If you’re thinking about buying a franchise, then you’ll need to decide how to finance your purchase. Getting a business loan from the bank might seem like the most traditional financing method, but...
The future of franchising looks promising as it offers entrepreneurs a business model that provides stability in difficult times. In general, franchising carries less risk than starting a business...
Are you considering franchise ownership but wondering how you’re going to obtain financing? Fortunately, it’s in the Canadian government’s best interest to support business growth in the country,...
Oftentimes, a franchise business needs to secure a loan to purchase the equipment necessary for its ongoing success. However, traditional lenders typically require individuals to demonstrate their...
When aspiring business owners take the step to buy a franchise, they become investors. The basic definition of an investor is: “any person or other entity…who commits capital with the expectation...
You’re probably familiar with the idea of franchise ownership, but have you ever heard of a conversion franchise? A conversion franchise is when a franchisee joins their independent business with a...
Are you interested in buying a franchise but not sure if you have enough money to invest? It’s a fair question since the biggest hurdle to franchise ownership is typically finances. Don’t be...
If you're planning to open a brick-and-mortar franchise, negotiating your commercial lease is one of the most important early steps. The right lease agreement can reduce startup costs, align with...
If you're worried that your credit score might be a barrier to owning a franchise, this article is for you. A credit score is a number between 300-850 that determines your creditworthiness, which...
“Net worth is a quantitative concept that measures the value of an entity and…provides a snapshot of an entity's current financial position” (Investopedia). Are you interested in owning your own...