What mistakes should I avoid as a new franchisee?

A cardinal mistake that franchisees make is thinking that they do not have to work hard because the business will deliver the desired goals on its own. Running a franchise is like running any other business and requires a lot of work. It is more than a full-time job – and that’s the bottom line […]


A cardinal mistake that franchisees make is thinking that they do not have to work hard because the business will deliver the desired goals on its own. Running a franchise is like running any other business and requires a lot of work. It is more than a full-time job – and that’s the bottom line about any business!

Another mistake most people make is to get the first available franchise brand once they decide to go the franchise route. It is important for franchisees to acquire businesses that are in line with their interests and what they are passionate about, instead of just going for what is available.

Thabiso Ramasike
About the Author
Thabiso Ramasike is the head of franchising at Standard Bank.

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