A major strength of franchising is that it’s based on tried and true business models. Trouble is, in this fast-changing business environment, what’s tried and true one year may be tired or irrelevant the next.

Should you be concerned? Perhaps ‘vigilant’ and ‘prepared’ are more appropriate.

That's where we at No Ordinary Businesses and Franchises can help. Recognising the need for a simple yet powerful framework for assessing the relevance of your current business model, and identifying fresh new business models where required, we have developed the ­first Business Model Canvas for Franchisors.