Archive | Franchising

How to find the right franchise opportunity for you

Several years of strong sectoral growth combined with business opportunities that are often backed by an investor safety net is making franchising the top choice for many who want to own their own business. This assessment is based on the strong foundations of my own experience of establishing Cash Converters nearly a quarter century ago […]

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5 tips for franchise agreement compliance

South Africa has some great homegrown franchises – Mugg and Bean, Steers, Debonairs and Nandos, to name a few. South Africa is also no stranger to international franchise groups, such as McDonalds, KFC, Wimpy and SPAR, although there has been an increase in the number of international franchises investing in South Africa in recent years. […]

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Commitments for Excellence in Franchising

When you make a commitment, all the pros and cons will have been assessed and you are willing to give your time and energy to something that you believe in. This is true whether you are a Franchisor or a Franchisee. The following are some aspects of commitment. 1.Love what you do. Commit to love […]

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The positives and negatives of turning into a franchise

As an experienced and highly successful independent business owner, the idea of converting your business into a franchise requires you to weigh up the pros and cons: Benefits of being a franchisor Access to ready-to-operate locations You don’t have to recruit franchisees from scratch when starting a franchise system. Established business owners might be looking […]

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IS YOUR DISCLOSURE DOCUMENT CPA COMPLIANT?

Together with the Franchise Agreement, the Disclosure Document is the most important document in franchising, both documents being strictly governed by the Consumer Protection Act 68 of 2008 (CPA) which came into effect on 01 April 2011. It is a legal requirement that franchisors provide prospective franchisees with a compliant Disclosure Document but unfortunately some […]

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Thinking of going into franchising?

A lot has been said about franchising being one of the resilient sectors in our economy as it contributes approximately 13,3% to South Africa’s GDP. Thus, people might consider the route of owning a franchise in their entrepreneurial journey.   Morne Cronje, Head of Franchising at FNB Business says, “Franchising has a lot of advantages […]

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Franchising: The most honest way of doing business

  We’ve entered an age where consumers choose their products and services as much for their values as what they offer. That’s what makes franchising, as a truly transparent business model, an appealing option for today’s would-be business owners.   According to Clive Robinson, Master Franchisee and Education Consultant at Tutor Doctor, there are three […]

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