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As a franchisee, staying productive is crucial for the success of your franchise business. Here are some tips to help you stay productive: Set clear goals: Define your short-term and long-term goals for your franchise business. Break them down into specific, measurable, achievable, relevant, and time-bound (SMART) goals. This will provide you with a clear direction and focus. Create a schedule: Develop a daily or weekly schedule that outlines your tasks and priorities. Set aside dedicated time for different activities such as operations, marketing, administration, and customer service. Stick to your schedule as much as possible to avoid distractions and stay on track. Delegate and outsource: Identify tasks that can be delegated or outsourced to others. If you have employees, assign responsibilities and empower them to take on certain tasks. This will free up your time to focus on more strategic aspects of your franchise business. Stay organized: Keep your workspace and digital files well-organized. Use tools such as calendars, to-do lists, project management software, and cloud storage to stay organized and track your tasks. This will help you prioritize your work and avoid missing deadlines. Continuously learn and improve: Stay updated on industry trends, best practices, and new technologies relevant to your franchise business. Attend seminars, workshops, or webinars, and read books or articles related to your industry. The more knowledge and skills you acquire, the better equipped you'll be to run your franchise efficiently. Take breaks and maintain work-life balance: It's important to take regular breaks to recharge and avoid burnout. Schedule short breaks throughout your workday, and plan vacations or time off to rejuvenate. Maintaining a healthy work-life balance will help you stay motivated and focused when you are working. Network and collaborate: Connect with other franchisees within your franchise system and participate in industry associations or networking events. Share experiences, ideas, and best practices with fellow franchisees. Collaborating and learning from others can provide valuable insights and boost your productivity. Automate and streamline processes: Identify repetitive tasks or processes that can be automated or streamlined. Utilize technology solutions such as customer relationship management (CRM) software, inventory management systems, and accounting software to simplify your operations. Automating routine tasks can save time and allow you to focus on more critical aspects of your franchise. Track your progress: Regularly review your performance and track key performance indicators (KPIs) relevant to your franchise business. Monitor sales, customer satisfaction, profitability, and other metrics that align with your goals. Analyzing your progress will help you identify areas for improvement and make informed decisions. Stay motivated and positive: Maintain a positive mindset and find ways to stay motivated. Celebrate your achievements and milestones, no matter how small. Surround yourself with supportive and like-minded individuals who can encourage and inspire you. Positive energy can significantly impact your productivity and overall success. Remember, productivity is a continuous effort. It's important to adapt, learn from your experiences, and make adjustments to your strategies as needed.

The location of your franchise is typically chosen through a collaborative effort between you as the franchisee and the franchisor. As the franchisee, you may have some input or preference regarding where you would like to operate your franchise, taking into consideration factors such as local market conditions, demographics, and competition. The franchisor will usually provide guidelines and criteria for selecting a location that meet their standards and brand requirements. This may include factors such as the size of the location, visibility, accessibility, traffic patterns, and proximity to complementary businesses. Ultimately, the franchisor will have the final say on the location of your franchise, as they have a vested interest in protecting their brand and ensuring the success of their franchise system. They may also conduct site visits and analysis to evaluate potential locations before making a decision. It's important to communicate openly with the franchisor and work collaboratively to select a location that meets everyone's needs and requirements.

No, you do not have to like the franchise to become a franchisee. While it certainly helps if you have a passion for the product or service the franchise offers, it is not a requirement. What is more important is that you believe in the business model and have a strong desire to succeed as a business owner. As a franchisee, you will be investing a significant amount of time and money into the business, so it is important to carefully evaluate the franchise opportunity and ensure that it aligns with your goals and values. Additionally, many successful franchisees have little to no prior experience in the industry they are entering. Franchise companies typically provide extensive training and support to help franchisees succeed, regardless of their background or level of expertise. Ultimately, the key to becoming a successful franchisee is to have a strong work ethic, a willingness to learn, and a commitment to following the established systems and procedures that are part of the franchise business model.

