Luckily for prospective franchisees, franchisors can’t just say
what they think people want to hear. Local and federal governments
regulate how franchisors conduct business, and the consequences of
violating Canadian franchise laws aren’t something any franchisor
wants to experience.
Canada has several regulations in place to help protect
franchisees, some of which were influenced by the thorough set of
U.S. laws on this subject. This makes franchising one of the safer
ways for a person to start his or her own business.
Despite all the benefits of a franchise, it’s still not for
everyone. Not every single franchisor follows their rules, and the
burden is on you as a prospective franchisee to separate fact from
fiction when it comes to franchise materials. Check out the
following things an honest franchisor will never tell you.
“You are guaranteed to succeed!”
Too many things influence the success of a franchise to ever
guarantee success. Even if the franchisor is almost positive you’ll
succeed based on your finances, your ability to learn and other
factors, they should never promise that you will.
“You’ll become a millionaire!”
Outside of offering documented figures of franchisee returns, a
franchisor should not promise you a specific earning amount. While
they can provide reasonable estimates, so many factors go into a
franchise that it is impossible to say for sure what your exact
earnings will be.
“You’re the perfect fit!”
An honest franchisor may tell you that you’re a perfect fit for the
franchise only after they’ve profiled you using assessments and
other tools. If they are telling you this right out of the gate
before they’ve evaluated you in any way, consider it a red
Visit the BetheBoss.ca today to learn more about genuine franchise
opportunities. The benchmark of any successful franchise search is
how well you do your research, and BetheBoss makes it much easier
for you to get that homework done.