Blog

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...

What is franchising

Franchising is being in business for yourself, but not by yourself.  A successful franchise system depends on the partnership of complementary skills.  It is the ideal way to combine the ambition and commitment of the individual, with the proven success, corporate resources, systems and strengths of the large company....

Creating a Business Plan

Regardless of where you ask for money (your local bank or your Aunt Edith and Uncle Fred), anyone providing you with funds will want to know something about your business and how you plan to operate it.  In other words, they’ll want to see a business plan.  You should...

Are you cut out to be a franchisee?

We’re not going to tell you whether you should become a franchisee. That’s a personal decision. But we are going to ask you to look at yourself and answer the questions we have posed before you make your decision. You don’t need to score yourself; no one element is...

How to buy a business for maximum profit

Owning and running a business is probably one of the most rewarding and at the same time challenging endeavours that an aspiring individual may engage in.  To buy a business successfully, a prospective buyer needs to evaluate many factors and here we will outline what you need to know...

What is a Franchise?

Franchising is a system for expanding a business and distributing goods and services – and an opportunity to operate a business under a recognized brand name.  For example, KKP, a division of Kwik Kopy Printing doesn’t franchise spa services, and Hand &  Stone Massage and Facial Services doesn’t franchise...