Expert advises on franchise business pitfalls

Entrepreneurs interested in franchising have been advised to evaluate the strengths and weaknesses of the franchisor and the industry in which it operates in.

Giving a presentation at the Franchise Expo Botswana held in Gaborone last week, Kurt Illetschko of the Franchise Association of South Africa (FASA), said although franchising is regarded as a safe and potentially profitable business, it also has its own downsides.

Franchising is described as a long-term cooperative relationship between two entities, a franchisor and one or more franchisees, that is based on an agreement in which the franchisor provides a licensed privilege to the franchisee to do business.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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