Franchising is a business model that allows individuals to own and operate their own business under an established brand name, with support from the franchisor in areas such as marketing, training, and operations. It can be a great way for aspiring entrepreneurs to start their own business without having to develop a brand from scratch. However, franchising may not be the right fit for everyone. In this blog post, we will explore some of the factors to consider when deciding whether franchising is right for you. Your Personality The first thing to consider when deciding whether franchising is right for you is your personality. Are you comfortable following established guidelines and procedures, or do you prefer to operate independently? Franchising requires a level of adherence to rules and procedures that may not be suitable for those who like to do things their own way. Financial Resources Franchising typically requires a significant financial investment, both in terms of initial franchise fees and ongoing royalties. Before considering franchising, it is important to assess your financial resources to determine whether you can afford the investment. Additionally, you should consider whether you have the financial resources to weather any potential business downturns or unexpected expenses. Support from the Franchisor One of the key advantages of franchising is the support provided by the franchisor. This support can come in many forms, including training, marketing, and operations support. Before deciding whether franchising is right for you, it is important to research the level of support provided by the franchisor and determine whether it meets your needs. Your Business Goals Another important factor to consider when deciding whether franchising is right for you is your business goals. Do you want to build a single-location business, or do you have aspirations of owning multiple locations? Franchising can be a great way to scale a business quickly, but it may not be the best fit for those who are content with a single location. Legal Considerations Franchising is a highly regulated industry, and there are many legal considerations to take into account before deciding whether franchising is right for you. These include complying with franchise disclosure laws, negotiating franchise agreements, and understanding the rights and obligations of both franchisors and franchisees. In conclusion, franchising can be a great way to start a business under an established brand name, with support from the franchisor. However, it is important to consider your personality, financial resources, support from the franchisor, business goals, and legal considerations before making a decision. By carefully weighing these factors, you can determine whether franchising is right for you and make an informed decision about whether to pursue this business model.

Franchising is a popular way of starting a business because it offers a proven business model and the support of an established brand. However, buying a franchise also comes with a cost, and it is important to understand the fees that you will have to pay before making a decision. The fees that you will have to pay when buying a franchise can vary depending on the franchisor and the industry. Here are some of the most common fees that you may encounter: Initial Franchise Fee: This is the fee that you will have to pay to the franchisor to obtain the right to use their brand name and operating system. This fee can range from a few thousand dollars to hundreds of thousands of dollars depending on the franchisor and the industry. Royalty Fees: This is a percentage of your sales that you will have to pay to the franchisor on an ongoing basis. This fee is typically between 4% and 8% of your gross sales. Advertising Fees: Many franchisors require their franchisees to contribute to a national or regional advertising fund. This fee is usually a percentage of your gross sales and can range from 1% to 4%. Training and Support Fees: Some franchisors charge their franchisees for training and ongoing support. This fee can be a flat rate or a percentage of your sales. Renewal Fees: Franchise agreements usually last for a set period of time, after which they need to be renewed. The renewal fee can range from a few thousand dollars to tens of thousands of dollars. Other Fees: Depending on the franchisor and the industry, there may be other fees that you will have to pay, such as technology fees, equipment fees, or inventory fees. It is important to carefully review the franchise disclosure document (FDD) and the franchise agreement to understand all of the fees that you will have to pay. You should also consider the potential return on investment and the ongoing costs of running a franchise before making a decision. In conclusion, buying a franchise can be a great way to start a business, but it is important to understand the fees that come with it. By doing your research and understanding the costs involved, you can make an informed decision about whether franchising is right for you.

