When franchisees are looking to start, grow, or expand a franchise business, one of the first questions they need to consider is: “Where will the capital come from to open this location?” At the heart of the question is whether raising capital to purchase the franchise, build, and grow it [read more…]
After the initial excitement of learning about the multitude of franchise opportunities out there, it’s important to seriously consider all of the financial details so that you can sign on that dotted line with confidence. Among the myriad of questions to consider, how you’re going to finance your franchise is [read more…]
While the proven systems of franchising remove much of the uncertainty associated with traditional business start-ups, a new venture still requires a certain level of courage, a willingness to take on financial risk and build something new. You might say that if there’s one group that’s already “been there, done [read more…]
“Everybody’s gotta eat, so it’s got to be good business – right?” It’s a rationale that franchise consultant Gary Prenevost hears often from newcomers contemplating a food service franchise. But with over 15 years of experience with the FranNet franchise consultancy, Prenevost has a measured response to that truism: “Just [read more…]
With the year end fast approaching, many people will be setting new goals for 2018. Losing weight, saving money, or learning a new skill – everyone has something to accomplish. Setting personal goals is very valuable but, if you’re an owner of a franchise, what are some of your own [read more…]
Building a network of franchises can allow an entrepreneur to quickly grow its business, but careful consideration should be given to readying your business for franchising. The following steps are not meant to be an exhaustive list, and will focus primarily on the legal considerations for franchising a business. Understand [read more…]
There’s nothing quite like being part of a group working together towards reaching common goals. This is one of the unique advantages of being part of a franchise network – you immediately have teammates who are already successful or are shooting towards the same success. Here are four ways you [read more…]
Are you ready to grow your business, and want to learn more about how franchising can help fuel this growth? The Canadian Franchise Association (CFA) recently aired a series of Franchise Your Business instructional videos, featuring valuable franchising advice from the experts, including Larry Weinberg, Partner, Cassels Brock & Blackwell [read more…]
Every franchisee hopes to develop a successful, profitable, independent business following a unique and proven system operating under an established brand name. Every franchisor hopes that it has chosen qualified and energetic franchisees to operate successful businesses for a lengthy period of time. Neither party expects to have a dispute [read more…]
When it comes to finding a home for your new (or even expanding) business, there is a great deal of truth in the adage of “location, location, location.” The commercial space chosen by a tenant can be a deciding factor in the success or failure of the business. Here are [read more…]
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