Risk vs Reward Dilemma

Risk vs Reward Dilemma

By Eric Parker In business and in life you are faced with the risk/reward alternatives i.e., the higher the risk the greater the reward! However, the more you minimise the risk the lower the reward. In life we have choices – you could remain risk-averse but then your...
Consider An Owner Operator In your 2023 Business Plan

Consider An Owner Operator In your 2023 Business Plan

By Eric Parker and Sasha-Lee de Bod It has reached that time of year when businesses need, to compile budgets and business plans for 2023 and beyond. We believe that there are many reasons, particularly in these difficult times, that you should consider the advantages...
The Impact of Expanding Rapidly in Franchising

The Impact of Expanding Rapidly in Franchising

By Eric Parker and Keratilwe Matsapola Starting a Business and Franchise When someone starts a business one of their main objectives is usually growth. This is true for franchising too. Franchisors spend a lot of time perfecting and/or optimising their concept,...
The Seven Principles of a Responsible Franchisor Wheel

The Seven Principles of a Responsible Franchisor Wheel

By Eric Parker We have often been approached with the question: “To be an ethical Franchisor, what principles do we have to adhere to? “. We, therefore, established the Principles of Responsible Franchisors Wheel with seven important elements: Only franchise an outlet...
A Different Approach to Franchise Royalty Fees

A Different Approach to Franchise Royalty Fees

By Eric Parker In franchising, we have all been following the industry norm when it comes to determining the royalty fees. This is generally a percentage of sales calculated as follows: 10% of gross profit multiplied by the sales. For example, a fast-food outlet needs...
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