Sweat and Equity: Franchise Investment On the Rise

BRENDA BOUW  Special to The Globe and Mail Published Sunday, Aug. 06, 2017 6:02 PM EDT Last updated Sunday, Aug. 06, 2017 6:02 PM EDT   When Ken Whyte and his wife, Colette Fortin, bought a Fairway Divorce Solutions franchise a few years back, their goal was not only to build a business but also to find an alternative way to earn money for retirement. Instead of relying solely on a workplace…

The 3 Scariest Things About Owning a Franchise

Image credit: Shutterstock JOEL LIBAVA Owning a franchise is not for the faint of heart. The idea of being your own boss plus the upfront costs and extra obligations to a corporate business, can be downright frightening. With Halloween around the corner, it’s the ideal time to talk about some of the scary realities that come with owning a franchise. Before jumping into the business, make sure you are aware…

A Big Franchise Equals a Big Risk But Also a Bigger Reward

Opening a large franchise location can be as terrifying as jumping off a high dive — and just as fulfilling if you play your cards right. Image credit: BuddyFly | Getty Images MARC COLLOPY GUEST WRITER A high diving board in summer always seemed higher when you were the kid bouncing up and down at the end of that slender plank. Suddenly, the water looked far, far away. You shivered, despite…

Ideal franchises to attract corporate refugees

Norman Friend Western Investor July 31, 2017 We’ve looked at the growing trend of “corporate refugees” quitting the rat race and turning to franchises as a liberating career choice. In part one, we looked at why this is happening, and in part two, why corporate refugees make great franchisees. In this third and final part, we take a closer look at why mobile/service franchises tend to be the best fit for this…

Thinking About Cross-Border Franchising? US Franchise Brands are Becoming More Transparent

AUTHOR: BeTheBoss.ca DATE: JUL 31st, 2017 The International Franchise Association (IFA) reports that US franchises are providing more financial performance information on their disclosures, which is great news for Canadians who are interested in opening up a US-based franchise location here. According to a report for the Franchise Education and Research Foundation, US companies are increasingly disclosing financial performance information under the “Item 19” label of their disclosure documents despite…

Why Franchise?

Posted By Nicole Wells – Sport Clips Contributor Opening a business takes a lot of hard work. Stepping out into ownership is a big responsibility that comes with a great deal of risk. But what if you didn’t have to do it alone? What if you could have a safety net?  Investing in a franchise gives you the benefit of belonging to a larger organization, with all of the support, training…

Overcome Fear and Doubt and Go Ahead and Purchase That Franchise!

Tips on buying your first franchise, from a leading franchise expert by Nancy E Williams    Posted: July 24, 2017 If you’re reading this article, it’s probably because you’re looking for that silver bullet that’s going to push you over the line and make you say “I’m ready!” to sign on the dotted line to purchase a franchise business, or start your own. I’m sorry to have to be the one to disappoint…

How Much Does a Franchise Really Cost?

AUTHOR: BeTheBoss.ca DATE: JUL 22nd, 2017 One of the most important areas of Canadian franchise research is the price tag. It’s only natural to want to know how much you can expect to invest and pay out over time in any given business. While there may be some unanticipated expenses down the line, most of your costs should be outlined in the Franchise Disclosure Document (FDD) you receive. The main…

3 Books Every Franchise Buyer Needs to Read

With technology disrupting the world of franchise, use the tools from these three books to stay innovative with your business. Image credit: Sandra Starke/EyeEm | Getty Images RICK GROSSMANN VIP CONTRIBUTOR Author – Entrepreneur Magazine’s Franchise Bible – CEO Franchise Hub/Vet Starter        There are many new authors in the franchise and small business category that have written some very helpful books for our industry. Recently, I have been…

So You Want to Open a Franchise…

This is a good article by Eric Pritchard, about some of the legal issues to consider when buying a franchise.  Although he specifically talks about USA law most of these points are valid when buying a franchise in Canada. BY ERIC PRITCHARD ON JUL 17, 2017 Eric Pritchard is a Philadelphia Lawyer who spends his workday making the world safe for electronic security providers. He can be reached at epritchard@kleinbard.com. This column…