Essential steps to building a successful franchise
So, your idea has taken off and is wildly successful. Next step is to franchise it and make some serious money, right? Not so fast: While the franchising model can be applied to almost any industry, not all businesses are ‘franchisable’. …
FASA’s role in the franchise sector
The growth of franchising in South Africa has been phenomenal over the past 46 years and this business format continues to play a leading role in fostering entrepreneurship, in small business development and in job creation. FASA recognises the need to constantly evaluate the franchise system within South Africa, and to monitor the perception of members within the markets where they operate. Information gathered is crucial in assisting the association in completing the picture franchising’s continued success in South Africa. …
FASA ready to serve its members and promote franchising
Franchising, without a doubt, will play an important role in adding to the bottom line of economic growth and FASA will continue to be at the forefront of promoting the benefits of franchising not only to business and the public at large, but more importantly to impress on government to partner with FASA to facilitate franchise growth in all areas of the economy. …
The San Hair wins Medium Business Entrepreneur of the Year® at Business Partners Limited 36th Entrepreneur of the Year® Award
Together with FASA member and Board Member Sheldon Tatchell, founder of Legends Barbershop who scooped the coveted 2024 Entrepreneur of the Year® Award, another FASA member, Nompumelelo Madubedube, director at The San Hair won the Medium Business Entrepreneur of the Year® Award at the same event. …
STEMLab – A new era for educational franchising in South Africa
STEMLab, a preliminary member of the Franchise Association of South Africa (FASA), marks an exciting step forward for this one-of-a-kind franchise. STEMLab stands out as an educational powerhouse, transforming the way children engage with learning by going beyond traditional robotics and coding programs. It is committed to nurturing the next generation of innovators, designers, and inventors. …
The hidden truths when deciding on an au pair or a trusted after-school care programme
The attraction and benefits, for parents to employ au-pairs, are many. The flexibility, the perception of customised personal attention that is easily adjustable, the familiarity of someone who is from your neighbourhood and matches your family’s ethos and status in close contact with your children, relatively cost-effective as an au pair combine both driving and care using their personal vehicles and related costs and for some quite a status symbol to have in your employ. …
Join the Board of FASA and make a difference
FASA would like to invite you to become a vital part of shaping the future of FASA! As we plan for the next two years, we are seeking dedicated members to join our Board of Directors for its 2025/2026 term and contribute to the continued growth and success of our organization. …
Legal implications in franchising
While franchising is seen as a safer way to get into business using the know-how of someone who has done the time and made the mistakes, it does come with some conditions in the form of several binding legal contracts and agreements. This is to be expected when one considers that the franchisor is, in effect, sharing his intellectual property and business success secrets with his franchisee partners. …
Sheldon Tatchell, founder of Legends Barbershop receives coveted 2024 Entrepreneur of the Year® award
Sheldon Tatchell, founder of the Legends Barber franchise, has come out a cut above the rest by winning the coveted Overall 2024 Entrepreneur of the Year award in the 36th annual Business Partners Limited Entrepreneur of the Year® awards. Following a meticulous selection process by an esteemed judging panel, he not only beat out a pool of over 600 entrants for the title, but 15 other finalists comprised of South Africa’s standout entrepreneurs too. …
Evaluating the franchise opportunity
If you’re thinking of becoming a franchisee, the franchise disclosure document, as legislated in The Consumer Protection Act, will provide you with important pieces of information on how much you’ll be expected to invest, whether the brand is expanding or shrinking, how high the ongoing fees will be, and whether existing franchisees are mired in litigation with the franchisor. …
Do Black Friday sales take away from Xmas sales?
As South Africa joins the USA and many parts of the world in the hype around Black Friday and Cyber Monday in November, are retailers not short-changing themselves by running with early specials only to then find themselves with empty tills in the weeks leading up to the festive season? …
Finding the funds to franchise
Financing options In general anyone wanting to finance a business has three basic options: Use your own money – this is by far the quickest and simplest route to take but not many people are in that fortunate position. Borrow money from others – this might be an informal loan from family or friends or a formal loan from a lending institution like a bank; or Get others to invest in your business – this means that they will own a part of your business and share in the profits and the decisions. …
The banking landscape of the future
Do you remember the days when, in order to get that bank loan to buy a house or start a small business, you had to don your best Sunday suit and go and meet with THE BANK MANAGER? If he was suitably impressed, you would get your loan or bond and he would then keep a beady eye on your account, on how your business was doing and how the repayments were being met. …
Choosing the right franchise option
Deciding on whether the franchise option is the right way for you is the age-old dilemma that faces anyone going into business for themselves. But before you even start looking at what type of franchise you would like to own and operate you need to understand the universally accepted forms of franchising, which are: …
Your business questions answered
Is it a requirement to have business experience or have the required skills to run a particular franchise – if not will my application go to the bottom of the pile? There is no basis for this to happen although over the past decade or so franchisors have become more stringent in their selection. Most franchisors have sophisticated psychometric testing in place to assess various competencies to find that perfect fit. This is not necessarily linked to educational qualifications but rather to finding the right personality with the right skills set. Franchisors operating in specific sectors or in the professional …
Survey Shows positive performance of franchisees
Despite the on-going recession that is impacting heavily on small businesses, the franchise sector continues to be resilient and franchising globally has fared far better than independently owned businesses – largely due to the strong business format and support system inherent in franchising. Franchising has proved, time and again to be a much lower risk investment than starting a new business, thanks to the business format that is founded on the power of the collective. …
X factor in franchising
Watching the 132 golfers at FASA’s Golf day proudly representing their brands whilst networking with other brands, some of them rivals, it struck me that there is something magical about franchising and that it is indeed a family of extraordinary business people. The X factor is what separates the extraordinary from the ordinary. Franchising is unique in the world – a business format that has revolutionized small business – allowing anyone, from any background, to be part of a bigger business and an established brand. We look at what makes up the “X” factor in franchising …
A tribute to Shereen Davids – FASA’s longest serving staff member
Eric Parker, one of the founding members of the Franchise Association of South Africa (FASA), together Giuli Osso, FASA’s long serving PR consultant, decided to honour Shereen Davids at the prize giving of FASA’s Golf Day as she celebrated over twenty eight years in the employ of the association. An appeal to members of the association was done to collect funds which were then presented to her with a long-service certificate acknowledging her unwavering dedication to FASA and its members. …
FASA’S Golf Day – Another record-breaking success
The annual golf day is a long tradition at FASA as it allows members from different sectors, service providers and suppliers to meet in a relaxed sporting atmosphere to compete and network. This year’s event on the 4th October at the Randpark Golf Club not only offered golfers the opportunity to play but also welcomed 18 non-golfers to enjoy the Padel facilities at the club. …
How to recruit franchisees?
To recruit franchisees may seem like a daunting task and is often the biggest challenge for franchisors. However, finding the right franchisees is crucial for network expansion. There are many methods franchisors can use to recruit franchisees, and franchise consultants Franchising Plus outline 9 effective recruitment methods on where to find franchisees. …
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2023 Franchisor Survey
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2024 FASA Franchise Manual
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