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…

Why Is it Better to Start a Business than Stay in a Job?

Leaving a job to start a business venture is not something you should take lightly. Here are some reasons why it is better to start a business of your own instead of staying at your current profession. 1.    You have no real improvement with your current job When it comes to profession or business, the term improvement is almost always associated with better financial condition. This is not wrong, but…

7 Reasons Investing in a Franchise Helps You Succeed in Business Faster

Why do so many entrepreneurs who want to own their own business enter franchising instead of starting a business from scratch?  “I am a huge fan of the franchise business model,” says Roland Spongberg whose company, WKS Restaurant Group, owns and operates 25 Denny’s  in California, Nebraska, Missouri, and Illinois. “It allows us to focus on doing a few basic things very, very well, while leveraging the franchisor’s expertise to achieve…

Handyman Connection Named As One Of Franchise Times Top 200+ Franchises

Handyman Connection announced today it has been named one of Franchise Times Top 200+ Franchises of 2016. The Blue Ash, Ohio-based company was ranked #477 on the list of the country’s largest franchises. The Franchise Times Top 200+ is an annual ranking of the 500 largest franchise systems in the U.S. by global system wide sales, based on the previous year’s performance. “We are elated to once again be included…

‘At Your Age?’ Why This Baby Boomer Ditched Corporate America for Entrepreneurship

Jim Alley was the stereotypical corporate success story. Over the course of 30 years, 20 of which he spent with Motorola, he rose through the ranks from entry-level employee to senior manager. He valued the security, the paycheck, the benefits, and the sense of loyalty and comradery that defined his company’s culture–at least until the mid-2000s, when buzzwords like “rightsizing” and “outsourcing” began to mean “colossal changes.” In 2015, after…

These Millennials Are Running Franchises With Their Parents. Here’s What They’ve Learned

Faced with diminished job prospects, millennials are increasingly partnering with their parents in the franchising world. When Jon S. Crowe invited his son, Jon P. Crowe, to take a road trip from their home in Omaha, Neb., to Whitewater, Wis., neither of them had ever, for a second, thought about working together. The elder Crowe was heading east to learn more about the Toppers Pizza franchise business and just wanted his…

Alberta’s economy will grow again in 2017: BMO report

Forecast comes on the heels of a TD report also predicting a rebound for sputtering provincial economy Another major Canadian bank is predicting Alberta’s economy will return to growth in 2017, after two years of recession. The BMO Blue Book report for October says Alberta’s real GDP shrank by four per cent in 2015 and is expected to contract by another 2.3 per cent by the end of this year, before rebounding in 2017. The…

Franchise Expo Offers Options as Calgarians Look to Diversify

About 50 vendors hoped to engage with Calgarians at a franchise expo this weekend — and with the Alberta economy in a downturn, some say it’s an option to consider. Joe Kazma, who is currently working in financial services, says sometimes it’s about making connections. “Sometimes you don’t know what you will be interested in until you talk to the right person,” Kazma told CBC News. “That in itself is so…

Focus on Franchise Security

Graeme Payne discusses how we find out how you can steer clear of any early problems and set your business up for a secure and successful future, in Food Franchise Magazine. Graeme Payne is a partner in Bird & Bird’s global retail and consumer group, which supports and advises start-ups, entrepreneurs, SMEs and blue chip multinational luxury, retail and food and beverage businesses across the full spectrum of legal and…