Archive | Ask the Experts

9 Things you should know before buying a franchise

  Franchises are becoming increasingly popular in today’s business market. It’s not just customers that are flocking to them, either. Entrepreneurs are looking to franchising to expand their knowledge in management and make a profit for themselves. However, what makes franchises different from other kinds of businesses? While you may be familiar with franchises in […]

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What Will Your Franchisees Say?

With the introduction of the Consumer Protection Act, 68 of 2008 in 2011, prospective franchisees are entitled to contact any of the existing franchisees, or alternatively visit any of the outlets operated by a current franchisee to assess the information disclosed by the franchisor and the franchise opportunity offered by it. With this in mind, […]

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5 Mistakes to avoid when buying a franchise

1. Assume the franchise will be a success Any new business venture involves risk and there’s really no such thing as a guaranteed success. If you’ve picked a good franchise model with evidence of successful franchisees, then you’re off to a good start. But staff, location or territory, and a solid customer base, along with […]

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