how to evaluate a franchise opportunity

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...
Buying a franchise

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”...
Belinda Dunn, Franchise Director, 3@1 Business Centres

Modern women want more – it’s as simple as that

Collectively, women entrepreneurs operate differently to their male counterparts. Their lower employment numbers and growth aspirations have historically led to questions of how to “fix” them. But different doesn’t mean deficient — or underperforming. The...
Signarama

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...
buying a franchise

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...
trends in the franchise sector

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...
Business opportunities in the Kids Market

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...
working out salary

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...

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...
Multi-Unit Franchising

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...
How to franchise a business

How to franchise a business

Franchising can be a very successful distribution strategy to expand a proven, successful business. Business owners considering going the franchise route should remember that it is not ethical or practical to franchise an idea or...

Franchising holds growth opportunities for SMEs

The resilience and vitality of the franchising industry in South Africa is more apparent than ever, and increasingly becoming a notable asset to the country. "The franchising sector continues to show growth, and is increasingly...
International franchise expansion

International franchising: Taking your brand global

Robert Moschorak, president of Ace Hardware International Holdings, provides insight on taking your brand global...
launch your franchised outlet

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...
Expanding a franchise Africa

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...