How to Make the Most of Visiting the Franchise Business Festival Exhibition
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 […]
Current challenges faced by new franchisees
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 […]
Strategies for Successful Franchising
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 […]
What to Consider When Selecting Your Franchise Location
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 […]
Are you a good fit for franchising?
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 […]
Tip for buying a franchise: let the buyer beware
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 […]
The Importance of Your Brand
A company brand is what differentiates itself from its competitors, identifying itself though a unique logo, tagline or combination of these, creating an image that customers relate to. A brand is something that is built over time by your customers and not the company. It is the way that customers perceive your brand and the […]
How to Research Franchise Resales and Buy an Established Business That Works for You
Looking to own a business but want a head start? Here’s how to sharpen your focus and secure your shot at franchise opportunity success… If you want to embark on business ownership but wouldn’t mind a potential head start, it’s time to look at franchise “resales”. With a franchise that is already up and running, […]
Starting a Franchise in South Africa
A business that has set out its systems and procedures, and is trading profitably, may choose to start a franchise. Successful franchising is difficult but if you want to expand your business to its’ maximum size and profitability, you may wish to franchise your business. If you are the franchisor you may benefit from additional […]
The Question of the Owner-Operator Franchisee
Many franchisors stipulate that as a condition, the franchisee must be an owner-operator also known as a hands-on-operator. However there are arguments for and against this philosophy – let’s take a look. The Owner-Operator Franchisee An owner-operator is the hands-on franchisee that works in the business and is actively involved in the day-to-day running of […]