Choosing a location is one of the most important decisions you’ll make. It can be frustrating as you find a spot that’s perfect in several ways and lacking in several others, so you’ll want to make sure you give yourself plenty of time to search thoroughly.
The Franchise Blog
How to Find Your Perfect Franchise Location
Finding the perfect location for your franchise is an important part of its success. If your business doesn’t rely on a lot of foot or vehicle traffic, then you’re probably better off looking for...
Franchising for Veterans
This Saturday, Nov. 11, is Veteran’s Day. We thought we’d remind our readers of the real definition of this solemn observance. As defined in the website, History.com, “Veterans Day is a U.S. legal...
Critical Questions to Ask a Franchisor
At FranNet, we pride ourselves on making sure that our clients are as prepared as possible when it comes time to connect with representatives from the franchise brands we work with. Most of the...
Pulling Off Seasonal Promotions
Yesterday was Halloween, the spookiest day of the year for young trick or treaters. Quick quiz—did you happen to run any type of promotion for your customers to play off of this holiday? No...
What to Ask Current Franchisees When You’re Thinking About Joining a Franchise
As part of your due diligence when researching franchises, you should ask current franchisees in the system about their experiences. In provinces that have franchise legislation that requires...
Franchise Financing Options—Where Do You Stand?
If you’re finally considering crossing over onto the path of becoming your own boss, you aren’t alone if you’re worried about how you’re going to pay for the privilege. While there are over 3,000...
Understanding Franchise Relationship Structures
Franchising, at its core, is a way for a company to expand and distribute its products or services. In “Traditional Franchising,” product manufacturers use a downstream distribution system to get...
Pros and Cons of Differing Managerial Styles
Think back on your career arc up until this point as you, hopefully, are now considering a new path toward becoming your own boss. Did you have a lot of bosses along the way? What were they like? If...
Buying 3 Instead of 1: The Case for Multi-Unit Ownership
In this edition of FranNet’s blog, we pose a thought-provoking item for your proposed entrepreneurial agenda. If you’re able to buy a franchise, should you consider buying three instead of one?...