If you're thinking about buying into a franchise, it's essential to have a good understanding of the franchise agreement. This document sets out the terms and conditions of the franchise arrangement, including things like fees, territory, and intellectual property rights. But when it comes to getting legal advice, you might be wondering whether you need to show the franchise agreement to your solicitor. In short, the answer is yes, and in this blog post, we'll explain why. Protecting your interests When you're entering into a franchise agreement, you're entering into a legally binding contract. As such, it's crucial to have a thorough understanding of the terms and conditions of the agreement. A solicitor can review the document and ensure that it's fair and reasonable, and that it adequately protects your interests. Your solicitor can also help you negotiate any changes to the agreement that you think are necessary. Highlighting potential issues A franchise agreement can be complex and full of legal jargon. A solicitor can help you understand what each clause means and how it may impact your business. They can highlight any potential issues or areas of concern that you may have missed. This could include things like restrictive clauses that limit your ability to operate in certain areas or conditions that require you to purchase supplies from the franchisor at inflated prices. Ensuring compliance Franchise agreements are typically heavily regulated, and there may be specific legal requirements that you need to comply with. Your solicitor can help you understand these requirements and ensure that you're in compliance with them. This could include things like consumer protection laws, data protection regulations, and employment law. Negotiating changes When you review the franchise agreement with your solicitor, you may identify areas where you want to negotiate changes. Your solicitor can help you navigate this process and ensure that any changes you make are fair and reasonable. They can also help you understand the implications of any changes you propose and negotiate on your behalf with the franchisor. In conclusion, if you're thinking about buying into a franchise, it's crucial to have a solicitor review the franchise agreement. A solicitor can help you protect your interests, highlight potential issues, ensure compliance with legal requirements, and negotiate changes to the agreement. By working with a solicitor, you can enter into the franchise agreement with confidence and peace of mind, knowing that your interests are protected.

The franchise recruitment process is a crucial aspect of expanding a business through franchising. It involves finding and selecting individuals or companies to become franchisees and operate their own business using the franchisor's trademark, systems, and support. In this blog post, we will take a closer look at what the franchise recruitment process involves. Develop a Franchise Program The first step in the franchise recruitment process is to develop a comprehensive franchise program. This includes creating a detailed franchise agreement, operations manual, and franchise disclosure document (FDD). The franchise agreement outlines the terms and conditions of the franchise relationship, while the operations manual provides the franchisee with detailed information on how to operate the business. The FDD is a legal document that provides information on the franchisor's business background, financial performance, and franchisee obligations. Identify Potential Franchisees The next step is to identify potential franchisees. Franchisors can use various methods to find potential franchisees, including advertising, trade shows, and referrals. It is important to ensure that potential franchisees have the necessary skills, experience, and financial resources to operate a successful franchise. Pre-Qualify Potential Franchisees Once potential franchisees have been identified, they need to be pre-qualified. This involves evaluating their financial statements, credit history, and business experience. The franchisor may also conduct interviews to assess the potential franchisee's compatibility with the franchisor's business culture and values. Provide Franchise Disclosure Documents After pre-qualifying potential franchisees, the franchisor provides them with the FDD. The FDD provides detailed information about the franchisor's bus iness, including the initial franchise fee, ongoing royalties, and advertising fees. The potential franchisee must review the FDD carefully and seek legal and financial advice before signing the franchise agreement. Training and Support Once the franchise agreement is signed, the franchisor provides the franchisee with training and support to help them launch their business. This includes training on the franchisor's business systems, operations manual, and ongoing support to ensure that the franchisee is following the franchisor's guidelines and achieving success. In conclusion, the franchise recruitment process is a complex and detailed process that requires careful planning and execution. By following these steps, franchisors can ensure that they find the right franchisees who are compatible with their business culture and values, and who have the skills, experience, and financial resources to operate a successful franchise.

