How Do You Innovate a Barbershop? Try a Great Clips Franchise.

Image credit: Courtesy of Great Clips Brittany Shoot – Magazine Contributor This story appears in the January 2018 issue of Entrepreneur. Subscribe »Bryan Bitticks has been a Great Clips customer since 2000, but it wasn’t until 2009 that he and his wife, Tamara, searching for a recession-proof side business, started buying the Great Clips franchise salons. And in 2016, Bitticks, a former engineer and marketing manager at a semiconductor manufacturer, left his first career for good to focus…

Three Hidden Costs of A Canadian Franchise

AUTHOR: BeTheBoss.ca DATE: JAN 31st, 2018 TOPIC: Industry Experts Expenses are always at the top of the concern list for prospective Canadian franchisees. Naturally, the exact cost of a Canadian franchise varies by brand, but there are similar expense categories you’ll encounter across just about every franchise. You’re probably already familiar with expenses such as the franchise fee and royalties, so take a look at these other less-discussed costs you’ll need…

The 5 Most Common Excuses of a Wannabe Entrepreneur

Larry Alton • Contributor Freelance Writer & Former Entrepreneur Opinions expressed by Entrepreneur contributors are their own.. If you want to be an entrepreneur, but you aren’t already, what’s stopping you? Personally, like many in the entrepreneurial community, I’m of a mind that anyone can be an entrepreneur. With free resources available from government organizations, free reach available through social media and free content and instruction available from well, Entrepreneur.com for one — anywhere on the web, there’s…

What to know before you buy a franchise

Making the decision to join a franchise can mean a huge increase in resources, but how do you know which would be a good fit for you? While it can be great for brand recognition, marketing and other resources that come from partnering with a national company, it also comes with requirements, expectations and challenges. “You’re buying into that but in doing so, part of buying into a franchise is…

How to Find the Right Franchise Opportunity

Buying a franchise often means a headstart in entrepreneurship compared to starting from scratch, but it’s not as easy as you might think. Many prospective business owners will … By NuWire January 13, 2018 Buying a franchise often means a headstart in entrepreneurship compared to starting from scratch, but it’s not as easy as you might think. Many prospective business owners will seek out franchise opportunities for a variety of reasons:…

IS 2018 THE YEAR YOU BECOME A FRANCHISE ENTREPRENEUR?

by Nancy E Williams | [ BIO ] January 7, 2018 (Image: iStock/jetcityimage) Happy New Year!  One of the top questions I was asked in 2017 is should I go the startup route or purchase a franchise, so I thought I’d start out 2018 addressing that. The first step is to determine if you would make a good entrepreneur, and then consider if franchising is the right path to becoming a business owner. Sixty-five…

Why a Franchise Business is Best Solution for Starting Entrepreneurs

For a young entrepreneur starting a franchise business could be a safer, and more profitable, option than starting their own business from scratch. Most kinds of commercial businesses are available for franchising, but one of the most popular are food chains. Considering some of the bigger names, like KFC or Subway, for example, it’s easy to see that reputation and popularity of a brand are important preconditions for success. Franchise…

Red Flags in a Franchise Agreement

AUTHOR: BeTheBoss.ca DATE: NOV 30th, 2017 As a prospective Canadian franchisee, you’ve got a lot of decisions to make. Chief among these is which franchise brand to go with, and that choice is a tough but incredibly important one. Even with the best product or service, if you become part of a weak or poorly run system, you’ll have a much tougher time making your business a success. While you’ve…

The State of the Franchise Industry

Companies are optimistic. But business hasn’t been as strong as the good feelings. Among other food trends, hamburger chains have proliferated in recent years. PHOTO:MATTHEW STAVER/BLOOMBERG NEWS By Elizabeth Garone Nov. 26, 2017 10:07 p.m. ET Wall Street Journal The mood of the franchise industry is upbeat right now. But recent performance hasn’t been quite as strong. Optimism among franchisers and franchisees is “through the roof,” says Robert Cresanti, president and…

Understanding the Rental Market When Opening a Franchise

Before a new franchise owner signs a rental agreement, here’s what they need to know about retail or commercial space rent AUTHOR: BeTheBoss.ca DATE: NOV 24th, 2017 TOPIC: Industry Experts   As a new Canadian franchisee, you may be dealing with commercial rent for the first time for your location space. When you are negotiating this rate, it’s important to know that not all tenants will pay the same rate per…