Every cloud has a silver lining, goes the saying and even in the midst of a pandemic, there are those entrepreneurs that have taken a new idea and forged a new path to business success. The FASA office has been fielding many calls from entrepreneurs asking how they can transform their bright idea into a viable franchise business.
Maybe you’ve started that small business and it’s going well and you think the time is right to take it a step further by maybe franchising it? You’ve made some enquiries and find out that, according to the Regulations of the Consumer Protection Act’s reference to franchise companies, you will need to have a franchise agreement, operations/procedures manual and disclosure document in place before you start franchising. But all this costs a lot of money if you use bona-fide lawyers and accredited franchise consultants and you’re tempted into cutting corners by using someone at a much lower fee who makes themselves out to be a franchise specialist, because they claim to have worked for one or other franchise companies in the industry and thus see themselves as franchise consultants.