As the franchise industry continues to grow in South Africa, many aspiring entrepreneurs are looking to become franchisees. However, financing a franchise purchase can be a challenge for many people. In this guide, I will provide you with information on the different types of financing options available, as well as how to prepare for franchise funding. Whether you have money to invest or not, this guide will help you understand how to buy a franchise in South Africa. Introduction to franchising in South Africa Franchising is a business model where a franchisor grants the right to use its trademark, systems, and processes to a franchisee in exchange for a fee and ongoing royalties. The franchise industry in South Africa is a significant contributor to the country's economy, with over 800 franchise systems and approximately 40,000 franchise outlets. Franchising offers entrepreneurs the opportunity to start a business with a proven concept, established brand, and support from the franchisor. Types of franchise financing options There are several financing options available for franchisees in South Africa. These options include: Self-funding Self-funding is when an entrepreneur uses their savings or personal assets to finance the franchise purchase. This option allows the franchisee to have complete control over the business and avoid paying interest charges. Bank loans Banks offer loans to franchisees to finance the franchise purchase. To qualify for a bank loan, the franchisee must have a good credit score and a solid business plan. The loan amount and interest rate will depend on the franchisee's creditworthiness and the bank's lending policies. Government funding The South African government offers funding programs to support small and medium-sized enterprises (SMEs). These programs provide financial assistance to entrepreneurs who are starting or expanding their businesses. Understanding franchise fees and costs Before deciding to buy a franchise, it's essential to understand the franchise fees and costs involved. These fees and costs include: Franchise fee The franchise fee is the initial fee paid to the franchisor to use its trademark, systems, and processes. The franchise fee can range from R50,000 to R500,000, depending on the franchise system. Royalties Royalties are ongoing fees paid to the franchisor for the right to use its trademark, systems, and processes. Royalties are usually a percentage of the franchisee's gross sales and can range from 3% to 10%. Advertising fees Advertising fees are fees paid by franchisees to the franchisor for national advertising campaigns. Advertising fees are usually a percentage of the franchisee's gross sales and can range from 1% to 5%. Other costs Other costs involved in franchising include rent, equipment, inventory, staff, and utilities. The franchisor may also require the franchisee to attend training sessions and purchase products from approved suppliers. How to buy a franchise with no money Buying a franchise with no money may seem impossible, but there are ways to achieve it. Here are some tips on how to buy a franchise with no money: Look for a low-cost franchise Look for a franchise system with a low franchise fee and low start-up costs. Some franchisors offer financing options or payment plans to help franchisees with limited funds. Consider a partnership Consider partnering with someone who has the financial resources to invest in the franchise. A partnership can also bring complementary skills and experience to the business. Use personal assets Use personal assets such as a home equity loan, credit cards, or a retirement savings account to finance the franchise purchase. However, this option comes with a significant risk and should only be considered after careful consideration. Qualifying for franchise funding To qualify for franchise funding, the franchisee must have a solid business plan, a good credit score, and a track record of success in business. The franchisor may also require the franchisee to have a certain level of experience in the industry. Preparing a franchise business plan A franchise business plan is essential when seeking franchise funding. The business plan should include: Executive summary The executive summary should provide a brief overview of the franchise business and its objectives. Market analysis The market analysis should identify the target market, competition, and growth potential. Franchise fees and costs The franchise fees and costs should be outlined in detail, including the initial franchise fee, royalties, advertising fees, and other costs. Financial projections The financial projections should include income statements, cash flow statements, and balance sheets for the first three to five years of the franchise business. Franchise finance institutions in South Africa There are several franchise finance institutions in South Africa that offer funding options for franchisees. These institutions include: Business Partners Limited Business Partners Limited is a South African investment company that provides financing, mentorship, and support to SMEs. Franchising Plus Franchising Plus is a consulting firm that specializes in franchise development and financing. Nedbank Nedbank is a South African bank that offers franchise funding options, including loans and overdrafts. Tips for securing franchise funding Securing franchise funding can be a challenge, but there are ways to increase your chances of success. Here are some tips for securing franchise funding: Have a solid business plan Having a solid business plan that outlines the franchise business's goals, market analysis, and financial projections can increase your chances of securing franchise funding. Build a good credit score A good credit score is essential when seeking franchise funding. Paying bills on time and managing debt responsibly can help improve your credit score. Network with other franchisees Networking with other franchisees can provide valuable insights and connections that can help you secure franchise funding. Pros and cons of franchise financing Franchise financing has its pros and cons. Here are some of the advantages and disadvantages of franchise financing: Pros Access to a proven business model and established brand Support from the franchisor Lower failure rates compared to starting a business from scratch Cons High initial investment Ongoing fees and royalties Limited control over the business Conclusion Financing a franchise purchase can be a challenge, but with the right information and preparation, it's possible to achieve your goal of becoming a franchisee in South Africa. Whether you have money to invest or not, there are financing options available to help you buy a franchise. Remember to do your due diligence and seek advice from professionals to ensure you make an informed decision. Good luck on your franchise journey.

