“It takes money to make money” holds true for most business ventures, including investing in a Canadian franchise. During your research phase, you may need to spend on several key areas before making your investment. Business Plan Creation A solid business plan is essential for any business. It helps you stay organized and meet your […]
Upfront Costs of Investing in a Franchise Read More »
Many franchisees in Canada are first-time business owners transitioning from a steady paycheck to owning their own business. This shift raises an important question: how do franchisees get paid? If you’re concerned about earning an income as a franchisee, you’re not alone. However, this concern shouldn’t deter you if you’re ready to take the leap.
Understanding How Canadian Franchisees Get Paid Read More »
Franchises in Canada, like many other businesses, face a choice: innovate or fall behind. When evaluating potential brands for your new business, it’s crucial to consider their current technology use and future tech plans. A tech-forward brand is essential to remain relevant and competitive. To assess how tech-savvy a brand is, examine their actions in
Evaluating the Tech-Savviness of Your Franchise Read More »
As Canadians emerge from COVID-19 restrictions, many are eager to network and develop new ideas and ambitions. This is especially true for those interested in franchising, with plenty of exciting opportunities on the horizon. Why Attend an Exhibition? Whether you’re already part of a franchise and want to meet fellow franchisees or you’re exploring different
The Return of Franchising Exhibitions Read More »
Before COVID-19, food franchises seemed like a very safe investment. After all, everyone needs to eat! However, the landscape has become more challenging, yet there are several ways food franchises can remain profitable. The Issue at Hand The food industry in Canada is currently facing numerous challenges: The COVID-19 pandemic led to lockdowns, temporary business
Navigating Inflation Challenges for Food Franchises Read More »
Living in Canada has its perks. Whether it’s our stable economy, access to free healthcare, stunning scenery, or the chance to see incredible wildlife, we are fortunate to call this place home. However, the enjoyment of living in such an amazing country can be dampened if you’re stuck in a desk job that doesn’t offer
Embracing Franchising as a Lifestyle Choice Read More »
As you embark on your new Canadian franchise venture, you’ve probably thought about whether you possess the leadership qualities necessary for success. While common traits like a clear vision are important, there are other essential characteristics to consider. 1. Clear Values A strong leader upholds core values such as honesty and integrity while making decisions
5 Overlooked Leadership Qualities Every Franchisee Needs Read More »
Starting a franchise is fundamentally about generating income. Money is essential for running your business and achieving success. While your primary motivation for joining a franchise might be the dream of owning a successful business, profits are necessary to turn that dream into reality. Even if your franchise is meeting its goals, you’ll always want
3 Strategies to Boost Franchise Profits Read More »
If you’re considering buying into an existing business, either as a side project or a new full-time venture that fits around your lifestyle, you might be wondering whether franchising and multilevel marketing (MLM) are the same. Similarities Between Franchising and Multilevel Marketing: Both offer the opportunity to buy into an established brand and access their
Franchising vs. Multilevel Marketing: Key Differences Read More »
According to a report from the Chartered Professional Accountants of Canada (CPA Canada), inflation and the supply chain are currently the top challenges to the growth of the Canadian economy. This may leave you wondering about the potential impact on franchises and franchisees. The extent of the impact depends largely on the type of franchise
Concerns About the Supply Chain? Read More »
