Right partners, right training, ENTREPRENEUR
Right partners, right training, ENTREPRENEUR
FRANCHISEE EMPOWERMENT A PERVASIVE CHALLENGE for many would-be entrepreneurs and franchisees is the seeming lack of funding available. With a start-up you can often begin with a few thousand rand and bootstrap your way to success, but with franchising, because you're buying the rights to use a successful brand and a proven model, the initial capital required is substantially higher, not to mention the unencumbered capital requirement of between 50% and 60%. With this in mind, socially minded Hot Dog Cafe has created models and financial partnerships to facilitate job creation and nurturing of South African entrepreneurs. Here's what makes them a stand-out brand raising the bar for meaningful change through business. A change ahead Hot Dog Cafe franchisor, Derek Smith, identified an inherent problem with the 1998 brand's model.
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