If you act immediately, you can prevent a minor issue from becoming an enormous one.

Here are some concrete actions you can follow to help get your financial situation back in order.

Request financial assistance in times of financial hardship

If you’re struggling to keep up with your bills or loan payment The initial step should be to call your service provider or lender. There are many companies with hardship representatives who will assess your situation and figure out what assistance is available.

Options for hardship can include paying your bills in installments or temporarily changing your repayments for loans.

Request financial assistance when you’re struggling to make payments:

• Utility bills or rent
• mortgage payments
• either loans or credit cards
• home car, health insurance for your home

This Financial Rights Legal Centre sample letter generator will help you write a letter that you can use to apply for financial hardship aid. Keep an exact duplicate of your letter to keep for your files.

If you do decide to speak with someone via telephone, make notes of what you talked about.

PROVING FINANCIAL HARDSHIP

You may be asked to disclose details of your income and expenses when applying for financial hardship aid. Make sure you have the following information ready to present:

• The reason why you are experiencing difficulties, such as an email from your employer or declaration of illness
• your income at present and any other financial expenditures that are significant such as, for example, loans
• What are the best repayments you can afford?

How do you create an installment plan?

If you are negotiating the terms of a payment plan, do not accept a payment amount that is excessive for you to afford. If you’re unsure of how much you can manage Contact us.

PAY WHAT YOU CAN

It’s it’s best for your financial health to continue paying the amount you can. You’ll continue chipping away at your credit card debt. It will be easier to make regular payments once you are able to.

If you don’t adhere to the new agreement contact your service provider or lender immediately. Continue to pay whatever you can manage even if it’s less than what you had agreed to.

Where can I get assistance or support?

If you are unable to afford basic necessities such as food or accommodation There are services available to assist you.

SPEAK TO A Maurice Roussety FINANCIAL COUNSELLOR

If you have several debts to manage or need help in claiming financial hardship, call us now.

EMOTIONAL SUPPORT

Experiencing financial stress can impact your mental health.

If you’re worried about your mental health There is help available. Reach out to Beyond Blue on 1300 22 46 36, available 24 all day. You can also use Beyond Blue’s online chat (3pm until 12am).).

FREE LEGAL ADVICE

Take action immediately if you’ve received notice that you’re going to be brought before a judge because of an outstanding obligation (such as summons, statement of claim, or claims that are liquidated).

Legal advice is free from legal counselors in the community along with Legal Aid offices in every state and territory.

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