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 […]
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 […]
How to Keep From Getting Buried in Debt When Starting a Business
Got debt? Of course you do. I don’t know many businesses that don’t. There is such a thing as good debt and many businesses are able to grow because of it. The problem is when you go so far into debt that it starts to harm your business. As an entrepreneur you want to lead, […]
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 […]
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 […]
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 […]
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 […]
‘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 […]
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 […]
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 […]