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February 2022 Newsletter
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Running a franchise network is a great way to expand a business quickly, but it isn’t as easy as many people think. A lack of preparation for the challenges ahead leads lots of ambitious franchisors to make the same common mistakes.
Effectively dealing with franchisee underperformance can be difficult at every stage of the franchising process. But, as
a franchisor, this is one of your primary responsibilities, and poor performance can quickly impact your brand reputation.
Being a good franchisee takes about the same qualities as being a good business owner of any type. The difference
between a completely independent owner and a franchisee is very small and only comes into play when dealing with the franchisor’s rules and ability
Because franchising can be adapted to almost any business sector, the range of franchise opportunities is extensive. A
lot depends on whether the offer is a turn-key operation with retail outlets or a man-in-a-van service franchise or a franchise that can be run from home.
The Imbalie Beauty group has rebranded to the i-Bloom Group. This follows the delisting of its subsidiaries from the JSE
on 17 January, as a requirement from the group’s bankers, after receiving a Covid loan in October 2020.
