FEBRUARY 2017 NEWSLETTER

FASA.CO.ZA
011 615 0359

     

TEN FINANCIAL TIPS FOR BUSINESS OWNERS IN HARD TIMES


 
 

Financial management naturally tends to slip down the list of priorities for business owners when the economy is booming, finance is cheap and clients are plentiful. But when the tide turns, your ability to control your finances, especially your cash flow, becomes probably the most important survival tool available to the entrepreneur. Veroshen Naidoo, area manager at Business Partners Limited, one of FASA’s members, suggests ten ways for business owners to improve their finances during a downturn:

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CALLING ALL FASA MEMBERS – TAKE UP THE CHALLENGE TO BE OUR 2017 AWARD WINNERS


 
 

The history of the FASA Awards dates back to 1990 when Franchisor of the Year and Franchisee of the Year were contested for the first time. The awards have since expanded into seven categories, so there is something for everyone and every qualifying brand should enter.

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MEMBER NEWS
 


 
 

Coastal Hire opens its 100th store
Franchise group Coastal Hire ended 2016 on a high note, opening their 100th store in Stanger in Kwa-Zulu Natal...

Cash Converters starts 2017 with 15 franchise opportunities
For those entrepreneurs considering a franchise operation in 2017, Cash Converters offers 15 new opportunities to people who want to empower themselves by starting their own business...

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LET YOUR EMPLOYEES BE PART OF YOUR SOCIAL MEDIA STRATEGY FOR 2017


 
 

With so many people having access to social media on their computers and cell phones, this is becoming the most effective way to reach customers and show them what you have to offer. With prices of advertising and promoting posts on social media platform said to increase this year, we need to look for other more cost effective ways to reach people. One way to increase your social media reach, without spending a small fortune, is to encourage and incentivize your employees to post and share your brand messages on their own social media accounts.

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FASA PRESENTS THE FRANCHISE BUSINESS FESTIVAL


 
 

Every second of every day, across the world, people going about their business will have the ‘franchise experience’. Whether they’re stopping off to pick up a take-out coffee; sending a parcel to a friend overseas; going to the gym or having a facial; getting a car service; shopping at a local supermarket or having dinner at the latest gourmet restaurant, the chances are that most of these establishments are franchises.
 
 

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BENEFITS FOR FASA MEMBERS
 
 


 
 

Belonging to an industry association is something that every business should embrace as it affords the opportunity to celebrate the success of that sector and also ensures that the ethical profile of the business format is promoted and protected.
 

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THE IMPORTANCE OF TRAINING IN FRANCHISING


 
 

Training, coupled with a comprehensive support package, are perhaps the most important elements to running a successful franchise. It is the strength of franchising that it can accommodate the franchisee’s inexperience through intensive initial and, more importantly through ongoing training. Two of FASA’s service providers provide quality training in a range of disciplines.
 
 

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