Brands and franchise fund

The Pros and Cons of Franchising

Buying a franchise could be a great option for some and the worst option for others. The entrepreneur must be aware of the factors that will influence whether he buys a franchise or not. Much of these depend on the entrepreneur himself, his personality and what his reasons are for wanting to own his own business. “Franchising is about being in your own business, but not alone in your own business.” The advantages Reduced risk - F...
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Franchising – what are your options?

There are thousands of franchised businesses covering a broad range of industries, from well-known national brands to smaller, local opportunities. The challenge is to choose one that excites you and is a good investment. It is critical for you to do as much research about potential franchisors as possible, so can make an informed decision about which franchise you will eventually buy into. Comparing franchises There are some basic...
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The easy way to lose your business – Part 2

Not listening. Entrepreneurs normally have strong personalities with specific viewpoints and stick to what they believe in. That is good, but it is also wise to step back and listen. Listen to what your customer is telling you. This will give you a very good indication of what they want and need, and the problems they encounter. Let us start with what they want. I remember when I was running my own business I wanted to manufacture what...
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The easy way to lose your business – Part 1

The minute you take your eye off the ball you risk your business. Many entrepreneurs work very hard to establish and build a business and after a while they feel confident that they have it all under control. They have built up the expertise necessary to manage the business and it becomes second nature, but eventually they fall into a ‘comfort zone’, which is the start of the demise. I remember a client of mine saying: “I keep the ke...
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Buying an existing franchise

In franchise terminology, the purchase of an existing franchise outlet is referred to as a ‘resale’. When buying a resale, you have to do the same research and assessment you would do if you were buying any business. There are also a few more issues to consider. Why buy a re-sale? There is an up-side to buying an existing franchise. Some advantages are: The buyer has an existing base from which to grow the business Customer...
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Mismatch in franchise industry could be a fatal to business success

Three pillars which prospective franchisees must consider Comprising of 11% of the total South African GDP, the franchising industry has become a well regulated sector in the past few years that cannot be ignored. According to Gerrie van Biljon, Executive Director of Business Partners, the industry growth has encouraged many entrepreneurs to explore the opportunities that the sector has to offer. He says that however, due to the many types of b...
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Big bet on the future of fast-food franchising

Business Partners won her over with their speed and efficiency, and she decided to take up their offer of financing the full purchase price of the Debonairs. Mogani Padayachee Steers and Debonairs After a tough many years in which the restaurant industry was among those hardest hit by the global financial crisis, Mogani Padayachee, an experienced owner of many eateries, believes that the corner will be turned within the next year – and she...
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10 things you need to know when you buy a franchise

The South African franchise industry presents a mind-boggling array of franchises, and every month more are added to this fast-growing sector. Wonderful choice, but the bling generated by each franchise’s aggressive marketing can be blinding to someone looking for a solid business opportunity. Fortunately, those prepared to work their way methodically through a number of basic steps will be able to cut through the clutter and find a franchise ...
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There is a place for entrepreneurial franchisees

The strength of the restaurant concept and Russell’s vast experience kicked in, and the outlet soon became the best performing branch of the group. Scarcely three years later Russell and his wife, who takes care of the administration, opened their second Hussar Grill in Tokai... Russell Minter-Brown Hussar Grill The franchise industry is fond of its mantra that the best franchisees are those who strictly follow the rule-book - for good rea...
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