By Eric Parker The hot topic at the moment is ‘’the worldwide spread of the Coronavirus”. There is little doubt that this virus will have an impact on all businesses. Let’s examine the impact it could have on Franchising. The Franchisor has a responsibility to support...
By Eric Parker In this changing business environment and challenging economy, it has become essential to re-evaluate your business and refresh it at least annually. Just as annual reviews are conducted with staff to determine what they are doing right (affirmation)...
By Eric Parker If you have a successful business that has expansion potential, you could consider various options to achieve your expansion objectives. You have 3 expansion options: Develop a branch network.Develop a franchise network.Develop a Joint Venture network....
Once upon a time when the economy was booming and landlords had a large waiting list of potential tenants wanting to get into their shopping centres, they developed a one-sided rental strategy. They enticed the major retailers with ridiculously low rentals and...
By Eric Parker Franchising in South Africa is way behind the rest of the world. In the USA over 50% of retail sales go through a franchise whereas in South Africa it is only 12%. The mentality amongst Corporate South Africa seems to be: “We need to own it to control...
