Franchising holds a special attraction for women in that it provides the necessary safety net that a normal start-up business does not provide and women are particularly good at working within a system. Women entrepreneurs are opting for franchise options where they can work from home as they often have to fill additional roles such … Read moreWomen Make Great Franchisees
There is no question that, to grow sufficiently to ensure job growth, entrepreneurs need to create new businesses which in turn will employ more people. This is easier said than done, as former finance minister, Nhlanlha Nene inferred at the opening of Cash Converters new store in Sanridge Square in Midrand. “Jobs are not created … Read moreFranchising Contributing to Job Creation
Franchise brands, whether in fast food, retail or in services, are amongst the most visible in the world and have become household names because of their visibility – be it in shopping malls, high streets, strip malls, in industrial areas or in home bases. FASA’s recent survey shows that fifty-nine percent of franchisors have business … Read moreConsumer Shopping Trends Reshaping the Retail World
It is widely known that Nigeria is a vast country with a large population. What appears to be less well understood is the FACT that Nigeria offers incredible business opportunities. Need proof? Yes, the country has its problems but, given the current political and economic upheavals playing out across the globe, which country hasn’t? By … Read moreFranchising in Nigeria with FASA
That was how Tony Da Fonseca, FASA’s Chairman described the franchise sector’s performance following the release of the association’s annual survey on franchising. Despite trying socio-economic conditions, political uncertainty and tough trading conditions, the franchise sector has held its own over the past four years growing its contribution to the country GDP from 9.7% in … Read moreFranchising Doing Great Things in a Tight Economy
One would think that, with food inflation set to average 6.9% this year, down from 10.8% from last year (according to Standard Bank economists’ Consumer Trends: SA Consumer Chart Book Q4:16 – Q1:17) and with purse strings stretch to the maximum, consumers would be unhappy with what supermarkets have to offer. But, according to … Read moreWho’s the Happiest of them All
Reacting to the Statistician-General of Statistics SA Quarterly Labour Force Survey that shows unemployment rising to a 14-year high with 27.1% of the population without a job, the Franchise Association of South Africa (FASA) believes the franchise sector, which contributes 11.6 percent to the country’s GDP and employs over 400 000 people through its 757 franchise … Read moreInnovation the way to Tackle Unemployment and Create Jobs
If you see yourself owning the next big franchise brand and have that unique concept then you must attend the seminar on How to Franchise your Business on the 30th June – conducted by franchise specialists Franchise Directions. Visit www.fasa.co.za or email firstname.lastname@example.org for more details.
On the business and franchise front, have that face-to-face talk with franchise representatives and find out exactly what their franchise offers – and then ask yourself…. can I see myself owning one of these franchises and being my own boss? Some of the well-known brands exhibiting include: Food brands such as Anat Foods, Kauai Juice, … Read moreSee Today’s Successful Brands and Tomorrow’s Rising Stars
Franchising is not a golden bullet to success in business. It’s one type of business model or configuration that a business can operate through but it’s not the only one; in some cases, a franchise business model may not be suitable. So is your business franchiseable? To find this out, you’ll need to undertake a … Read moreIs your business franchiseable?