The people behind the Franchise Brand


It is a known fact that, in franchising, you can expect to get the same product or service at every single of the brand’s outlets – no matter where they are. So, you can expect the Big Mac to taste the same whether you bought it in Beijing, Buenos Aires or Bloemfontein. Similarly, the service you get from PostNet or Cash Converters should be the same both here, in their mother country of Australia or anywhere else around the world. Who are the magic elves that ensure that the ethos and systems of a franchise brand are consistent throughout the network?

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Tips to choosing the right franchise


If you are thinking about investing in a franchise you should keep the adage, “if it sounds too good to be true – generally it is” in mind when investigating franchise opportunities.

Statistics often claim, quite rightly so, that when purchasing a franchise, you are more likely to find greater success than going into business as an independent. Whereas independent businesses have a 90% chance of failure in the first five years, franchise failure is under 10%. However, the buyer must remember that there are always risks involved, and that they can reduce them if proper homework is done.

Our advice to prospective franchisees is to make FASA their first port-of-call when shopping around for a franchise. At the very least they will know that FASA members subscribe to a stringent Code of Ethics that promotes ethical business format franchising practices.

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Don’t let lack of funding stop you achieving your dreams

funding solutions

You can be like Zamile, owner of a well-known restaurant in Kuruman, in the Northern Cape. He was paying close to R5,000 a week to rent a sound and lighting system. Fundrr assisted him in purchasing his own brand-new system, he paid this off after just 6 months and now he owns his equipment, and as a result, no longer has cash flow issues and he is saving +-R220,000 per annum.

Small businesses are the heart and soul of the South African economy. It is estimated that of the 2.8 million SMEs,  small businesses employ over 60% of the local workforce, contribute 35% towards the GDP and collectively have an annual turnover of R727 billion. Unfortunately, according to the NCRs, most small businesses do not last more than 2 years due to inability to access finance. Capital adequacy regulations force banks to lend against fixed assets rather than to lend to businesses. Initially this seems prudent, but eventually this leads to lower economic growth and higher credit risk.

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