The FASA Franchise Awards was held at the Franchise Business Festival at Kyalami on 01 July 2017 to honour the finalists and winners of its annual Awards for Excellence in Franchising. The categories honoured at the FASA Awards include: FRANCHISOR OF THE YEAR This most prestigious award celebrates the success of the franchisor who has […]
South Africa has over 35 000 franchise outlets that employ more than 300 000 people. Consequently, franchising holds the key for job creation, because the failure rate of franchise businesses is far less than a regular start-up. Morne Cronje, Head of Franchising at FNB Business says, “In spite of the economic slowdown that is having a […]
The appeal of franchising is widespread. While other businesses often struggle to keep a positive cash flow in times of stunted economic activity, franchising remains resilient and typically shows positive growth rates. This is particularly true for the franchising services category which comprises 27 percent of the total franchising industry and has a combined turnover […]
You have secured the finance, found the perfect location, and have signed a contract. Congratulations, you are now the owner of a business. For many business owners, the most important part is securing finance and signing that all important contract. What follows is business as usual; staff training, stock management and then trading. However, “business […]
The Absa Franchise Business Festival takes place at the Kyalami Grand Prix, Exhibitions & Convention Centre from the 30th June to the 2nd July 2017. This is the ideal time to see some of the leading brands and new or innovative concepts with the opportunity to actually engage with the people behind these brands. The […]
As the South African economy continues to navigate economic challenges; the knock-on effect on consumers is one of the main issues keeping new franchisees awake at night. Morne Cronje, Head of Franchising at FNB Business says “despite the resilience of the franchising sector which contributes almost 12% to South Africa’s GDP; and generated a projected […]
Many entrepreneurs dream of building their businesses to the point where they need to expand their businesses into other territories or regions. Franchising, if correctly done, provides a very effective form of leverage to expand into other regions. However, many entrepreneurs believe that franchising your business is an easy way to riches. This is not […]
Location is everything … or is it! The right location for your franchise will be dictated to you by the criteria for the specific industry sector it serves. If you go to your customers, rather than your customers coming to you, it makes sense to pursue a home-based or a location where accessibility and visibility […]
Entrepreneurs contribute towards job creation, which motivates many people to want to start their own business, but how well do they know their business personality? Being an entrepreneur or a franchisee is not interchangeable, as their extremes are at either end of a varied spectrum of approaches to business. There are major differences between […]
Sandwich Baron founder and CEO shares her advice. Sally J’Arlette-Joy Buying a franchise is probably one of the most important decisions a person can make, yet many aspiring entrepreneurs fail to ask the important and even most obvious questions before purchasing. Sandwich Baron founder and CEO Sally J’Arlette-Joy has 20 years’ experience in opening her […]
