DINEO TSAMELA: The pros and cons of owning a franchise
Buying into a franchise means you have immediate access to an extensive and rich network of other franchisors
Advantages of owning a franchise include: A franchise comes with a logo and name. This eliminates the cost of having to come up with a name and all the work that goes into registering your business. You'll also have access to systems that are used across the franchise group. These are part of the package and are set up. You're going to be part of a broader marketing network, meaning you won't have to worry much about coming up with your own marketing campaigns and financing them out of your own pocket. Franchises have central support systems that range from IT support to assistance with business management. Some franchises have representatives that provide all kinds of support services such as accounting systems to ensure that your business runs smoothly. You'll also be trained on how to use these systems. It's very important to have trained staff, and franchises offer this. The training can cover day-to-day tasks and extend to more supportive roles that make staff members' lives ea...
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