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…

Why Opening A Franchise Business Is Better Than Starting Your Own

There are many advantages in partnering with an established franchise brand instead of starting your own business from scratch. You can be in business for yourself, but not by yourself. This artcle was written by: Harsh Pancholia and originally appeared in Entrepreneur Middle East, an international franchise of Entrepreneur Media.Considering venturing into the world of entrepreneurship by starting a franchise business? There are definitely advantages to going down this route…

7 Things You Need to Know Before Becoming a Franchise Owner

 The following article is from Entrepreneur on-line and was posted on November 22, 2017 Gordon Tredgold•Guest Writer Recently, I was sitting, drinking an iced latte macchiato at a well-known chain, when my wife said to me, “We spend so much time in here that maybe we should think of starting one ourselves.”Which she promptly followed up with, “I’ve always wanted to run my own business, and let’s face it: How hard can making…

10 Key Points For Potential Female Franchise Owners

Below two successful female franchise operators share five tips with fellow women looking to step into franchising. Former VP of Dunkin’ Brands, Lynette McKenna: Lynette worked as a second grade school teacher and a real estate broker becoming VP for Dunkin Brands—a role she has since moved on from. While with Dunkin’ Brands she shared a bit about her experience with Franchise Direct: “In many cases [women] are more successful…

Home Based Franchises

Offices are terrible. Between the rush hour commute, the pressure to put in face time with your boss, performance reviews, and the politics, it’s difficult to get excited about going into the office every day. Luckily, technology has enabled thousands of Canadians to shed the office and run a business from home. Imagine accomplishing all of your goals simultaneously: Spending more time with your family Balancing your personal and professional life…