Perseverance, dedication and determination are three qualities that Amanda Giannaros possesses and has used in her journey, from studying to become a teacher in the Eastern Cape to becoming a co-owner of one o
As an entrepreneur, one of the best ways to rapidly expand your business is through franchising. That said, the franchising process can be extremely complicated and incredibly risky should you not execute it properly. This franchising process can be better understood as consisting of three steps: assessment, replication, and market.
In franchise terminology, the purchase of an existing franchise outlet is referred to as a ‘resale’. When buying a resale, you have to do the same research and assessment you would do if you were buying any business.
While many prospective franchisees would rather focus on the financial reward as a new business owner, it is very important to obtain legal advice before concluding a Franchise Contract, to understand its legal implications, ensure that the contract terms are fair, and that it reflects a relationship governed by sound legal and business principles.
Many entrepreneurs steer clear of franchising when choosing a business venture, primarily because they feel franchisors place too many re
A mentor can be a valuable guide and sounding board when you are running a small business on your own. If you feel you need the services of a mentor, it's important to find one with a good reputation, the appropriate experience in your industry or problem area, and one you can trust and get along with. So, where do you start looking?