The ABC of Franchising

No matter how challenging the economy, entrepreneurs will continue to look for exciting new opportunities and viable businesses to invest in. The franchising industry offers plenty of these, making up 13% of the GDP according to the Franchise Association of South Africa (FASA) . “The industry is still growing and entrepreneurs see the value in franchise opportunities,” says Jan De Beer, Managing Executive for Zebro’s Chicken , The Fish & Chip Co. and Maxi’s at Taste Holdings . If you are in the market for a successful franchise here are three important considerations: A. Select the right business It may seem obvious but you need to do your research and also consider what the best fit is for you personally. The franchise industry offers everything from van rentals and tool hire to clothing and restaurant opportunities so choices abound. The fast food and restaurant category makes up the biggest piece of the pie with 25% followed by ret...