Franchising

Contents

1. What is franchising

2. The role of FASA

3. What to investigate about a franchise before making a commitment.

4. The franchise agreement

5. Advantages of taking part in a franchise

6. Disadvantages of taking part in a franchise

7. My viewpoint on franchising

8. Current franchising statistics

9. Bibliography









What is franchising?
The word "franchising" means "privilege" or "freedom" and in this sense it offers people the freedom to own, manage and to direct their own business. In effect it means being in business for yourself but not by yourself.

The Role of FASA

FASA, the franchising association of South Africa
By very definition, business format franchising is a blueprint to business success. For this to happen, however, franchising must be conducted in accordance with a series of well-defined guidelines and this is where the Franchise Association of Southern Africa (FASA) has a very...