Vinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.xVinaora Nivo Slider 3.x

Radio 786 Business Inside – Franchising Interview

Radio 786 Business Inside – Franchising Interview
As a Business owner, staying connected and open to new approaches is vital to evolve a business.  There are various mechanisms available to evolve and expand, of which franchising should be considered as a key strategy.

Why royalty holidays don’t work

Why royalty holidays don’t work

By Sasha-Lee de Bod

Times are tough in any independent business environment and expenses continuously pile up, but when you own your own franchised business you need to take additional management service fee/royalty expenses into account and plan/budget for it. 

South Africa poised for growth again

South Africa poised for growth again

By Sasha-Lee de Bod

The world has been closely observing and contemplating the political and economic situation in South Africa over the past year.  The nation waited in anticipation for the 2018 State of the Nation Address and budget speech which would determine the future of the country, knowing that each decision made by South Africa’s ruling government will influence consumers and businesses alike.  The result indicated that it will bring improvement in the country if key challenges are addressed with real solutions.

12 Criteria for happy franchisees

12 Criteria for happy franchisees

By Sasha-Lee de Bod

“Learn to look after your staff first and the rest will follow” - Richard Branson.  The words of Richard Branson can also apply for a franchisor/franchisee relationship the more you give as a franchisor, the more you will get out of your franchisees.

A franchise network cannot grow without franchisees.  Franchisors are starting to realise that growing the franchise network requires looking after franchisees as this can result in either the success or the failure of the franchise network.

It is time to update your disclosure document

It is time to update your disclosure document

By Sasha-Lee de Bod

Running a franchise network is a full-time responsibility which requires the franchisor to perform various roles daily, while doing so, franchisors should not forget about their disclosure document after being drafted in the developmental stage of the network.

If you are a franchisor, whose financial year end runs from 28 February to 1 March, it is time to review and update your disclosure document.