5 Things to be Thankful for When You’re a Canadian Franchisee

It’s almost Thanksgiving and that means it’s time to recount what you are thankful for. Of course there is a lot to be thankful for if you live in Canada. Our way of life here and standard of living makes residing in Canada something to be thankful for in and of itself.

While most people, as they should, will be expressing gratitude for family, friends, health and happiness, we want to look at what Canadian franchisees can be thankful for.

1. Support

Franchisees get a lot of support in Canada. From their local communities to the franchisors they’re involved with to the various provincial governments, entrepreneurs who choose franchising have many people looking out for them and helping them succeed.

Our partner, the Canadian Franchise Association (CFA), offers all kinds of help to both franchisees and franchisors by advocating on behalf of the entire franchising industry here in Canada.

This one is especially close to home for us here at FranNet, because we get to offer support to franchisees before anyone else. We are the first stop for many franchisees on their way to franchise ownership and we are thankful that we get to help so many budding entrepreneurs find the right franchising situation for them.

2. Protection

It’s true that only six of the 10 provinces and none of the territories have laws specific to franchising in place, but hopefully in the future all provinces and territories will be on board with franchising law. Those provinces that do have laws; Alberta, British Columbia, Manitoba, New Brunswick, Ontario and Prince Edward Island; protect franchisees and make it fairer for both parties to do business within their borders.

3. Security

Within Canada, the franchising industry is worth billions of dollars and it’s only going to continue to grow, especially with the CFA continually advocating on behalf of franchisors and franchisees within the country. That means when you join a franchise, you are becoming part of a booming movement here in Canada. That’s pretty good security for the future.

Not to mention the security that comes with joining a franchise because you don’t have to be alone when starting your business. You can have a business where you are the owner, but you get help with running it. There are still risks involved, obviously, but the overall risk is much less than if you were to start a business from scratch.

Being in a secure industry with a lot of support and having an entire team of people backing you up leads to your own financial security, which is something else you can be thankful for when you’re part of a franchise family.  

4. Accomplishment

Starting and running a successful business will give you such a sense of accomplishment in your life. When you take something that didn’t exist and turn it into a money making venture, it is akin to building a house or creating a magnificent piece of art. That sense of pride you feel every time you step into your business where you are the owner is immense and well deserved. You’ve accomplished something that not everyone has it in them to do. Revel in it.

5. Experience

Starting and running a business is a wonderful experience and it will give you important lessons for life, like leading, budgeting, promoting, managing and working within a system for a common goal. You’ll get experience hiring employees, controlling cash flow, building business relationships, conducting research, training workers and so much more. Every bit of experience that makes your life better is something to be thankful for.

As we mentioned earlier, FranNet is so thankful for being able to help turn potential franchisees into entrepreneurs by assisting them with finding the best franchising fit for their personalities, experience and goals. Let us help you find your perfect franchising fit. Sign up for a free FranNet franchise search and consultation today and let us help you on your way to Canadian business ownership.

Oct 3, 2018