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Choosing winners - Proper franchisee selection process

Eric Parker and Kurt Illetschko - Franchising Plus

By Eric Parker and Kurt Illetschko 

Choosing winners - The importance of a proper franchisee selection process

Granting a franchise is not the same as offering a business opportunity. Whereas a business opportunity revolves around the product or service in question, a franchise is a blueprint to business success. Implementation of this blueprint and this is what makes franchisee selection so important. This article examines the underlying considerations and explains how the selection process is usually carried out.

How Acquisitions Affect Franchisees

Anita du Toit - Franchising Plus

By Anita du Toit

How do acquisitions affect franchisees? Smart management teams will look deeply into how the acquisition will directly and indirectly impact franchisees if they want to create the most value for the network.

Insurance to cover unique franchise risks

CIB Insurnace Solutions has designed a special package for the franchise industry. Nearly half a million South Africans are employed by franchisees, indicating the importance of this type of business model. However, Jonjon Smit, director at CIB Insurance Solutions, said that recent research indicated that many of these franchised businesses did not have specific insurance to cover the unique risks that these types of businesses might face.