Franchising your business in South Africa
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Hi My husband and I have franchised our travel business. How easy or difficult would it be to sell our UK franchise to South Africans? Is it very complicated in relation to the authorities? We will continue to live in the UK but are prepared to travel to South Africa whenever required. We are also hoping to communicate via the internet to keep in touc
Total Posts: 8 Last post by ElizaSmith
I have been trying to get a loan for some time now due to the large sum amount of the money to expand my business in Finland but i was unable to get a loan due to my credit score All other corporation/bank turned me down. Till i was introduced by start up overseas to Discovery Investment LOANS and i was able to get a loan from them without any delay. So i am using this opportunity to inform ev
Total Posts: 1 Last post by blessing865631
Expanding a Business Internationally Through Franchising.
Companies will more often than not choose to expand in their domestic market first, and franchising is a tried and tested formula. Expanding a business internationally can work for as an alternative route to market. Rather than concentrating on finding a series of sales people, distributors, or concentrating on finding the right staff, many hugely successful companies have expanded by finding the right master franchisee for their chosen market.
The benefits can be enormous. The master franchisee will have responsibility (eventually) for the day to day operations for a given area ( usually regional/ national) and for recruiting new franchisees into the network. The master franchisee benefits from the proven business model and is financially dependent on the success of the venture. The franchisor ( the overall owner of the business) benefits from a committed partner with local experience.
To franchise your business successfully, you will need some experts in their field.
You will firstly need to engage the services of a franchise consultant. This organisation will help with almost everything, from researching the market, to adapting the franchise manual, to advising on setting the price for the franchise (the franchise fee). Specialist franchise lawyers will help with the franchise contracts and there are consultancies that will help throughout the recruitment process.
Specialist franchise recruitment media will promote your business and put your proposition in front of a relevant audience
Different countries have widely different laws relating to the franchise industry and a lawyer who knows the market is essential. Within the United States, different states treat the franchise industry differently, so choose carefully.