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Franchising alive and well in 2015

Franchise businesses are expected to outpace the rest of the economy in terms of growth and job creation this year, according to a recent report from the International Franchise Associations’ “The Franchise Business Economic Outlook: 2015,” which covers the growth and impact of the franchise industry on the whole. ...

What business should you start?

“Find something you love to do and you’ll never have to work a day in your life.” – Harvey Mackay WRITE DOWN THE FOLLOWING GUIDELINES Ask yourself…??? What do you like to do?  (interest and hobbies) What do you know how to do?  (experience) What do you do well?  (special...

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...