South Africa has over 35,000 franchise outlets that employ more than 300,000 people and with a failure rate that is significantly lower than regular start-ups, franchising holds the key to job creation.
MORNE CRONJE, HEAD of Franchising at FNB Business, says, “In spite of the economic slowdown that is having a knock-on effect on small businesses, the franchise sector continues to grow gradually and franchise brands are doing better because of their strong business models and support structures.”
Cronje’s 4 key insights on why we need more franchisors and franchisees:
1. Employment
هذه القصة مأخوذة من طبعة September - October 2017 من SA Franchise Warehouse.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September - October 2017 من SA Franchise Warehouse.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Why SA Needs More New Franchises
South Africa has over 35,000 franchise outlets that employ more than 300,000 people and with a failure rate that is significantly lower than regular start-ups, franchising holds the key to job creation.
Should You Convert Your CC To A (PTY) Ltd?
When you are ready to take your close corporation (CC) to the next level, you might want to give serious thought to converting it to a private company, also knows as a (Pty) Ltd.
The 7 P's Of Marketing: People, Processes & Physical Evidence
The 7 P’s of marketing — Product, Price, Place, Promotion, People, Processes and Physical Evidence — is a foundation concept in marketing used by businesses and marketers to help determine a product or brand’s offering.
Spar Embraces Transformation
As part of SPAR's commitment to transformation and job creation, they will be joining forces with the National Treasury and its Jobs Fund initiative to fast track black enterprise development amongst its brands. This initiative will be facilitated by SA Franchise Warehouse as service provider and Business Partners Limited as the commercial funding partner.
Marketing For Success
As much as selling is considered to be the lifeblood of any enterprise, marketing is without a doubt the heart pump that produces the income which transforms the business idea into a reality.
Franchisors, Franchisees & The CPA
The Consumer Protection Act (CPA) to a large extent codified our South African consumer-related common law and provided a Bill of Rights for consumers. As franchisees fall within the definition of a consumer, there are various key considerations which franchisors must be cognisant of when supplying goods to their franchisees.
Exclusivity Clauses in Lease Agreements
The contentious and longrunning issues around clauses in commercial leases granting a major tenant the exclusive right to carry on a particular type of business in a centre, and a corresponding clause in the lease of another tenant prohibiting them from carrying on the same type of business, appears to have a taken another step towards a conclusion.
Collaborate Grow
By seeing others as partners and not competitors, business owners can harness the power of the collective to attract customers, seek inspiration and help their overall bottom line. When it comes to building and growing a small business collaboration is the new competition.
Driving Transformation in Franchising
Following the establishment of The Department of Small Business Development (DSBD) in 2014, it did not take them long to realise the enormously powerful mechanism franchising presents in promoting enterprise development and transformation in South Africa.
Competitive Advantage for Franchises
Many organisations, including franchises, strive to attain a competitive advantage, but few truly understand what it is, how to achieve it and, perhaps most importantly, how to keep it.
