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15 Life Lessons

Eric Parker

by Eric Parker

I was recently asked by some young people to share some of my ‘Life Lessons’ with them.  After some thought, I composed the following 15 lessons.

I only wished I had received these when I was in my twenties!!

How to increase your return on investment on store visits to franchisees

Store Visit
As a franchisor, your visits to stores should be focused on improving store performance. Area managers often visit stores just to tick it off their checklist of things to do.

Since there is no purpose to the store visit, they are very unlikely to impact sales, operating standards, customer service, employee morale or anything else that can positively affect the performance of the store.

9 Rules for Family Businesses

9 Rules for Family Businesses

By Sasha-Lee de Bod

Running a family business seems fairly simple but in essence, it thrives on intricacies.

10 Common Mistakes made by Franchisors

10 Common Mistakes made by Franchisors

1. Franchise before they have perfected and proven the concept. 

A business must have an established track record with proof of profit potential before franchising can be considered as a means of expansion.Franchise before they have perfected and proven the concept.  A business must have an established track record with proof of profit potential before franchising can be considered as a means of expansion.

Franchising Insights from a franchisor, franchisee and franchise consultant

Franchising Insights from a franchisor, franchisee and franchise consultant
Who is to say business can’t be entertaining, hold on to your seat as we unpack the world of business and franchising with Business Buzz business finance and economic news on Voice of Wits 88.1 FM

During a recent live broadcast, they unpacked franchising and the economic review from various perspectives. Melissa Eva, franchise consultant at Franchising Plus explains how to get into franchising and if opening a franchise could be an option for you.  Jo-Ann de Wet, supply and operations officer at McDonalds South Africa shares insights from a franchisor perspective whilst Lydia Ramatisa, Engen franchisee shares her story from starting out as an entry level employee. We end off with a summary on the current economic condition with Zanele Kunene from BDO Wealth Advisors.