A Perspective on The Tax Shop Franchise Value
Nico Viljoen Written by Nico Viljoen, Executive Director, The Tax Shop Franchise Group The term ‘brand’ originally derives from traditional farming practices, where farmers used branding irons to mark their animals, so that they knew which animal belonged to which farm. The term was later adopted by producers of consumer goods to distinguish their product from others that were similar. ‘Coca Cola’, and ‘Pepsi’ are obvious 20th century examples of this. A brand became the name which told the client or consumer the source of a service or product. In today’s world of sophisticated marketing communications, the brand concept has become more complex. The term ‘brand’ no longer only refers to the name of a service or product, it extends to a company’s whole offering – ‘the intangible sum of a service’s or product’s attributes’ as David Ogilvy put it. The Tax Shop Franchise is a strong brand that provides value to the organisation well beyond its tangible wort...