Which Is the BEST Franchise To Buy?
“Which is the BEST franchise to buy?” is probably one of the most difficult questions to answer in franchising. The reason being, that everyone differs and have varying reasons why they want to buy a franchise. You need to ask yourself the following questions: What is my passion? What are my interests? What are my […]
The problem with talking to franchisees
Before buying a franchise, just about everyone will tell you to talk to existing franchisees. But, what exactly should you look to gain from these conversations? “Talk to existing franchisees and ask them what they think of the franchise.” This is a piece of advice that every prospective franchisee receives. And it is good advice […]
4 Tough Questions to Ask Your Business Coach as a franchise owner
Ask any entrepreneur – launching a franchise business is probably one of the most difficult challenges you ever take on. Stressed out, overworked, and mired by the day-to-day operational activities it takes just to keep the lights on, business owners are commonly left with no time or energy to focus on strategic initiatives. Enter the […]
Franchising continues to grow despite challenging economic conditions
The results of the Franchise Association of South Africa’s fourth independent survey sponsored by Sanlam undertaken among franchisors has been released. This survey was conducted to assess the contribution by the franchise sector to the South African economy in terms of GDP. The most notable results to come from the survey are: Franchising contributes 11,6% […]
The true cost of opening a franchise
Having the money to purchase a franchise is not enough. You also need money for those other expenses that often only crop up once your store is open. Many new franchisees have found themselves in trouble because they failed to consider all the expenses associated with opening a franchise store. If you want to be […]
Are your Business Goals Realistic?
Contrary to popular belief, buying a franchise from a successful business chain does not guarantee you’ll be printing money from the moment you open your doors… or at all for that matter. Sure, it’s helpful to have a tried and tested blueprint, but at the end of the financial year, it’s your business goals that […]
The Importance Of Happy Franchisees
Buying a franchise can be one the most life changing decisions that anyone will ever make and to ensure that it is the CORRECT life changing decision, potential franchisees are urged to evaluate different franchise options to find the one that suits them best. The Consumer Protection Act, 68 of 2008 makes provision for potential […]
Start-up tips from leading franchisees
Looking at becoming a franchisee? Some top South African franchisees share their advice on taking the entrepreneurial leap. Buying a franchise doesn’t guarantee success. As in any other business, hard work and tenacity is crucial. Deciding to purchase a franchise is never an easy decision to make. After all, you will be putting down a […]
Sorbet’s founder on the power of servant leadership
Ian Fuhr believes that if you truly want to run a successful store – no matter the industry – you need to put people first. Sorbet receives 40 franchise applications per week. Its franchisees don’t sell their stores, and the biggest challenge the group faces is finding new locations, since there’s already a Sorbet in […]
Buying Into A New Franchise Concept
Logic may suggest that a well-established franchise with many locations would be the safest choice but brand name and number of locations doesn’t always guarantee success. What are the Pros and Cons for you to consider when buying into a new franchise concept? PROS: Franchisees getting in on the ground floor of a successful new […]