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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.

What makes a franchise relationship successful?

What makes a franchise relationship successful? Win Win

By Sasha-Lee de Bod

The nature of franchising is unique in the sense that it is built by a relationship between a franchisor and franchisee of mutual interdependence and reliance. For this relationship to grow and succeed, the relationship needs to be collaborative and bound by common goals and mutual interests. The relationship is more than just a business relationship, it is also an emotional relationship built on trust, respect, care and commitment from franchisor and franchisee level; this can ultimately build or destroy the relationship.

How can a franchisor assist struggling franchisees?

By Melissa Eva


In the current economic downturn, all franchisors are certainly going to experience an increase in franchisees who are struggling to make a profit. Franchisees that are battling are certainly a risk to your brand.

Tackling township business – a market for growth and development

Tackling township business – a market for growth and development

By Sasha-Lee de Bod

Franchises and independent businesses are competing and operating in highly competitive and in some instances saturated markets.  Business owners are now looking at alternative means of market expansion and ways of revitalizing the economy to address poverty, inequality and unemployment.

How tax burdens can be reduced for franchisees

How tax burdens can be reduced for franchisees

By Andre van Wyk

In November 2017 the Tax Court found in favour of a franchisee which could reduce the tax burden on many franchisees.

Two main principles in tax law

The two main principles in tax law are:

 

  1. All income received or accrued is taxable (subject to certain exceptions); and
  2. Only expenses already incurred in the production of taxable income is deductible from that income.