6 Reasons Why Startups Are Riskier Than Franchise Businesses

Franchise Image credit: Thomas Barwick | Getty Images Jim Judy GUEST WRITER Consultant at Franchoice October 16, 2018 5 min read Published in Entrepreneur Deciding to open a business is only the first of many decisions that an aspiring entrepreneur has to make on the road to small-business ownership. For most business hopefuls, the process will include a risk assessment to determine how much risk they are willing to take in…

Franchise Cold Feet? Maybe It’s Time to Get Back to Class

AUTHOR: BeTheBoss.ca DATE: OCT 12th, 2018   If you’ve been considering becoming a franchisee in Canada but find yourself still a little unsure, it could be time for a little education outside of the franchise disclosure documents you’ve been studying. Some specific classes can help you on your journey as franchisee and give you something to do while you make your final decision.   A new language   Knowing a…

Five Things To Ask Yourself Before Opening A Franchise

POST WRITTEN BY Jim Judy, published in Forbes on Oct. 10, 2018   Getty Every day, thousands of hopeful entrepreneurs consider whether or not they should fulfill their dreams of small-business ownership by investing in a franchise. Many will look to franchising because they like the idea of joining an established brand. Some will want the security of the unparalleled support that franchise businesses offer. Lots of people get excited…

Franchise Royalty Fees : Percentage Versus Fixed?

Franchise Royalty Fees Fiona Simpson – Contributor Published  Oct 8, 2018 in Forbes At the end of last week I paid a visit to the National Franchise Exhibition at the NEC in Birmingham (UK). As always, it was a great opportunity to meet with and chat to other franchisors, a chance to see which new franchise brands are emerging into the market and to listen to a number of speakers…

How To Find The Best Franchise Fit

Published by Ed Teixeira in Forbes on Oct 3/2018.      Individuals pursuing a franchise opportunity have about 3,000 franchises to choose from, however, by having a plan you’ll be able to narrow your choices down to the best franchise for you. There are numerous resources available that provide advice on how to select and evaluate a franchise. Resources include the Internet, International Franchise Association, the FTC and The American…

Canadian Franchise Termination: What You Need to Know

Franchise Agreements AUTHOR: BeTheBoss.ca DATE: SEP 26th, 2018 TOPIC: Industry Experts It pays to know what type of notice a franchisor must give you to terminate your agreement with them. You do have rights in this situation and may be able to keep your agreement active in some cases, so keep reading to learn about this action.   Look at your agreement   Checking the wording regarding termination in the agreement…

To Buy Or Not To Buy – Taking On A Franchise Versus Going It Alone

  Fiona Simpson Contributor Franchises Published Sept. 25/18 in Forbes Type “Start your own Business” into Google and not only will an overwhelming amount of business start up information and advice appear before your eyes, but you’re also likely to be bombarded with details about a myriad of franchise opportunities to explore. Buying into a franchise can be seen as a shortcut to business success and, as a franchisor myself, I…

Five Strategies To Build Customer Loyalty In Your Franchise

POST WRITTEN BY Trever Ackerman Chief Marketing Officer of WellBizBrands Inc., the manager of Elements Massage®, Fitness Together® and FIT36® national franchises. Getty One of the biggest benefits of being a franchisee is that you can leverage the recognition and awareness of an established brand. Brand awareness is a huge driver of customer referrals, which is a critical element of your overall growth. What’s the best way to generate more…

What to consider when purchasing a franchise

Franchise businesses is are a substantial force in the economy. Ciaran Ryan  /  19 September 2018 (Published in Moneyweb) The very nature of franchise businesses lends itself to a tick-box business approach, but paying scant attention to the details can lead to scant profits. Picture: Supplied South Africa punches above its weight when it comes to franchising, and food franchising in particular. Franchise Association of SA (Fasa) statistics show that 88% of…

Is A Franchise Right For You? Eight Questions To Ask Yourself

POST WRITTEN BY Forbes Coaches Council Top business and career coaches from Forbes Coaches Council offer firsthand insights on leadership It’s hard to come up with a great business idea. Even if you’ve dreamed up an excellent business model, it can take a long time to get it off the ground and start gaining traction, and many would-be entrepreneurs get discouraged and give up long before they see success. Fortunately,…