Preliminary advice for the would-be franchisee in the country of South Africa is very similar to advice given to would-be US-based franchisee. Best point in the article:
- “Thus every franchisee will be expected to operate a carbon copy of the franchisor’s original business, and individuals who thrive on ‘doing things their way’ are unlikely to be happy as franchisees.”
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Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-715-8115.
I was never sure why franchisees are often looked at as “entrepreneurs”. There is only so much a franchisee can do typically to drum up business and stay within the franchisor’s operating guidelines.
If a franchisee is clever, there is an inexaustible amount of entrepreneurship resources for running a business that is within the franchisors operating guidelines. And this can separate the successful from the unsuccessful operators.