Read this before you sign your Franchise Agreement
How the Consumer Protection Act protects you Congrats, so you have made the decision to buy a franchise. While the thought of running your very own franchise outlet may seem very exciting, franchise deals are intricate and complex. Understanding the contract you get from your franchisor is critical. It can be the difference between spending […]
Characteristics of successful franchisees
To be a top performing franchise takes a little more than following the beaten path and there are certain characteristics that separate the best franchisees from those who simply make a living or even fail. “It often comes down to taking something which has been tried before and doing it better, or with a bit […]
Are you (really) ready to franchise?
Want to find out if your outlet is made to multiply? Your business could be the next best franchise. Did you know that 92% of all franchise concepts in South Africa are home grown? This is good news if your business is booming and you’re thinking of multiplying your success. But even the best-run businesses […]
When Is A Franchise REALLY A Franchise?
The term FRANCHISE is sometimes loosely bandied about in the market place where entrepreneurs are wanting to expand their brand footprint by selling “Franchises”. A Franchise differentiates itself from other forms of business ownership in four distinct areas: A Proven Brand and Operating System The Franchisor grants to the Franchisee the blue print where all […]
Local marketing initiatives boost franchises
In addition to the franchisor’s marketing efforts, success comes when a franchisee markets his or her business among the local community and success or failure of retail franchises primarily depends upon such local marketing initiatives. Sally J’Arlette-Joy, founder of Sandwich Baron, says the key to success lies in a corporate marketing strategy dovetailing with a […]
FASA releases results of Franchisee Satisfaction Survey
The Franchise Association of South Africa (FASA) has released the results of its Franchisee Satisfaction Survey, in which a high level of franchisee satisfaction (82%) was recorded. The franchise sector contributes 11.6% to the country’s GDP through its 757 franchise systems (a 21% growth) and its network of 31,111 franchisees. Success in the franchise business […]
The Importance Of Having A Positive Attitude For Success
By simple definition, this extremely complex word ATTITUDE means a way of feeling or acting toward a person, thing or situation. The media seems to be full of bad news about the economy and the prospects for the business community. It is easy to get drawn into this negativity and to feel very depressed about […]
What Your Franchise Needs to Run Without You
Thinking about taking a vacation? Good. When you’re buckling under exhaustion and burnout, the only way you’re going to run a franchise business is into the ground. Your franchise may have demanded your every waking minute in its infancy, but it’s time to cut the umbilical cord. All you need to do is first make […]
Franchising mistakes to avoid
By: Anita du Toit – partner at Franchising Plus. To become a preferred franchisor, franchise companies should avoid the following ten mistakes. Not charging a royalty on sales but rather adding margin to product This is problematic, as the franchisor will not benefit from a franchisee adding additional products or services to its range. In […]
10 basic rules for successful franchising
By: Sally J’Arlette-Joy is the founder and CEO of Sandwich Baron. From my 20 years’ experience of running franchise outlets, franchisees can earn a comfortable living, and in some cases an exceptional living, if they adhere to 10 basic rules. Abiding by these has seen many franchisees earn reliable livings through good economic times and […]