Franchising

Franchises present significant growth opportunities for South African economy

The various international retail chain store brands entering the South African market is a positive indicator for the country, and highlights the opportunity that South Africa offers to international investors, despite the flurry of negative perceptions around the current local economy. This is according to Jeremy Lang, Regional General Manager of Business Partners Limited (BUSINESS/PARTNERS), who says that the South African franchise se...
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Interests of franchisee, franchisor sometimes at odds

Buying a franchise is one of those big life choices at least on par with buying a house, choosing a career or relocating to another city. But apart from the fact that prospective franchisees will be putting their life savings and at least a few years of their life into the venture, there is another reason why buyers of franchises must be particularly careful, says Byron Jeacocks, BUSINESS/PARTNERS regional general manager. Although much is alw...
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How economic trends are shaping SA franchising

As franchising continues its steady growth in South Africa, economic trends are shaping the development of the franchise sector in interesting ways, says Gerrie van Biljon, executive director at Business Partners Limited (BUSINESS/PARTNERS). Franchising in South Africa already boasts solid numbers: there are 627 franchise systems totalling 39 000 franchise outlets in the country; they contribute 12.5% to South Africa's GDP, and provide work fo...
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Wrong fit? In franchising, it can be a fatal mistake

“If you're the kind of guy who likes to go to sleep early, don't buy a restaurant franchise,” says Jeremy Lang, regional general manager of Business Partners. Stating the obvious? Perhaps, but you'll be surprised how many first-time franchisees make the mistake of buying a franchise that simply does not fit their lifestyles, he says. In the world of start-up franchising, it can easily be a fatal mistake to make, because there is so little ro...
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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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