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Most Popular Franchise Industries in South Africa
Franchising is a popular business model in South Africa, that allows entrepreneurs to start their own businesses using an established brand and business system. Due to the fact that franchising can be adapted to almost any business sector, the range of franchise opportunities is extensive. With proper planning and implementation, franchising can be a successful and rewarding business venture in South Africa. Franchise Administration will provide you with the most popular franchise industries in South Africa, to make an informed decision on your franchise venture. The Most Popular Franchise Industries in South Africa Include… Automotive Products and Services This sector spans a wide array of products and services with many…
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How to Fund a Franchise Business
It is vitally important to know how to fund a franchise business if you wish to start your own in South Africa. Franchising is a great business model option because not only does it allow you to run your own business, but it also comes with the support and brand recognition of an established franchise. However, securing the funds required may be a big obstacle to starting a franchise. Just as franchises come in all shapes and sizes, so do the options for funding them…and this is where the Franchise Administration team can assist! So, explore the potential avenues below on how to fund a franchise business. Government Grants and…
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What Businesses can be Franchised
As franchising continues to be a successful business model in South Africa, there is certainly more room for growth. With the sector being a vital part of the backbone of our country’s economy, knowing what businesses can be franchised is an important first step to entering this lucrative market. With a variety of franchise models out there, Franchise Administration can help you pinpoint the kind of model that will work best for your particular business needs and objectives. Included below are some of the businesses that can be franchised, with popular industries to invest in: Retail This includes franchises that are situated in malls or other retail stores, ranging from supermarkets…
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Can a Small Business Owner Start a Franchise
With franchising proving to be a popular business model, many entrepreneurs are considering the question of, “Can a small business owner start a franchise?”. The franchise business model allows bigger businesses to branch out and expand, while giving entrepreneurs and small business owners a chance to run their own operations with the help and support of a larger organisation. Franchising a small business is a great way to achieve business growth, while minimising the overhead costs involved in opening additional locations yourself. Operating a new business can be daunting, but by opening a franchise business, you don’t have to start from scratch. A franchise business allows you to operate under a…
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Feasibility Studies to Evaluate Franchise Readiness and Viability
No matter the business model, entrepreneurs require feasibility studies to evaluate franchise readiness and viability. A feasibility study is conducted prior to undertaking a project. This serves as a way for business owners to determine how the creation of a franchise structure may affect their current business. A franchise feasibility study determines whether the business being evaluated has a reasonable chance for success as a franchise. The franchise feasibility study comprises of vital information including the funding needs to complete the project, the market opportunity, government regulations, risk factors, strength and weaknesses, the management team and the financials of the company. While a feasibility study somewhat sounds like a business…
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How to Start a Franchise Business
Paving the way for a new business is not easy. However, opening a franchise provides the benefits of entrepreneurship with the resources of a large parent company. Business ownership at any level is risky, but franchising can bring career fulfillment with a measure of support. Franchising allows for bigger businesses to branch out and grow, whilst providing entrepreneurs and small business owners with the opportunity to run their own operations. It is therefore imperative to know the steps that need to be taken on how to start a franchise business, set for success. To start a franchise business, entrepreneurs should firstly run a pilot unit to gain valuable insights. It…
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Franchise Disclosure Document Development for Franchisees
A Franchise Disclosure Document (FDD) provides prospective franchisees with information about a franchisor, the franchise system, and the agreements they will need to sign so that they can make an informed decision. The disclosure document provides constructive and reliable information about the franchise. It also provides franchisees with current information about the franchise that they need to run their business. Franchise disclosure document development is therefore of vital importance to a franchisee, as it is includes information designed specifically to educate franchisee’s about a particular franchisor, its network, and operations. At, Franchise Administration, we can assist with drafting a comprehensive FDD for you to make informed decisions in the franchising…
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Franchise Manual Development for a Successful Franchise System
The franchise operations or training manual is the blueprint and how-to guide of a franchise system. Within the manual, franchisors provide detailed information about system standards, operating procedures, suppliers, and requirements for the development, marketing, and operation of a franchised business. Franchise manual development is vitally important, even more so as a franchise system grows. Over time, the franchise manual becomes the communications hub that communicates all system standards and operational requirements that franchisees must follow. For franchisors, the role of the operations manual is to organise, document, and communicate the operational requirements, systems, and procedures for franchisee training, including the establishment and running of the business. Although operational in…
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The Franchise Association of South Africa Transforming the Sector
The Franchise Association of South Africa (FASA) is the oldest internationally recognised Franchise Association on the continent. FASA is responsible for the roll-out of ethical franchising in South Africa. The Association protects, lobbies, promotes, and develops ethical franchising across various sectors in South Africa, with key focus on transformation. The Franchise Association of South Africa (FASA) is Mandated to: Franchising is accepted as one of the most successful business formats on a global scale. FASA’s role is therefore to continuously promote the advantages of franchising to South African business entrepreneurs, prospective franchisees, and to the public at large. FASA holds the distinction of being one of the first countries globally…
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Franchise Agreement Development for Franchisors & Franchisees
A franchise agreement is a legally binding contract that sets out the rules of the franchising relationship that both the franchisor and franchisee have agreed to. The main purpose of this contract is to protect the intellectual property of the franchisor. In essence, a franchise agreement explains what the franchisor expects from the franchise in running the business. The agreement is also designed to ensure that all of the franchisees within an organisation are treated equitably. Franchise Administration can assist with franchise agreement development, for compliant and ethical franchising across South Africa. Key Components of a Franchise Agreement Development include: For more information and assistance do not hesitate to contact…
