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Are Joint Ventures the best of both worlds?

Are Joint Ventures the best of both worlds?

By Eric Parker, Partner: Franchising Plus

An owner operator system suitable for corporates

Many corporates have reservations about franchising because they believe they will lose control of their brand and not be able to implement change without buy-in from the franchisees. They do however acknowledge the benefit of an owner operator who will normally outperform an employee because they have “skin in the game”.

The joint venture is growing in popularity because it is a win-win mechanism that works well for the franchisor and the franchisee. This mechanism is ideally suited to corporates and we can indicate how it has been implemented successfully in big companies.

This is how it works:

Can you be a franchisor? 5 factors that make franchisors successful

Can you be a franchisor? 5 factors that make franchisors successful

By Anita du Toit, Partner - Franchising Plus

Franchisors often ask us about our psychometric assessment for franchisees, the E test, as they are concerned about recruiting franchisees that match the profile of the ideal franchisee.  However, they should also concern themselves with their own profile as potential franchisor.  Becoming a franchise fundamentally changes the mechanics of a business.  Decision making should be inclusive, with the impact on the franchise network in mind.  Distribution decisions also need to be made within the framework of franchising.  Moreover, the franchisor will need additional resources to support franchisees.

The 2016 FNB Franchise Leadership Summit: Disrupt – the future of franchising

Disrupt the future of franchising

‘Disrupt – the future of franchising’ was the focus of the fifth annual FNB Franchise Leadership Summit hosted in conjunction with Franchising Plus.

Africa is all about mobile transacting

Toby Shapshak
Some of the cleverest innovations come out of Africa – out of sheer necessity.

Toby Shapshak, publisher and editor-in-chief of Stuff Magazine, addressing the FNB Franchise Leadership Summit 2016, said that in developed markets individuals had the choice to adopt new technologies or not, but not so in Africa. “In Africa, there is simply no viable alternative. I call this ‘frugal innovation’, which is the purest form of innovation and is quite different to a Silicon Valley innovator developing yet another app to order fast food.”

The FNB Franchise Leadership Summit 2016 was held on September 1 in Fourways, themed ‘Disrupt – the future of franchising’.

A dose of Afro-reality

Justice Malala
Living in Africa, for an Afro-optimist, offers endless opportunities to question one’s optimism.

For this reason, it is important to distance oneself from the political noise and identify what factors one should worry about, and which ones one shouldn’t, said Justice Malala, SA political commentator, newspaper columnist, author and presenter. He was addressing the FNB Franchise Leadership Summit 2016, held on September 1 in Fourways, themed ‘Disrupt – the future of franchising’.

Should owners of small businesses really be worrying about the Gupta’s, Nkandla’s #PayBacktheMoney, or even the performance of the DA and EFF in the local elections? – these are all red herrings to a businessman, said Malala.