franchise-expo-tips

Festivals creates are fun places where people are relaxed and having an experience.  Festivals bring people together which makes it less intimidating for everyone involved.  Exhibiting also gives you the opportunity to catch up on the admin and back end of your business.  Such as Sourcing and finding new suppliers to service your franchise. Recruiting new…

  A franchise is a business arrangement, with the right to operate a business in association with a trademark and according to a system that is licensed to individual franchisees. A franchise involves packaging a business opportunity for you, as the individual, which is described by the Franchise Association of South Africa (‘FASA’), as follows:…

franchise-business-market

  As much as you need to evaluate the franchisor it is also important that you take responsibility for evaluating and investigating the market for a viable franchise business. It is questions such as the following that you should be asking: Is the business sector healthy or in decline? What is the product or service…

franchise evaluation

As much as the franchise business owner may be choosing you… you are also choosing them. It is therefore necessary to evaluate the franchisor and examine their track record closely. It is now required by law that a franchisor provide you with a Disclosure Document. This is usually after you have signed a confidentiality agreement…

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 case. A potential franchisee needs to take the following steps when investigating a franchise opportunity: Do a self-evaluation Research the franchisor…

More often than not we get nowhere because we lack the knowledge we need to take action. When I started my first business over 15 years ago I had very little knowledge on how to run a business and it turned out a failure.  At the time I felt like a failure and after that…

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