Archive | Franchising

The rise of women in franchising

Over the last ten years, the franchising industry has seen a trend of more women taking up opportunities in franchising and this is expected to further increase over the next five years. According to the international Franchise Association (IFA) there are more than 25% of women operating franchises in the world and that doesn’t include […]

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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 […]

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How to value your brand

A brand is far more than a logo. It relates to the entire customer experience and is what your customers think of when they hear your brand name. Apple will generally lead to thoughts of “cool”, elegant and innovative design. Therefore a good brand will have value and should be seen as an asset. So, […]

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Mistakes to avoid when scaling up a business

Many entrepreneurs that decide to scale up their operations without getting the right support run the risk of making costly mistakes that could threaten the survival of their businesses. Heather Lowe, Head of Enterprise and Supplier Development at FNB Business says scaling up refers to the journey entrepreneurs take to sustainably expand their businesses by […]

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Lessons from Starbucks’ first month in SA

Taste Holdings CEO, Carlo Gonzaga on early feedback and why he thinks American franchise  brands enjoy popularity in SA When the world’s largest specialty coffee roaster and retailer company hit South Africa it caused quite a stir, following in the tradition of South African consumers’ enthusiastically embracing US food franchise brands and their offerings. It’s […]

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