Factors to consider when buying a franchise in South Africa – and how to choose wisely.
• Buying a turn-key franchise operation is a relatively safe way to start a business in South Africa. • But it’s not cheap, nor is it without some risks. • These are the key factors to consider when picking out and committing to a franchise. Opening a franchise may be one of the safest […]
The Franchise Sector Joins The Call For Urgent Action
As the franchise sector suffers more debilitating losses as a result of the load-shedding crisis, The Franchise Association of South Africa (FASA) adds its voice to other representative business associations calling on government to take urgent action to resolve the energy crisis and bring national security under control to prevent an explosion of unrest and […]
Are Your Franchisees Your Best Salespeople?
In 2011, the Consumer Protection Act, 68 of 2008 was introduced, granting prospective franchisees the right to contact existing franchisees or visit current outlets to assess the franchisor’s information and opportunity. As a franchisor, it is important to consider whether you are meeting the needs of your franchisees. Are you providing sufficient ongoing training […]
You can become a ‘business coach’ by buying one of these franchises for R200k
Becoming a business coach in South Africa can be as easy as buying a coaching franchise. These franchises claim to assist business owners struggling with things like sales and growth. Although some franchisors require franchisees have past managerial experience, others are happy if you’re a generally sound person with good sales skills. This is a […]
What to Consider Before Starting a Franchise Business
Starting a franchise business is an excellent way to enter the market and become your own boss without the additional challenges of creating a business from scratch. Like with any other business, it is better to be prepared for all aspects of running a successful franchise. There is no doubt that franchising is an easier […]
How Effective Is Your Franchisee Leads Follow-up Process?
Successful franchisors will testify that franchisees are the lifeblood of any thriving Franchise Network. So, what do these franchisors do differently to be successful? They have an effective Franchisee leads follow-up process. Let’s look at four important factors to have an effective Franchisee leads follow-up process. Follow Up With EVERY Potential Franchisee Lead Every […]
How to deal with franchise territory border disputes
Many franchise agreements include operational rights within an exclusive territory. But what happens if there’s territory overlap, or one franchisee encroaches on the territory of another? Whether you’re a franchisee or a franchisor, there are ways to deal with territory border disputes. Dealing with disputes effectively is crucial regardless of your job. For franchisees, maintaining […]
How much it costs to buy a car-related franchise like Midas, InspectaCar, Supa Quick or Auto Magic
Motorists spend R37 billion on car parts and services each year, much of which passes through established automotive franchises. There are dozens of options available, many of which don’t require technical knowledge about cars. Here’s how much it costs to open a brand name panel […]
The Importance of Working Capital
Working capital is often neglected when potential franchisees are researching possible franchise opportunities and when franchisors present their franchise offering to potential franchisees. Simply put, working capital is the money you must have available to meet your ongoing expense obligations. When you buy a franchise, you immediately start to incur costs like, rent deposit […]
Top 8 Tips For Being A Happy Franchisee
It’s easy to get caught up in the day-to-day tasks involved in running a business. But how can you make sure you get the most out of your franchising journey as a happy franchisee? Here are our eight top tips for job satisfaction in the franchise world. Take pride in your training The best […]
