Blog

Entrepreneurial self assessment

Starting a successful business takes a tremendous amount of energy and certain personal characteristics.  Read each of the characteristics below and circle the number that most accurately describes your entrepreneurial potential on a scale of one to ten.  (1 is low, 10 is high) Motivation: drive, energy to succeed...

When challenges occur

Smart franchisors work hard every minute of every day to forge lasting partnerships with their franchisees.  Franchisees need to have confidence in their franchisors and vice versa.  The recipe doesn’t get any more wholesome than this:  honesty, integrity and open communications. Communication has to flow in both directions to work.  You may...

Getting What You Need From The Franchisee/Franchisor Relationship

As a consumer, you want to get what you pay for.  We all do.  So as a franchisee, whether your business launches slowly or fires up like a rocket you want to have gotten your money’s worth each time you mail your royalty cheque. What you really get for...

Establishing a site: Location, Location, Location

High-Visibility Locations – Always the Best Choice? For some businesses, getting the best corner in town – with high visibility and terrific customer access – in a strong, anchored centre is not only unnecessary but also the path to rapid disaster.  Carpet cleaners, janitorial services, building repair services, direct...

Franchisor Training – Questions to Ask

What are the locations, duration, and additional costs of your initial training?  Is the cost of transportation and living expenses included in the initial franchise fee, or does the franchisee pay those expenses? Who is required to attend your initial training program? Do you have the option of bringing...

Deciding whether to go independent or become part of a franchise system

You have a choice:  You can be an independent business owner or you can invest in a franchise opportunity.  Which option you choose depends on a lot of factors having to do with your personality, finances, motivation, experience, market niche, product or service longevity, business acumen and level of...

Single/Multiple Unit Franchising/Regional Development/Master Franchising – 
What is this all about? 
Some Advantages & Disadvantages

When investigating franchises many people think in terms of opening only one unit or a one territory service concept. Many don’t know that options exist in looking at more than one unit/territory. Also, becoming a Regional Developer or Master Franchisee is also an option for those with more investment...

Ontario disclosure – Franchisee Protection

In Canada, franchising is regulated at the provincial level.  Ontario’s franchise legislation is named the Arthur Wishart Act (Franchise Disclosure) 2000 (the “Wishart Act”).  The Wishart Act basically follows the US model of requiring a disclosure by a franchisor to prospective franchisees.  This is remedial legislation, aimed at ensuring...

Are You Suffering From Battered Career Syndrome?

What Are Your Business Ownership Options? The more you understand your options, the more likely the best next move to accomplish your Income, Lifestyle, Wealth and Equity goals will become apparent. Business ownership can take on many forms, there are pros and cons to the three main categories of entrepreneurship...

Common Fears and Emotions to Becoming an Entrepreneur

Sometimes when life presents an opportunity we do not always see it clearly. We can rationalize why we are not open to it, or maybe someone throws a wet blanket on it before you had a chance to discover whether or not it is a good opportunity. This article...