Introduction: The auto body repair industry is a profitable business, and opening a franchise is a great way to get started in the industry. Auto body repair franchises offer many benefits, including established brand recognition, proven business models, and training and support. This article will discuss why an auto body repair franchise is a good idea for entrepreneurs. Established Brand Recognition: One of the significant advantages of opening an auto body repair franchise is the established brand recognition that comes with it. Customers are more likely to trust a well-known brand with a proven track record of quality service. Franchisees benefit from the franchisor's established reputation, which can help attract new customers and generate business. Proven Business Models: Auto body repair franchises have a proven business model that has been tested and refined over time. Franchisees benefit from the franchisor's experience and expertise in the industry, including their knowledge of best practices, marketing strategies, and operational efficiency. Franchisees can also take advantage of the franchisor's established supply chain, which can help reduce costs and improve profitability. Training and Support: Auto body repair franchises provide training and support to their franchisees, which is another significant advantage. Franchisees receive extensive training on the franchise system, including operational procedures, marketing strategies, and customer service. The franchisor also provides ongoing support to franchisees, including access to resources and guidance on business operations and management. Brand Recognition, Proven Business Models, and Training and Support Opening an auto body repair franchise is a great way to get started in the auto repair industry. Franchisees benefit from established brand recognition, proven business models, and training and support from the franchisor. These benefits can help new business owners succeed in the industry and build a profitable business. Conclusion: In conclusion, opening an auto body repair franchise is a great idea for entrepreneurs interested in the auto repair industry. Franchises offer many benefits, including established brand recognition, proven business models, and training and support. These benefits can help new business owners succeed in the industry and build a profitable business. If you're interested in starting an auto body repair franchise, do your research and choose a franchisor with a proven track record of success in the industry.

Franchising has become a popular business model because of its high success rate compared to other types of businesses. According to the International Franchise Association, over 90% of franchise businesses are still in operation after five years, while only about 15% of non-franchise businesses survive past the five-year mark. There are several reasons why franchises have a better success rate, including: Proven Business Model Franchise businesses have a proven business model that has been tested and refined over time. Franchisors have already established successful systems and processes that work, making it easier for franchisees to replicate their success. Franchisees receive comprehensive training and ongoing support to help them run their business effectively and efficiently. Established Brand One of the biggest advantages of franchising is the established brand recognition that comes with it. Franchisees benefit from the franchisor's established brand name, reputation, and marketing campaigns, which can help to attract customers and generate revenue. The franchisor's marketing efforts benefit all franchisees, regardless of their location, which can help to increase brand awareness and credibility. Economies of Scale Franchise businesses can take advantage of economies of scale by pooling resources and buying power with other franchisees. This allows franchisees to benefit from lower costs on supplies, inventory, and equipment, which can help to increase their profit margins and make their business more competitive. Training and Support Franchisees receive comprehensive training and ongoing support from the franchisor, which is critical to the success of their business. Franchisors provide training on all aspects of the business, including operations, marketing, customer service, and financial management. Franchisees also receive ongoing support from the franchisor, including assistance with advertising, operations, and supply chain management. Reduced Risk Franchising reduces the risk associated with starting a new business. Franchisees benefit from the franchisor's experience, systems, and support, which can help to minimize the risk of failure. Franchisors also provide franchisees with a detailed business plan and financial projections, which can help them to make informed decisions about their investment. In conclusion, franchises have a better success rate compared to non-franchise businesses because of the proven business model, established brand, economies of scale, training and support, and reduced risk. Franchising provides entrepreneurs with an opportunity to start their own business with a lower risk of failure, leveraging the franchisor's experience and resources to achieve success.

