Ten Reasons To Invest In A Franchise
Investing in a franchise can be a life-changing experience and fulfilling your dream of becoming your own boss. The following reasons explain why it may be a great investment. 1. Turnkey Business By investing in a franchise eliminates all the hard work of finding a location, negotiating a lease, hiring reliable contractors and doing all […]
The correct financing for a franchise can heighten chances for success
There are numerous options available to fund a franchise. Careful evaluation and management of these options should see you on the path to commercial success and wealth. Establishing a business requires the investment of a great amount of time, effort and money. Most potential franchise owners do not have the capital needed to launch and […]
Free-rides in business don’t secure success
While many believe that franchising is the golden ticket to success, it is important to always bear in mind that everything comes at a price. Even in the case of Scott Mitchley, who won a Sandwich Baron franchise in March 2014, success never came for free. He shares more below on how hands-on management and […]
Average versus Good in the world of franchising
For anyone wanting to escape the corporate world and the highly competitive job market in favour of running their own business, franchising is an exciting and feasible option. However, National Operations Manager for Sandwich Baron, Tanya Spence, cautions those considering this tried and tested business model to still do their homework well and make sure […]
Choosing the Right Franchise Location
As in the Real Estate industry it all goes about location, location, location … or does 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 […]
Eight Common Reasons Why Franchises Fail
Buying a franchise doesn’t automatically guarantee success; commitment to developing the skills needed to manage a business is key. Aspiring entrepreneurs who want to avoid the high risk of failure associated with small businesses often look to franchising, assuming that a recognised trademark and support is a guarantee of success. Although it is true that […]
The smart way to increase costs on a menu
To ensure a business is keeping up with the times, it is necessary to adapt and change. Whether it be a change in the management of the business or in something that impacts the customer even more directly, change is essential for progress. Sandwich Baron recently undertook an update to their menu, to ensure profitability […]
Franchise Relations – Building A Solid Foundation
Open communication is the fundamental factor between the franchisor and its franchisees that contributes towards building and encouraging positive franchise relations. As a franchisor there must be a solid foundation that franchise relations can rest upon. The following should result in positive franchise relations: Are You Aware? Be involved and aware that new franchisees have […]
Percolated to perfection
Wiesenhof’s Kobus Wiese on why the personal touch is so important when building customer loyalty. When Kobus Wiese and his wife Belinda bought their first coffee shop in 1996, they had no plans to franchise the business, and they knew nothing about running a restaurant. Today, Wiesenhof has a national footprint and has taken over the Dulce […]
Exploring a franchise opportunity? 5 Key questions to ask
Enjoy your exciting exploration of franchising and keep an open mind as you discover the possibilities. A franchise lets people experience the freedom of business ownership with the security of operating with a proven business model. A prospective franchisee learns more about this financial operation and embarks on a discovery process. As a franchise coach, […]