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There is a misconception that succession planning and an exit strategy are one and the same thing. This is certainly not the case as can be seen from the following definitions:
Succession planning is the process of identifying successors within a franchise and providing them with an opportunity to develop their skills and experience in order to replace the existing leaders of the franchise at a future date to ensure business continuity. Continue Reading
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You were probably attracted to franchising because of the benefits that come along with the business model. You invest in a recognisable brand with proven
strategies and can rely on the support of the franchisor whenever you need help. But few franchisees succeed in their venture without first asking themselves how to build a franchise business.
| If you’re interested in starting a business but don’t have the bandwidth to start from scratch, franchising is an alluring option. There are franchises across 300
business categories, including many of the world’s most well-known brands. You’re likely familiar with the concept of franchising.
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The Competition Commission has prohibited a proposed takeover of Burger King in South Africa by an international private equity fund. Continue Reading
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The Spur Corporation has launched its first drive-thru restaurant as it aims to offer broader appeal and convenience to customers.
The drive-thru, situated in Karenspark in Pretoria, will offer meals that are traditionally sold at its restaurants including burgers, chicken wings, ribs and onion rings, the group said. Continue
Reading
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