Prepare Now for The Franchise Resurgence: South Africa, September 2020 – Mark Siebert, author of The Franchisee Handbook, predicts that a franchise resurgence is on its way. Paul Stevens, CEO of Just Property, agrees. These are his thoughts on why franchise sales are likely to surge in the years to come and how to prepare. The lockdown caused many people to rethink their business models and to look for efficiencies that can help buffer the negative impact of an extended downturn or another … [Read more...] about Prepare Now for The Franchise Resurgence – MyPR.co.za
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The Business of Beauty, a Tammy Taylor Nails Franchise… – MyPR.co.za
The Business of Beauty, a Tammy Taylor Nails Franchise…: Pretoria, July 31, 2020: Women make the perfect business owners in the beauty industry, especially if they can follow their passion and have carte blanche over their future direction. The sense of joy and fulfillment that comes with running your own business is truly empowering. This is the word from Tammy Taylor Nails SA President and Owner, Melany Viljoen. “If you are going to go into business, it should be in a field you are … [Read more...] about The Business of Beauty, a Tammy Taylor Nails Franchise… – MyPR.co.za
The Cons of Using Micro Loans for Franchises
FNB has seen an increase in the number of entrepreneurs considering using micro loans as an alternative form of franchise funding – while qualifying for bank finance. Morne Cronje, Head of Franchising at FNB Business says although micro loans may appear attractive at first glance, they do not provide entrepreneurs with a holistic financial services offering that can sustainably support a franchise business. In the long-term, they present many disadvantages for the franchise. He unpacks the … [Read more...] about The Cons of Using Micro Loans for Franchises
Why franchises prefer shopping centres or malls
It has been proven time and again that choosing the right location is key to success in franchising. According to the latest FASA (Franchise Association of South Africa) survey, more franchises are choosing to be located at a shopping centre or mall. Morne Cronje, Head of Franchising at FNB Business says, “Before choosing a location, you should first consider the nature of your business and the ideal strategy for attracting customers. Therefore, doing your homework and research before … [Read more...] about Why franchises prefer shopping centres or malls
Franchises need to converge with Social Media
A recent survey conducted by the Franchise Association of South Africa (FASA) revealed that the franchising industry has grown from contributing 13,3% to the South African Gross Domestic Product (GDP) in 2017 to its current figure of 15,7% despite the tough economic climate and its impact on franchises. Morne Cronje, Head of Franchising at FNB Business says, franchising is a tested business model that should be considered as a treasure trove in creating jobs and social impact for people in … [Read more...] about Franchises need to converge with Social Media
4 Key phases of the franchising relationship
The relationship between the franchisor and franchisee is often overlooked by people who are starting out in franchising. This is one of the biggest mistakes that one can do; it creates a lack of mutual understating, it also has a direct correlation to the 10% failure rate in franchising. Riaan Fouche, the Chief Operations Officer of Franchising at FNB Business says, “One of the things that franchisors should manage is a healthy relationship with franchisees and that requires a multitude of … [Read more...] about 4 Key phases of the franchising relationship
PE Business in the news: A PRIME NEW FAST FOOD FRANCHISE IN THE BRIDGE PE FOR SALE
Promote your business on BuyPE and MyPR. A PRIME NEW FAST FOOD FRANCHISE IN THE BRIDGE PE FOR SALE: DESCRIPTION: This well established fast food franchise is a profitable little business with huge potential. This will be a new store. The brand is well known with over a hundred and twenty franchises ... Source: "Port Elizabeth" business - BingNews. PORT ELIZABETH ( ZA ) Port Schedules: Schedules, ports of call and prices described here above, are only for indicative and commercial purpose … [Read more...] about PE Business in the news: A PRIME NEW FAST FOOD FRANCHISE IN THE BRIDGE PE FOR SALE
Thinking of going into franchising?
