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Top tips for franchise success

5 Tips on How to Build the Right Business Plan for Your Franchise

By James Popkie In the process of building and financing your franchise, a business plan is a crucial step. It helps lenders get an idea of what your scope is as well as helping you map out the success of your franchise. If the idea of creating a business plan seems overwhelming, here are five […]

10 Reasons to Become a Franchisee

Each year, thousands of people across Canada invest in franchise opportunities for a multitude of personal, financial, and vocational reasons. Here are 10 of the many benefits that becoming a franchisee can bring. 1. No ‘reinvention of the wheel’ required When you invest in a franchise, you gain access to and use of its operations […]

Ask the Expert: How do I properly assess a franchise opportunity and determine whether it’s the right fit for me?

Assessing a franchise opportunity requires clarity on the alignment of your business and personal aspirations and preferences. Further, proper evaluation is critical, as there is more to a franchise opportunity than upfront costs and previous successes. Look into the franchisor’s history, and ask the right questions You should ensure that the franchisor has proven systems […]

Running Your Own Business: Do You Have What It Takes?

To be a successful franchisee, you don’t necessarily need to have industry-specific experience. Instead, a general set of business skills and hard work can drive your franchise’s success. Additionally, many franchisors will provide initial and ongoing training to their franchisees to teach industry and brand-specific skills. The following is an outline of some of the fundamental business […]

Franchising A to Z

An alphabetical glossary of some common franchise terminology   Area Developer Also referred to as area franchisee or master franchisee, an area developer is granted the franchise rights to open and operate multiple locations in a defined geographical area. There is usually a set schedule for when and where the locations will be developed.   […]

5 Common Franchise Myths

When it comes to franchising, there’s a lot of misinformation out there. Here’s five common myths about franchising and the facts. MYTH: Franchisees are essentially employees of franchisors. FACT: Franchisees are small business owners. While franchisees and franchisors have the same goal of creating success for the franchise system, they work cooperatively but independently toward […]

Franchise Fee Fundamentals

Franchise fees are typically paid for the use of the franchisor’s trademark, brand, and operating system. The initial franchise fee will vary, and depends on the amount of training and support that is provided to get the new franchised location up and running. Typically the more established and recognized the franchise’s brand is, the higher […]

Leadership Profile: Express Employment

  By Roma Ihnatowycz Bob Funk’s life story is not exactly a cookie-cutter example of someone seeking to build a billion-dollar company. After all, as a young theology student Funk once had his sights set on a very different future: that of a Methodist preacher. But the young theologian hedged his bets: he also studied […]

10 Reasons to Become a Franchisee

  By Lauren d’Entremont Each year, thousands of people across Canada invest in franchise opportunities. Here are 10 of the many benefits that becoming a franchisee can bring. 1 No ‘reinvention of the wheel’ required When you invest in a franchise, you gain access to its operating systems, products, services, logos, and more, enabling you […]

Five Reasons You Should Attend a Franchise Trade Show

Trade show season is in full swing! Here are the top five reasons why you should attend a franchise trade show as part of your franchise search: Discover franchise opportunities that best match your needs At a trade show, you’ll find representatives from franchise systems in a variety of different industries. Some of these industries […]