Why You Should Buy a Franchise Instead of Starting Your Own

The following excerpt is from Rick Grossman’s book Franchise Bible. Buy it now from Amazon | Barnes & Noble Very few people have the natural ability or expertise to be efficient at all aspects of running a successful business. That is where the franchisor’s experience comes into play. Franchise organizations offer a structure for launching, operating and growing a business. Indeed, the successful franchisor will deliver the entire framework around which the business is…

The 19 Covenants of a Standard Franchise Agreement

The following excerpt is from Rick Grossmann’s book Franchise Bible. Buy it now from Amazon | Barnes & Noble | IndieBound The franchise agreement is the contract between the franchisor and you, but it’s not a “standard” or “form” agreement. The format of the contract differs from one franchise system to another. However, though each franchise agreement will differ in style, language and content, all franchise agreements have covenants, each of…

Past Failed Franchise? Here’s When You Should Try, Try, Try Again

  There’s no way around it. Buying a franchise is risky. Owning any type of business is risky. It’s the reason why franchise ownership is so magnetic. It repels the people who are risk averse and continually attracts the people who love a challenge. If you’ve owned a franchise in the past without success but are considering investing in a new franchise, you’re part of the latter group. You love…

Why You Should Consider Investing In a Franchise

In planning to venture into a franchising business, it is important to do complete and thorough research.  The franchise will give you a certain level of independence  in operating your own business. This will also endow with a proven business model, training, marketing and ongoing support Why you should consider franchising: Risk of business failure is reduced. The failure of a franchise business  is reduced because proven operating systems, marketing…

Traits of a Winning Franchisee:-Is a Franchise Right for You?

Before you even start looking for franchise business to capitalize on, try to assess yourself and your personality to see if a franchise business is right for you. You have to make sure you have the right traits and characteristics needed for franchising in order to succeed at it. Choosing a franchise business, or any type of business for that matter, can be intimidating and demanding, which is why you…

FASTSIGNS® Certified as a 2016 World-Class Franchise® By The Franchise Research Institute®

FASTSIGNS is a franchise that we at FranSrervice are proud to work with.  For more information fill out the contact form here: Click Here For Contact Form   FASTSIGNS International Inc. franchisor of FASTSIGNS®, the leading sign, graphics and visual communications franchise, announced today that it has received World-Class Franchise® certification for the seventh consecutive year from the Franchise Research Institute. This recognition comes after an independent franchisee validation survey conducted…

Are You a Good Franchise Candidate?

The questions and tips provided will help you evaluate your skills and personality to determine if you’re a good fit for being a franchisee. Franchising isn’t for everyone. But this is no less true of franchising than it is of medicine, teaching or gardening. Thus, to help you make this determination, you must ask yourself some questions: What do you really enjoy doing? This doesn’t have to be the work that…

What your franchisor’s history might tell you about the potential for your franchise

President-elect Donald Trump is considering appointing Andy Puzder as his secretary of labour. Puzder, pictured above, is the CEO of CKE Restaurants, which operates the Carl’s Jr. and Hardee’s chain of quick-service restaurants. Whatever else you might think about Mr. Trump or Mr. Puzder (or fast-food hamburgers, or Carl’s Jr.’s racy television commercials), it will be fascinating to those of us in the franchise industry to see what changes under…

B.C.’s new Franchise Act comes into force February 2017

The new B.C. Franchise Act comes into force Feb. 1, 2017 and puts Canada’s most westerly province in line with five others with similar legislation. While the act was passed in Nov. 2015, the B.C. government has been drafting regulations which were passed last month Tony Wilson says the new act and regulations ‘levels the playing field’ and has enhanced franchise legislation. “We have five provinces out of 10 that…