A franchise agreement may be cancelled after the ten-day cooling off period has expired, if: the agreement itself is invalid, or where one of the parties has been induced to enter into it by a misrepresentation by the other, or where one of the parties has committed a material breach of the agreement. If […]
If you’re seriously considering franchising, you’re not only pursuing excellence in your personal path, but also seeking it in the franchise you choose to partner with. Sifting through the ocean of information about your options can be a daunting process. Here are seven key qualities you can use to help prioritize the most important […]
The key to making an educated decision when becoming a franchisee is to make sure that the franchise you are investigating has a Disclosure Document as required by the provisions of the Consumer Protection Act as they relate to franchising. Becoming a franchisee can be somewhat daunting, especially when you don’t know how to make […]
When you mention startups, most people think unique, fresh ideas, not an established franchise. But the terms “startup” and “franchise” make a great combination. Restaurants, salons and retail are the types of businesses most people associate with franchise opportunities. But there are fresh new franchise opportunities arising every day. Many of these new franchise […]
Work-From-Home or WFH has become the forced and recognised norm for most people over the last few months due to the worldwide Covid-19 pandemic. For many it has been an easy transition and for some, exceedingly difficult to adapt. There are obviously pros and cons when it comes to working from home as there may […]
By: Jurgens Boshoff, Head of Distribution: FNB Financial Advisory The Covid-19 pandemic has made it more important for franchisees and business owners to have adequate succession plans in place. This is to ensure continuity if the business owner decides to pursue other interests, passes away or becomes permanently disabled amongst other factors. It is natural […]
Once you’ve completed your franchisee training with ambitions of becoming one of the biggest franchises around, it’s down to you to make it happen. The franchise model can give entrepreneurs a lot of security when it comes to running your own business, and you should get plenty of support and advice from your 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 […]
One of the first budgets that most businesses slash during tough economic times, is their advertising budget. This may make perfect sense as businesses seek to reduce their spend as their cashflow is tight and revenues decline. But does this make perfect sense or is it short-sighted? 2020 has been an incredibly tough year […]
Franchising your business can be a rewarding experience when done right Many business owners dream of seeing their business grow and scale over time – not just for their own fulfillment, but in the hopes of eventually selling that business and turning in a worthwhile profit. To make that happen, you’ll often need a lot […]
