Franchise Opportunities Offer A Leg Up For Entrepreneurial Spirit – If You’re Not Too Independent

Business Report:

Tried and tested is one of the many advantages cited for opening a franchise in the competitive business space.

Throw in the wealth of training and support from franchisors and developmental bodies; quality control; and an all-encompassing advertising and marketing plan, and you have what many banks would see as a business model worth investing in.

Not just fast food
It’s not surprising that within a relatively short time, franchising has proven to be one of the most popular business concepts ever created – a fact that has not gone unnoticed in local business circles.

In South Africa, franchising contributes about 12% to the gross domestic product and employs 412 428 people.

And it’s not all McDonald’s and KFC: a quick look through the Franchise Association of Southern Africa yearbook reveals a surprisingly diverse range of business concepts, from fast food to retail and beyond. Read full article.