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When is the Right Time to Invest in a Franchise

When Should You Invest in a Franchise?  If you’ve been thinking about franchise ownership but are holding back, you may want to rethink your decision to wait. The reality is that many franchise owners wish they would have gotten serious about it sooner.  One example is Steve Johnson, an owner of several College Nannies, Sitters [...]

Millennials and Franchising

In the past four years, millennials—those born between 1981 and 1996—have gone from three per cent of my incoming clientele to 20 per cent. Millennials are an emerging force in the franchise industry, and FranNet is actively working with this influential group of future franchisees. What’s behind this mutual attraction? Millennials’ job criteria Though unemployment is [...]

By |2019-07-31T18:15:40+00:00October 26th, 2018|Categories: Blogs|Tags: |

Women in Franchising

FranNet research reveals that between 2011 and 2017, female franchise ownership in the US and Canada jumped by 83 percent, while male ownership increased by only 13 percent. This startling conclusion is backed by a report from the International Franchise Association (IFA) indicating a rise in women-owned franchise businesses of almost 50 percent since 2012. [...]

By |2019-07-31T18:15:55+00:00August 13th, 2018|Categories: Blogs|Tags: |

Gary Prenevost on CBC’s On The Money: Millennial Franchisees

What are millennials throwing their collective weight at now? The franchise business! For some, it's because of a desire not to be chained to a desk all day. And many are tapping into the Bank of Mom and Dad for support.

By |2019-09-26T15:09:17+00:00May 28th, 2018|Categories: Blogs, News|

Is This The Year You Become A Franchise Entrepreneur?

  Don’t try to fit the business, make the business fit you. Are you one of the millions of Canadians who have been taking stock of your career options this January? Typically after the holiday season, the back-to-work blues tempt us to dream of a life beyond the 9-to-5 corporate job; with more flexibility, fewer [...]

Trends for 2018: Franchises led by millennials and women poised to grow despite minimum wage hike and SME tax reforms

As the cost of living rises more Canadians are looking for alternative sources of income. Statistics Canada’s consumer price index (CPI) shows price of goods has increased by 16 per cent over the last decade, leaving Canadians with less money to build their wealth. As a result of these factors, more Canadians are considering franchise [...]

Season’ Greetings 2017

The Festive Season is now upon us... 2017 was a year of massive change on many fronts… personally, professionally and even politically! The year seems to have passed by with incredible rapidity, and in its wake we’ve been left with many blessings and memories, as well as the occasional important and sometimes painful lessons. Amidst [...]

By |2019-06-14T17:25:41+00:00December 24th, 2017|Categories: Blogs, Franchise research|Tags: |

Growing Number Of Entrepreneurs Drawn To Sense Of Community In Peterborough

It doesn't surprise Gary Prenevost that a growing number of Canadians would rather work for themselves, or that so many are choosing to do so in Peterborough. The franchise matchmaking specialist with Mississauga-based FranNet of Southern Ontario and Eastern Canada points to the numbers. Peterborough & the Kawarthas Economic Development's 2016 regional economic development profile indicates half of businesses [...]

The Ultimate Guide To Buying The Right Franchise

Franchising is a great way to achieve the freedom of business ownership, while also being able to rely on the support and guidance provided by the franchisor. This means franchising is the right route for entrepreneurs who want to secure a steady income with relatively low risk, while still having the freedom and satisfaction of [...]