As a new Canadian franchisee, one of your primary concerns will be your customers. While customers provide profits, spread word of your brand, and can support you through tough times, they can also pose challenges. Many have encountered a difficult customer or experienced the negative reactions customers can have to business changes. Handling customers daily […]
Understanding Your Customers: Franchisee Essentials Read More »
In July 2021, Mattress by Appointment Canada, headquartered in Toronto, Ontario, launched with the ambitious goal of becoming Canada’s most accessible business to own while providing consumers the best way to shop for a new mattress. By opening fourteen locations in just six months, they made a bold statement. Mattress By Appointment is continuing to
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When you explore franchising opportunities, franchisors will also be evaluating you to assess your potential success in business. Your personal credit history is one of the key factors they consider. A low credit score doesn’t automatically disqualify you from franchise ownership, but it can create additional hurdles. If your credit needs improvement, here are some
How Bad Credit Can Impact Your Chances of Financing a Canadian Franchise Read More »
One of the great aspects of franchises in Canada is the variety available, catering to a wide range of interests and passions. However, the sheer number of choices can be overwhelming when searching for the perfect opportunity. This often leads to quickly dismissing certain options, particularly seasonal franchises. Before ruling out a seasonal franchise business,
Surprising Advantages of Running a Seasonal Canadian Franchise Read More »
Should You Franchise Your Business? When your business is thriving, you might start thinking about ways to increase your earnings. Franchising is a popular option, but before diving in, consider these three crucial questions. 1. Is Your Business Suitable for Franchising? Assess whether your business model can be replicated in various locations and by different
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Many individuals consider franchising as a side hustle, especially in the current economic climate where inflation and the rising cost of living make it feel risky to rely solely on a new business for income. What is a Side Hustle? A side hustle is a secondary job that provides an additional income stream. This allows
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Choosing a Profitable Franchise When considering career options, many people believe they have only two choices: working for someone else or starting their own business. However, there’s a middle ground—becoming a franchisee. Owning a franchise allows you to run your own business with the support of established tools, training, advice, and an existing customer base.
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You’ve likely heard that owning a franchise is a significant commitment many times, but it’s a point worth emphasizing. Like any other business, your new franchise will require your time, focus, and money. With so much at stake, it’s crucial to ensure you’re making the right decision at the right time before signing your franchise
4 Key Questions to Answer Before Joining a Canadian Franchise Read More »
When considering franchises in highly competitive sectors, deciding which one to invest in can be challenging. For example, if you’re interested in a pizza franchise, numerous brands operate in Canada. How do you choose the right franchise when there are so many options? Assess the Franchise from a Small Business Owner’s Viewpoint Evaluating each franchise
How to Evaluate Canadian Franchises in Saturated Markets Read More »
Many franchise owners in Canada begin their businesses independently or with a dedicated partner. During the initial stages of building the business, the owners are typically the ones putting in all the effort to establish and run the operation. While it’s hard work, it can also be incredibly rewarding. Managing your new Canadian franchise on
When Will You Need an Employee? Read More »
