Start-up versus stability

With any new business, surviving the first 1 000 days is critical. Challenges such as cash flow, targeting the wrong market and lack of research often mean that the majority of start-up businesses might fail, before they even get off the ground. Franchising, however, is believed to be the safer business option, as the failure rate is far reduced – down to about 10%. If you’re pondering your next business move – before creating that start-up you always dreamed about… or simply carrying on with formal employment – these are important considerations to keep top of mind.

A clear business roadmap

If the past few years have taught us anything, it is that nothing is guaranteed. Post Covid, stability makes sense – and franchising is the easiest way to ensure this, as it takes the guesswork out of owning a business. Franchising gives you a clear roadmap, as you are entering a company with a tried-and-trusted business model, systems in place and strict guidelines to follow to ensure your success. However, if you decide that franchising is the route for you, it is imperative to choose a reputable franchisor to partner with.

A proven track record

With close to 700 stores around the world, Cash Converters has an international track record and our proven business model sets you up for success from Day 1. We have provided hundreds of entrepreneurially minded people with the infrastructure to become financially independent owners of thriving businesses. We have the recipe for running a successful business – all you have to do is follow it. Plus, every store that we open for a new franchisee creates further employment for a specific local community.

To enquire about owning a Cash Converters franchise, please contact Nicole Thomson on +27 (0) 87 864 2728 or nicole.t@cashconverters.co.za