Article provided by Absa When you hear the word ‘franchising’, the first thing that pops into your head is probably that McDonald’s or KFC sign that you drive past every day. It is however, very important to remember that this type of brand association is just the tip of the multi-dimensional, money-making iceberg. If you’ve […]
Article provided by MiWay A recent poll, conducted by BusinessTech, showed that South Africans are showing increasing interest in buying franchises. If you have been thinking of starting your business, buying a franchise can be a great and safe move for entrepreneurs who may be a little wary to start a new venture from scratch. […]
Article provided by Absa South Africa’s economy is under significant pressure and, for a number of reasons, there is little promise that this will change in the near future. In May this year, the International Monetary Fund (IMF) predicted only 1% growth in 2017, up 0.2% from their previous prediction of 0.8%. While it may […]
With about 80% of small businesses failing in their first year, it seems like a useless task to start a small business if you will inevitably fail. But there are 20% who are successful. They make it through the first year of business. How can you be part of the 20% who survive their first […]
Article by Absa The idea of turning your small or medium business into a franchise sounds like a rewarding option, irrespective of which sector you’re in. Not only does this give your business an opportunity for growth, but the financial rewards are lucrative too. According to www.thebusinessdictionary.com, franchising is an arrangement where one party (the franchisor) […]
Written by Samantha Koenderman (Absa) South Africa’s economy is under significant pressure and, for a number of reasons, there is little promise that this will change in the near future. In May last year, the International Monetary Fund (IMF) predicted only 1% growth in 2017, up 0.2% from their previous prediction of 0.8%. While it […]
Article provided by Xero Franchises are built on proven concepts, with market-tested products, and they often come with business systems that make admin straightforward. There’s a lot to like. But there are also risks to consider. Here’s how to check if a franchise is right for you.
