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SA's #1 Franchise Opportunity under R 50,000 is fun, highly rewarding, and lucrative - it’s a powerful opportunity at any time, but especially now during these unpredictable and trying times.

ByNSBC Editorial TeamMarch 23, 20200Comments

Franchises Starting a Business

Franchising 101: the franchisee

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 ever considered opening a franchise, but never felt informed and confident enough to put pen to paper, fear not – you’ve gotten hold of the right reading material. We spoke to Henk Botha, a franchising specialist for Quick Service Restaurants and Restaurants, and asked him to share some of the key tips that he has collected over the past 14 years. Botha says that if someone asked him to sum up the tricky concept of franchising into one sentence, it would be, “It’s a proven concept providing great opportunities at low risk, but requiring dedication for success.”

ByNSBC Editorial TeamOctober 1, 20180Comments

Franchises

Buying a franchise? Don’t forget about these 4 things

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. Becoming a franchisee will help you acquire a model that has already proven its success. You would also acquire clientele eager to use the services of a business that has withstood the test of time – be it a restaurant or a tyre replacement business.

ByNSBC Editorial TeamSeptember 24, 20180Comments

Franchises Starting a Business

Achieve your franchise dream – here’s everything you need to know

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 be moving in the right direction, it falls short of being impressive by anyone’s standard. Despite the economic challenges that businesses face, franchising is one sector that has consistently shown its resilience by performing well.

ByNSBC Editorial TeamSeptember 17, 20180Comments

Franchises Growing a Business

Franchising 101: the franchisor

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) grants another party (the franchisee) the right to use its trademark or trade name as well as certain business systems and processes, to produce and market goods or service according to certain specifications.

ByNSBC Editorial TeamJuly 2, 20180Comments

Franchises Starting a Business

Achieve your franchise dream – here is everything you need to know

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 may be moving in the right direction, it falls short of being impressive by anyone’s standard. Despite the economic challenges that businesses face, franchising is one sector that has consistently shown its resilience by performing well.

ByNicola TapsonApril 8, 20180Comments

Franchises Starting a Business

Questions to ask before becoming a franchisee

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.

ByNSBC Editorial TeamOctober 18, 20170Comments

Franchises The Best Solutions for Small Business

The “Pink Ladies” apply a fresh coat to paint contracting

Article provided by Absa Picture a team of paint contractors. How many of them are women? In a typically male sphere, Katlego Mogotsi, Nniki Makgetla and Nokwanda Shabangu are the exception rather than the rule – but thanks to Absa, Midek Paint Contractors and their own tenacity and hard work, that is changing. Known as The Pink Ladies, Katlego, Nniki and Nokwanda won a franchise through the International Franchise Expo competition at the end of 2016, and plan to use their passion and platform to make a difference for women across South Africa. “What this opportunity has shown us is that there is a place for women in the franchising industry,” says Katlego. “While it is true that the sector – and paint contracting in particular– is mostly male-populated and there is a need for women to work harder to break the stereotypes, the support from the Midek franchise itself has been incredible and given us the opportunity to change traditional thinking.”

ByNSBC Editorial TeamJuly 24, 20170Comments

Business Startup Franchises

Is franchising a fit for you?

This article was originally posted on Entrepreneurmag.co.za

If you’re thinking about getting in on the franchise game, you may believe that your biggest question would be whether to open a doughnut shop or a car wash. But according to Joel Libava, franchise expert and advisor, the real question is whether you should buy a franchise at all. While franchises are growing in popularity, with over 100 franchise systems being opened each year, the sad reality is that many people enter into franchise agreements, thinking it’s a foolproof plan for success. But the fact is that franchises still fail at about the same rate as independent businesses. 'Twenty years from their start, less than 20 percent of the franchisers will still be around,' says Professor Scott Shane of Case Western Reserve University. 'In fact, of the more than 200 new franchise systems established in the United States each year, 25 percent don’t even make it to their first anniversary.'

ByNSBC Editorial TeamJune 6, 20160Comments