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Young Sandwich Baron star sets sights on taking group global

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In less than five years, Michael Straker has become Sandwich Baron’s star franchisee. At 25 years old, this driven young businessman has turned three of the franchise group’s stores around and is intent on taking the Sandwich Baron concept global.
Determined to become a Sandwich Baron franchisee, Straker started as a cashier at Alberton Sandwich Baron in 2010 where he learnt the basics of the business. “After two years at the store, I went to the United Kingdom to try and make it as a cricketer. I returned to South Africa a year and a half later to take up a position as a junior manager at the Sandwich Baron in Germiston.”
Having not worked at Sandwich Baron for a while, Staker had to learn the basics again and acquire management skills. After a year, at only 20 years old, he was promoted to store manager at Germiston, a role he fulfilled for three years. During this time, he increased the store’s profitability and elevated it into the top five in the group.
After his success at Germ…

#SAFranchiseFriday featuring Col'Cacchio Pizzeria

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BACKGROUND
Since 1992 Col’Cacchio has been dedicated to serving gourmet, thin-based woodfired pizza, generously proportioned fresh salads and delicious pasta dishes. In 2017, new traditional Italian-inspired dishes were added to the menu which now boasts breakfasts, light meals and main meals, including beef and chicken dishes along with all the Col’Cacchio classics.

The three directors, Kinga Baranowska, Michael Terespolsky and Greg Mommsen are very much involved in the day-to-day running of the business, keeping the entrepreneurial passion alive whilst providing support to the group with their solid business know-how. Michael and Kinga opened the first Col'Cacchio on Cape Town's Foreshore and Greg opened and owns the first franchised store, Col’Cacchio Nicolway in Bryanston.

THE CONCEPT 
Col'Cacchio caters to the South African appetite for consistent, healthy and fresh meals in a casually sophisticated setting. Col'Cacchio was voted Best Italian Franchise in 2011 and …

Entrepreneurship in franchising

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Are you too entrepreneurial for franchising? Contributed by Franchize Directions

While there seems to be no clear-cut definition of what an entrepreneur is, we are able to glean the characteristics or common threads from the definitions we find. Essentially, an entrepreneur is a self-starter, an innovator, a creator, an implementer and a risk-taker.

Purchasing a franchise means buying into a proven business model; i.e. a concept developed and refined into a viable business opportunity by another entrepreneur. As a franchisee you must respect both the brand and the business system of the franchisor. The profile of a franchisee is not that of an entrepreneur in the ‘maverick’ sense it is often defined as.

As a franchisee there are certain elements that are crucial to the national brand and system identity, and which are therefore ‘non-negotiable’. Depending on the parameters that define each particular franchise business system, the levels of entrepreneurial flexibility will differ.

A ‘…

SA’s growth engines feeling the weight of economic strain

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SME indicators of distress, in particular the number of liquidations, are increasing. “We have noticed a sharp increase in credit risk amongst our clients,” says Bierman. He points to the Business Partners Limited 2016/2017 financial results which reported that net credit losses had almost doubled during the financial year, highlighting the level of distress amongst SMEs.

Bierman stresses that SMEs are critical engines for growth and job creation, and, as conditions are expected to get worse before they get better, SMEs need to prepare for the challenges ahead. “If business owners are to steer their companies through this almost perfect economic storm, and possibly emerge stronger, they need to set a clear course and actively stick to the plan.

“Now, more than ever, business owners need to anticipate the future by forecasting and quantifying the cash flow implications for multiple scenarios. Should the country face further economic strain, business owners should attempt to secure acc…

Compliance for entrepreneurs

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A practical guide to determining which legislations apply to your business.
By Monisha Prem

Owing to the ever-increasing number of laws, entrepreneurs are faced with mounting red tape and/or regulatory compliance to adopt and apply in their businesses. While these legal requirements create obligations, they also provide certain rights and protection. All businesses, whether small or large, are required to comply with legislation (passed by government), regulations (rules prescribed by regulatory bodies) or industry best practices.

Compliance legislations that govern business

Compliance requirements range from the registration of businesses and business names to licensing, workers’ compensation, tax, unemployment compensation, intellectual property protection and industry-specific requirements such as compliance with professional bodies.

Where does the compliance onus lie?

It is the responsibility of the business owner to determine which legislations and regulations apply to their busines…