Starting a business can be daunting, but owning a franchise can provide a promising solution. By becoming a franchisee, individuals can leverage the established brand recognition, training and support, and proven business model the franchisor offers. But those aren't the only benefits of running a franchise. Today, we'll explore the primary advantages of owning a franchise and how they can help set franchisees on a path to success. Established brand recognition One of the most significant benefits of owning a franchise is the established brand recognition that comes with it. When you purchase a franchise, you're buying into a well-known brand that has already established a reputation in the market. This can help attract customers and create a competitive advantage over choosing to run an independent business. Training and support Another advantage to owning a franchise is the training and support that is available to you. Most franchisors offer comprehensive training programs for their franchisees and ongoing support to help them run their businesses effectively. This can include marketing support, operational support, and ongoing training to help franchisees stay up-to-date with industry trends and best practices. A proven business model When you purchase a franchise, you're investing in a proven business model tested and refined by the franchisor. This can help increase the likelihood of success. Many franchisees find that they can achieve tremendous success than they would have been able to simply by following the franchisor's established business model. Access to resources Owning a franchise gives you access to various resources and tools to help you run your business more effectively. This can include everything from marketing materials and training programs to software and technology systems. With these resources, you can focus on growing your business rather than worrying about the technical aspects of running a business. Buying power Franchisees often have greater buying power than independent businesses, as they can negotiate better prices for supplies and other products through their franchisor. That's because franchises benefit from economies of scale. This can help you save money on overhead costs and increase your profit margins. Marketing support Many franchisors provide extensive marketing support to their franchisees, which can help you attract new customers and grow your business. This can include everything from local advertising and promotions to national marketing campaigns. With this support, you can focus on running your business while the franchisor manages the marketing. Networking opportunities Owning a franchise provides you with networking opportunities with other franchisees and franchisors. This can be a great way to discover and share new ideas and best practices and build relationships with other business owners in your industry. Financial stability Owning a franchise can provide financial stability for franchisees, as they can rely on a proven business model and established brand recognition to drive revenue. This can help reduce the risk of failure and increase the likelihood of long-term success. Owning a franchise can be a great way to start a business. They offer many benefits for individuals looking to start a business and provide a roadmap to success. Whether you're a first-time business owner or an experienced entrepreneur, owning a franchise offers the potential for financial stability, growth, and success. It lets you focus on growing your business and achieving your entrepreneurial dreams. Are you interested in learning more about franchising? Then, contact: Martin de Beer Marketing Executive: Corporate martin@mcbmanco.co.za +27 67 072 0925 and find out whether an HJ Bosch and Sons ABR franchise could fit you.

