Business Partners Limited calls to explore financing for vibrant franchise sector

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August 2021: According to the latest pre-COVID-19 statistics recorded in late 2019, the South African franchising industry contributes 13.9% to the national GDP with an estimated turnover of R734 billion and is one of the most resilient sectors already showing signs of recovery.

Jeremy Lang, General Manager at Business Partners Limited, encourages entrepreneurs to explore the opportunities available in this exciting sector.

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Women entrepreneurs pick up the baton to future success

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Women across the world have borne the brunt of the COVID-19 pandemic and in many cases have been disproportionately impacted. A staggering 87% of women business owners said that they had been adversely affected, according to the Mastercard Index of Women Entrepreneurs (MIWE).

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Business success – the franchise way

Everyone dreams of owning their own business, writing their own salary cheque and being successful. But in reality, only a small proportion of people realise that dream as the barriers to setting up a business are often quite daunting, the costs often prohibitive and the expertise needed to make the business work often lacking. Where franchising comes into its own is in the fact that it gives all the advantages of operating your own business, but without many of the headaches that go with setting up a new business, researching it, finding the suppliers, marketing it and managing it. In a franchise business, you have the opportunity to think big without taking as big a risk as you would if you were venturing out on your own.

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