Your Business DigiMag – your free SME resource
Hot off the press! The latest issue of Your Business DigiMag - free for online reading or download here.
Your Business is your free publication that gets straight to the heart of business matters for...
What it takes to succeed as a franchisee
How to set yourself up for success as a franchisee.
Joining a franchised network is a calculated business decision. The required investment should generate appropriate returns but there is an important proviso: Being a franchisee...
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,...
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...
The Kids’ Market: Being small has never been so big
If you have a genuine love for children, a lot of energy, and a good dose of business acumen, there's money to be made in the burgeoning Kids' Market, as being small has never...
Franchising: Strength in the collective
For franchise brands in particular, success going forward will require franchisors to support their franchisees and customers by pivoting their business models to better suit the changing marketplace. The very nature of franchising as...
Oct/Nov 2020 issue of Your Business out now – your free digital SME magazine!
The October/November 2020 issue of Your Business Magazine is out now, available to you free for online reading or download here.
Some of our inspiring articles and features include:
ON THE COVER
DIGIT FLEET MANAGEMENT SOLUTIONS has...
The Magic of Multi-Unit Franchising
A definite trend of multi-unit franchising 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...
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”...
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...
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,...
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...
Is 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...
Brand Ambassadors fly the 3@1 franchise flag
If your stories are all about your product and services, that's not story telling. It's a brochure. At 3@1 Business Centre, we want our story to be about recognising our long-term brand ambassadors who...
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...
