Many entrepreneurs consider going into franchising as a guaranteed route to attaining business success. “Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur. Entrepreneurs who are considering or have decided pursuing franchising as a business opportunity […]
Rather than carrying out a company formation to start a new limited company, people often buy into an established franchise to get started in business. But what are the advantages and disadvantages of a franchise? Advantages of a Franchise As a business structure, a franchise can certainly be an appealing option. With a number […]
One of the most important aspects of intellectual property protection is to register trademarks. So what is a trademark and why is it so important that every business should trademark their company name, product names, slogans and logos. A trademark is simply a name, word, logo, slogan, symbol, phrase, picture or a combination of […]
Ask any successful Franchisor what one of the most challenging and important aspects of a franchise is and the answer will probably be; to source the ideal Franchisee. Does the ideal Franchisee exist? There is no one-size-fit-all when it comes to sourcing potential franchisees as every franchise differs in investment, culture, strategy, experience, etc. […]
According to the latest survey from the Franchise Association of South Africa (FASA), 39% of franchisors have businesses in Africa, outside South African borders. This is equivalent to 1 775 stores in the SA franchise population. Most of these franchises are found in the neighbouring countries of Namibia, Botswana, Zambia, eSwatini, Lesotho and with growth noted […]
05 August 2019: FNB has seen an increase in the number of entrepreneurs considering using micro loans as an alternative form of franchise funding – while qualifying for bank finance. Mornè Cronje, Head of Franchising at FNB Business says although micro loans may appear attractive at first glance, they do not provide entrepreneurs with a […]
Since the inception of SA Franchise Brands back in 2013, we have been agonisingly trying to find an appropriate slogan that not only describes the brand but more importantly does it justice. Some six years later and understanding our own brand better, we believe that we have found the slogan that meets and surpasses […]
Any growing business will face some major obstacles along the way and a franchise business is no different. Many franchise businesses experience a rapid initial period of growth – it could almost be described as a “honeymoon period” – when the concept is brand new and exciting, the franchisor is full of ideas and […]
Almost every entrepreneur – at some point in their journey – considers going into franchising as a guaranteed route to attaining business success. “Despite the sector having a higher success rate compared to its counterparts, franchising has its pros and cons and will not necessarily be suitable for every entrepreneur. Entrepreneurs who are considering or […]
Last month we posed the question, “Will Your Franchisor Grant You A Franchise Again?” looking at it from the franchisor’s perspective. This month we are putting the shoe on the other foot and asking the question, “Will Your Franchisees Invest In Your Brand Again?” looking at it from the franchisees’ perspective. Remember when you […]
