Effective management skills for franchises
There are no guarantees when it comes to business. Even owning a franchised store with a great consumer brand, store location and franchisor support can’t stop a business from getting into difficulties if management skills aren’t up to the challenge of everyday operations. Although a franchisor helps franchisees to be successful by providing the systems […]
The Finance Aspects of Franchising
There are a number of financial aspects related to franchising which are sometimes confusing or plainly misunderstood. Before entering into a franchise agreement, potential franchisees should know and understand the financial terms related to franchising some of which are listed below. Advertising / Marketing Fee or Contribution This is usually paid monthly by the franchisee […]
You are contractually obliged to freshen up your franchise
Franchisees may not be aware that there is a contractual obligation to refurbish a franchise store every so often. Here’s how to prepare for the inevitable expense. Buying a franchise may seem like a short cut to business success. However, being a franchisee also comes with great responsibilities. As a result, it pays to ask […]
Lessons in managing time from ACDC Express
When you’re an owner-operator franchisee, taking time off can seem like a pipe-dream. We asked ACDC Express franchisees Claude and Sharon van Rhyn how they manage their time. Claude van Rhyn has been an ACDC Express franchisee for five years, with his wife Sharon working alongside him since 2011. They’ve just enjoyed a holiday to […]
Cash Converters on what makes a good franchisee
What does it take to be a success within the franchise model? Here’s what Jean-Pierre Seger, franchise sales manager for Cash Converters, looks out for. Investing in a franchise is a big decision. So how should you know if you’re cut out to be a franchisee? According Seger, experience and business know-how is not as […]
Should I Buy an Existing Franchise?
This is a question that is often asked and there is no right or wrong answer. One needs to understand the opportunities and challenges of the new versus existing franchise dilemma before making any decisions. The pros and cons of both scenarios must be evaluated to circumvent any nasty surprises and improve your chances of […]
A successful holiday ‘boom time’ relies on thorough planning by franchisees
In a few short weeks, another year will draw to a close and thousands of South Africans will begin setting off for holiday destinations around the country. For franchise owners, especially those in the fast food business, their busiest and most lucrative time of the year awaits. But, says Ethel Nyembe, Head of Small Enterprise […]
A look at Tashas’ unique franchising model
The tashas story is one of the country’s most well-known restaurant franchising success stories. The premium-end boutique cafe brand which was launched in 2005 today consists of a chain of 12 restaurants across the country including Johannesburg, Pretoria, Cape Town and Durban with a 13th restaurant set to open in Nelson Mandela Square, Sandton. The […]
5 tips for managing franchise staff during the holiday season
The holiday season is usually a busy and potentially profitable time for the franchising industry and with the peak holiday season fast approaching, businesses should prepare themselves for the absence of staff in the forthcoming summer months. Morné Cronjé, Head of FNB Franchising says, “Adequate plans need to be put in place so that profitability […]
The Success Factors To Franchising Your Business
Potential franchisors wanting to expand their network with the franchise model often ask the question, “What are the factors to successfully franchise my business?” Factors for consideration are: FEASIBILITY Some questions that potential franchisors must answer positively are: Is my business franchise ready? Is the business sustainable for the franchisor and the franchisee? Have the […]