Expanding a South African franchise beyond our borders
According to the latest survey from the Franchise Association of South Africa, 39% of franchisors have businesses outside South African borders. This is equivalent to 1 775 stores in the SA franchise population. Most of...
Franchise vs. License agreements – do you know the difference?
From fast food, painting and renovating, childcare and education to website sales, there are a vast array of business opportunities available if you opt for this route to business ownership. Extensive investigation of the...
All eyes on the newly appointed Minister of Small Business – will she deliver?
With the shock decline in gross domestic product of 3.2% in the first quarter from a 1.4% expansion in the prior three months, can government live up to its post-election hype and deliver on...
Questions to ask before investing in a food franchise
Entrepreneurs venturing into new business opportunities continue being attracted to the tried and tested franchising concept, which can withstand the harshest economic circumstances. Andre Beck, Sector Head for Fast Food and Restaurants at FNB Business,...
Factors to consider before entering franchising
Almost every entrepreneur - at some point in their journey - considers going into franchising as a guaranteed route to attaining business success. “Despite the sector having a higher success rate compared to its counterparts,...
The Magic of Multi-Unit Franchising
A definite trend of multi-unit franchisees has emerged in South Africa in recent times. There may be various reasons. Access to funding has been tight as a noose rendering it less risky to lend...
Looking to the future of franchising
Key trends in the dynamic franchise space... The franchising sector has shown steady growth over the past four years, in a tough economy from contributing an estimated 9.7% to the country's GDP in 2014 to...
Set yourself up for success from day one
Getting ready to launch your franchised outlet? Read on for some tips to get off to the best possible start! Your attitude and enthusiasm is directly linked to your business success as it brings a sense...
How to evaluate a franchise opportunity
When you are faced with the opportunity of investing in a franchise business it is important that you do all your homework. The old adage of 'let the buyer beware' is applicable in this...
Global Recognition for Signarama Southern Africa
A highly anticipated event on the Signarama calendar is the World Expo which recently took place in Cancun, Mexico. Southern Africa was well represented at the event which took place from 23-27 October. The event...
Trends in the franchising sector
The franchising sector has shown steady growth over the past four years, in a tough economy from contributing an estimated 9.7% to the country’s GDP in 2014 to its recent figure of more than...
So, you want to buy a franchise?
Have you ever built a house or done extensions? I have, and I can tell you that it can be one hell of a job, especially if you don’t have a decent set of...
Is food franchising for you?
"Franchising can be viewed as a way to avoid the unnecessary trial and error usually involved in starting-up a new business," according to Standard Bank Franchising. "But while the benefits are very appealing, it is essential to think about whether...
Working out your salary as a franchisee
What should you consider when working out your salary and other drawings? As a franchisee, you should fully understand all the financial aspects of running a business. This includes how you will be paid, how...
Buying a franchise? Ask the right questions
When evaluating a franchise opportunity, it is critical to do all your homework before buying. Here are some prompts around requesting the information you need to know... The old adage of “let the buyer beware”...