As the Franchise Association of South Africa, together with Absa, embarks on a definitive industry survey after a break of the past four gruelling years – that included the debilitating effects of the Covid-19 lockdown regulations, flooding and the July 2021 riots and looting, political turmoil and economic strain – it hopes to get a clear indication of the challenges franchisors and franchisees faced and more importantly what lies ahead for the future of this important sector. Then… the 2019 FASA Franchise Survey showed that whilst the industry was taking strain due to the slowing economy, franchising contributed 13.9% to the country’s GDP (R734 billion) through its 813 franchise systems and its 47 923 outlets and employing, directly and indirectly, almost 500 000 people. It showed a solid performance despite tough economic conditions and was testament to the tenacity of this unique business format. Now… there is no question that businesses across the board, big and small, including franchises were hit hard by the snowballing effect started by Covid-19 and affected by so many other socio-political and economic factors since then. By and large, the franchise sector has, through these trying times and in line with global trends, relied on the strength of the collective made up of franchisors and franchisees – all tackling problems and finding solutions together. “FASA has, for the past 44 years, overseen the establishment and growth of this vital sector,” says Fred Makgato, FASA’s CEO. “We cannot allow growth in our sector to regress or slow down as the future of South Africa relies on a vibrant sector like ours that encourages entrepreneurship, plays a role in skills transfer and in job creation. Now, more than ever, franchising needs to hold its own, take the road to recovery and continue to play the important role it does in the country’s economy.” Thanks to a sponsorship from Absa and the commitment of its franchise division, FASA has commissioned Research EQ to conduct the survey under the capable direction of Margaret Constantaras, Head: Quantitative Research & Governance. Margaret has a particular interest in franchising as she is completing her PhD in this field. “Since our involvement in FASA’s surveys of the sector since 2014, we will be devoting a good portion of the survey on how franchisors and franchisees coped during what was probably the most trying four years in business and identify their strengths and weaknesses.” The surveys will focus on:- – The Franchisor Survey will track the franchise trajectory in South Africa over the past four years, whether it is upholding its contribution to GDP, assessing any losses it may have incurred during the past turbulent years in terms of drop in revenue, operating/closure of stores, creation of employment and clarification of key franchise practices. – The Franchisee Satisfaction Survey will measure the temperature of the franchisees at the coalface of the economy and is critical to the health of small businesses within the economy. This includes an analysis of how franchisees coped in the difficult trading environment and whether they are getting the necessary support from their franchisors. “Both these surveys are important,” says Margaret Constantaras of Research EQ, “not only within the context of where franchising sits in its contribution to GDP, but an analysis of how COVID-19 and the lockdown regulations – and other economic and political events impacted the sector. As franchising operates in the entrepreneurial space offering business opportunities, it is important to franchising and FASA’s long-term growth strategy.” According to James Noble, Head of Wholesale, Retail & Franchise at Absa Relationship Banking, who has been involved in the franchise sector and FASA for over twenty years, playing a part in tracking franchising’s growth by sponsoring the surveys is crucial for the future of this vital sector. “Franchising is in the national interest as it is a business model that makes a meaningful contribution towards solving one of South Africa’s most pressing challenges – job creation. We recognise the vital role that the franchise sector plays in creating wealth and employment opportunities in South Africa. By sponsoring and facilitating this crucial survey, we will be in a better position to understand the market dynamics and the environment in which our clients operate. In addition, we will be able to identify the challenges that franchisors and franchisees face, offer innovative solutions and deliver competitive products that will meet their future needs and support their growth objectives.” As Absa, we want to empower Africa’s tomorrow, together… one story at a time.” “FASA’s success on the world stage and as a long-time member of the World Franchise Council makes it all the more significant that we keep tabs on the growth of the franchise system within South Africa as it is the most significant franchise market in Africa,” says Maria D’Amico, Chair of the Franchise Association. “We hope the surveys will help identify growth areas in the many sectors of business that can be franchised – from mentoring fledgling township entrepreneurs to become established and ethical operators to encouraging large corporate brands to consider converting their company stores to franchised stores as a more economical and profitable option and encouraging other operations to consider going the franchise route if their business system is capable of being franchised. But we need government to also play their part and commit to facilitating the business environment, making sure that business is able to operate effectively and efficiently.” FASA’s Franchise Surveys will be conducted from May to July this year with franchisors and franchisees across the fourteen different business sectors participating in one-on-one and online interviews. The results of the surveys will form part of FASA’s event calendar for the second half of 2023 – which includes a Franchise Expo in August and the FASA Conference in October. Research EQ invites all franchisors and franchisees, whether FASA members or not, to contact them if they would like to participate in the survey. Email: margaret@researcheq.co.za Credit FASA.co.za