A lot has been said about franchising being one of the resilient sectors in our economy as it contributes approximately 13,3% to South Africa’s GDP. Thus, people might consider the route of owning a franchise in their entrepreneurial journey. Morne Cronje, Head of Franchising at FNB Business says, “Franchising has a lot of advantages than starting a business from the ground up as the failure rate in franchising is less than 10% compared to the high failure rate of traditional start-up … [Read more...] about Thinking of going into franchising?
e² Young Engineers opens new franchise in Nelson Mandela Bay to bring STEM into Early Childhood Development in a fun and educational way – MyPR.co.za
e² Young Engineers opens new franchise in Nelson Mandela Bay to bring STEM into Early Childhood Development in a fun and educational way: Science, Technology, Engineering and Mathematics (STEM) basics taught to develop young minds 28 May 2018 – CENTURION, SOUTH AFRICA – e² Young Engineers, a company that provides educational enrichment programmes with an engaging, hands-on learning platform for children, today announces that the company has opened it’s a franchise in Nelson Mandela Bay. The … [Read more...] about e² Young Engineers opens new franchise in Nelson Mandela Bay to bring STEM into Early Childhood Development in a fun and educational way – MyPR.co.za
First black real estate firm to franchise – MyPR.co.za
First black real estate firm to franchise: Xoliswa Tini: Taking the first black real estate firm to franchise Photo: Jeremy Glyn East London real estate entrepreneur Xoliswa Tini is to expand her 15-year old business to other provinces later this month and become the first black 100% owned female franchise in South Africa. The University of Cape Town graduate says that key role players like investors and developers are excited about the development and see opportunity for a strong black African … [Read more...] about First black real estate firm to franchise – MyPR.co.za
Key traits of a successful franchise
South Africa’s exponential franchises took centre stage at the 6th edition of the annual FNB Franchising Leadership Summit held recently at Indaba Hotel in Fourways, Johannesburg. Themed “exponential growth”, the Summit coincides with the world-wide commemoration of Global Entrepreneurship Week (GEW), which celebrates the remarkable contribution of entrepreneurs to the global economy. The 2017 Summit focused on unpacking four perspectives of exponential growth, namely: entrepreneurship, … [Read more...] about Key traits of a successful franchise
What makes a franchise recession proof?
Over the past four years the franchising sector has displayed resilience, consistently growing its contribution to the country’s Gross Domestic Product (GDP) from 9.7% in 2014 to its present contribution of 13.3% - an upward trend that is most likely to continue despite the lackluster economy. The current growth of 13.3% is broken down by the Franchise Association of South Africa (FASA) as follows: The largest franchise system is the Fast Foods and Restaurant category (25%). The Retail … [Read more...] about What makes a franchise recession proof?
SA needs more new franchises to create more jobs
South Africa has over 35 000 franchise outlets that employ more than 300 000 people. Consequently, franchising holds the key for job creation, because the failure rate of franchise businesses is far less than a regular start-up. Morne Cronje, Head of Franchising at FNB Business says, “In spite of the economic slowdown that is having a knock-on effect on small businesses, the franchise sector continues to grow gradually and Franchise brands are doing better because of their strong business … [Read more...] about SA needs more new franchises to create more jobs
Lessons from 2016 FNB Franchising Leadership Summit
01 September 2016: Unless franchise business owners start thinking out of the box and embrace the disruptive forces of innovation, creativity and technology, they risk losing market share and ultimately their existence. Themed "Disrupting the future of franchising", the summit focused on how the concept of disruption is changing the business landscape, not only in South Africa, but across the globe. While disruption aims to break traditional stereotypes in the business world it also … [Read more...] about Lessons from 2016 FNB Franchising Leadership Summit
Fast Food Pricing Woes
Soaring input costs and the electricity tariff hike coming into effect in April, coupled with increasing food prices and daily living expenses are making it difficult for fast food franchises to pass on costs to consumers who are already struggling to make ends meet. Morne Cronje, Head of Franchising at FNB says in response to the tough economic conditions, fast food franchises are becoming more strategic about maintaining profit margins while making sure that their offerings remain relevant … [Read more...] about Fast Food Pricing Woes
