franchise-business-festival-sa-2018
celebrate-franchising

Every second of every day, across the world, people going about their business will have the ‘franchise experience’. Whether they’re stopping off to pick up a take-out coffee; sending a parcel to a friend overseas; going to the gym or having a facial; getting a car service; shopping at a local supermarket or having dinner…

oasis-team

  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…

climbladder

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…

Business man and growing Investment

Franchising is just one of many methods of “distribution” and many prospective business owners often don’t understand or are misled into buying a business which is clearly not a franchise business or don’t quite understand the implications of investing in a franchise. Franchising, therefore, is: NOT an Idea An idea is not a franchise and cannot…

strategising650

  Is franchising a get-rich quick option? Don’t assume a franchise is an easy, risk-free option – you’ll still be responsible for running your own business and making it successful through hard work. How do I make sure I am buying a bona fide franchise? Use professional advisers in the form of auditors and franchise…

franchise-brand-business

The word “franchise” in French means “privilege” or “freedom” – in essence giving an individual the “right” to something – in this case the right to operate a business or licence under specific conditions. Franchising is, without doubt, the most “public” of business formats. You recognise a franchise because it carries a strong brand, has…

franchise expo social media marketing

In our world of impersonal digital communication, which relies more and more on cyberspace interaction, getting to speak to a friendly face is becoming a thing of the past. Prospective franchisees often voice their frustration at having to make enquiries, submit applications and basically trawl various franchisors’ websites in order to get the information they…

Businessman shows a piggy bank

  According to franchise banking experts, getting finance for your new business venture requires a serious commitment on the part of the applicant. Here are some of the tips that they give to prospective business owners: Never under estimate the required funding and always take into account that you will need at least six months…

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