Small Business Survival May Rest In Franchising

SABCNews:

The survival of the small businessperson in a township and rural areas could rest on franchising. The demise of thousands of small bizs in these areas started after the introduction of giant shopping centres around 2000, resulting in a number of small businesses going under.

The Small Enterprise Development Agency (Seda) says SMME’s are responsible for over 75% of the country’s GDP and are responsible for the employment of over 40% of the country’s population. However, during its franchise information workshop held in Nelspruit recently, Seda says this contribution could be threatened unless small business people franchise to bigger companies. Find out more.