Franchise Articles

Aug 26, 2015

The Do's of Developing Your Business Plan

A business plan is more than just documentation your lender requires for financing. Your business plan is like a blueprint for long-term success, as it gives you a written breakdown of your goals,...

Aug 18, 2015

Vision + Action = Results

When I talk to people regarding business, the majority of people I talk to have thought about getting into business at one time. Statistics indicate as high as 80% of the population has considered...

Aug 13, 2015

The Perils Of Falling In Love!

We are not talking about romantic entanglements between individuals - we will not even pretend we know anything about that. We are referring to the phenomenon where business people fall head over...

Aug 4, 2015

Franchises Resales on Fire

Franchises in general are a hot ticket, with Canadian franchises like Firehouse Subs and Mathnasium Learning Centers dominating Entrepreneur Magazine's recent fastest-growing franchise list...

Jul 21, 2015

Free versus Free... what's the difference?

How many times have you created or participated in promotions that offered a free add on to an existing product or service, or a “buy one get one" either free or at a reduced price. Probably many...

Jun 30, 2015

Things To Consider Before Starting Your Own...

Finding the right Canadian franchise for you can be an exciting yet intimidating prospect. Before you make the big leap from working a corporate gig to becoming your own boss, here's what you should...

Jun 19, 2015

Initiating the Lease Renewal Process – for...

How much time should you allow before your lease renewal? Ideally, a franchise tenant will want to start the lease-renewal process a minimum of 12 months in advance of their lease expiration date....

Jun 19, 2015

Material Change to Fair Dealing

All Canadian franchise legislation was designed to protect the potential franchisee during the negotiation process. By being required to provide proper disclosure, potential franchisees enter into...

Jun 12, 2015

Questions That a Prospective Franchisee Should Ask...

It is absolutely prudent to ask the Franchisor as many questions as necessary to ensure that you understand the complete picture of the franchise arrangement and relationship, after all you are...

Jun 5, 2015

A Better & Faster Way For Business Customers To...

There is a seamless and secure cheque scanning solution for businesses. Imagine depositing cheques online 24/7, from your office or from wherever it’s convenient for your business. Imagine...

Jun 2, 2015

Are Franchisees Entitled to Site-Specific...

In Ontario, the Arthur Wishart Act (Franchise Disclosure), 2000 requires franchisors to give prospective franchisees a disclosure document—a significant amount of written, pre-sale information about...

May 29, 2015

Understanding the Roles & Responsibilities Within...

The relationship between the Franchisor and their Franchise Partners is unique and often complex. Crucial to the evaluation of any franchise concept is a thorough understanding of the roles of...

May 26, 2015

What You Don’t Know Can Hurt You

“Why do I have to get a lawyer to review the franchise documents? I am not allowed to change anything anyway.” We’ve heard that more than a few times. The question is quite reasonable. First of...

May 22, 2015

So You Want Me To Buy From You?

You’ve got a great business. You think your location is a good one and your staff are friendly and competent. So why when you have all these things going for you do people buy from someone...

May 19, 2015

Understanding ‘Net Worth’ and Unencumbered...

Before you start your search for a franchise you will need to calculate your net worth and unencumbered capital. Many advertisements for franchise opportunities state that you will need a minimum...

May 15, 2015

So You Want To Make A Profit

One of the most common misconceptions of new franchisees is that they expect to make a profit from the first day of opening their franchise doors. This misguided notion sometimes persists...

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