Frequently Asked QuestionsAnswers to frequently asked questions about Binding Memories |
A:We are with Standard Bank, but all banks will assist with financing.
Q:What is the recommended Rand amount required as Working Capital?
A:We provide you with enough stock to make up 10 books, which has a retail value of R4500.00, plus enough stock for 5 calendars. We do suggest you have about 2 – 3 months personal overheads.
Q:Would transport and accommodation costs to Regional Franchise Meetings be for the franchisee’s account?
A:Yes
Q:Is a schedule for National Training available?
A:We arrange training as and when required. Training is also run on a weekly basis for all franchisees in JHB.
Q:What does the Initial business training cover?
A:Training covers marketing, strategy, finance, costing, design, print techniques and binding principles - everything you need to run the business successfully.
Q:How many people are permitted to attend training, per franchisee?
A:We can train up to 2 new members per session. However we can train staff at a later stage.
Q:Would accommodation required during Training be for the franchisee’s account?
A:You will need to arrange your own accommodation if required.
Q:Is there a necessity to have additional staff to assist with production?
A:No, since any large orders can be done through head office or subcontracted to other franchisees.
Q:Must monthly management reports be compiled by a qualified bookkeeper / accountant?
A:You can do the monthly report.
Q:How do I receive orders once I place them with head office?
A:You have to open an account with our courier company.
Q:What are the costs and expenses relating to the business?
A:
Q:Is there a guarantee on the equipment?
A:Yes, one year manufacturer's guarantee, but you can take out additional guarantees with the suppliers.
Q:Is Insurance for the equipment recommended?
A:Yes, the equipment is very expensive.
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