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Understanding the Difference Between Traditional, Non-traditional, Mobile, and Home-Based Franchise Units
A franchise is a franchise is a franchise, right? Not exactly. Many franchises have a single format like a physical, standalone store, while other franchises have a variety of options to choose from, giving franchisees more flexibility. This is...
How to Choose the Best Franchise
With so many franchises for sale in today’s market, many investors are left wondering how to choose the best franchise. The first step is to clarify what you mean by the "best" franchise. For some, “best” means profitable. That’s important but if...
What you Need to Know About Health and Beauty Franchising in Canada
Being fit and healthy and looking good are things that will always remain important to people, which is why the health and beauty industry is always a good bet to get involved in. Fortunately for Canadians who are looking to open a business in this...
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 different franchise concepts to choose from,...
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 their products to market. In “Business Format...
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 you’re like most people, you’ve classified them...
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? Welcome to the case for multi-unit ownership. We begin...
How to Negotiate a Franchise Agreement
Updated September 2024 A franchise agreement is a legal contract between a franchisor and franchisee that outlines the terms and conditions under which the franchisee can operate using the franchisor’s brand and system. The agreement is crucial for...
Discover Absentee Ownership
More and more professionals are becoming absentee or semi-absentee business owners as a way to maintain the benefits of a job, while creating additional revenue and wealth. What is it? 1. Both job and entrepreneurship! In the past, entrepreneurs...
What to Expect on Discovery Day
Updated July 2024 A franchise discovery day is an in-person meet-and-greet with representatives from a franchise concept that you’re considering. It’s typically reserved for serious inquiries, not those looking for a free trip with extravagant...
Passion for the Industry: Is it necessary to buy a franchise?
“I never dreamed of being the owner of a cleaning business,” said one franchisee applicant. “I don’t wake in the morning feeling passionate about the oil change industry,” said another potential franchise owner. These quotes are paraphrased...
The Role of the Franchisee in a Franchising Agreement
Joining a good franchise is like joining a family. You’ll be surrounded by people who want to see you succeed and you’ll have a great support system in place to help you succeed. However, your success also depends on how much effort you put...
Bergen County, NJ: Are Blue Laws Good for Business?
What are Blue Laws? Blue Laws are laws that prohibit people from partaking in certain activities on Sundays such as shopping. These laws originated back in colonial New England preventing certain forms of entertainment from taking place on Sundays....
What to Consider When Buying a Franchise
Updated April 2024 Many entrepreneurs who want to become a business owner might be concerned with the risks that come with starting a business from scratch. That’s where franchising comes in. Franchise ownership offers business owners the comfort...
The Real Costs of Starting a Business
There are different costs to consider when starting a new business venture. It’s advisable to write a business plan as a blueprint for the first few years of operation, and it can be hard to estimate business costs unless you’ve started the same...
How to Check in on Your Original Business Plan
Any prospective franchisee or small business owner has to develop a business plan for their new entrepreneurial vision. But what may be less obvious is the need to periodically check in with the original plan for the purpose of reviewing your goals...
Key Responsibilities of Franchisors and Franchisees
Updated April 2025 Within a franchise system, there are two distinct roles – franchisor and franchisee. Both parties work together to grow and run a successful franchise business. While the franchisor provides the framework, support, and brand...
Four Ways Owning a Business Brings You Independence
With the celebration of Independence Day this month, it’s a wonderful time to stop and reflect about how to be independent in life. What does it mean to set your own course? Determine your own destiny? Create the present and the future in a way...
The Importance of Building a Strong Franchise Support Team
Updated June 2024 To create a viable franchise, a franchisor must first develop the infrastructure for the entire franchise business, which ultimately impacts each franchisee. The foundation of this infrastructure consists of a strong support team....
Franchise Prep: How to Determine Your Personality Type
Here’s a hypothetical situation for you. You’ve spent a successful career in Corporate America. You’ve been promoted multiple times, given more responsibility and eventually landed in a management-level role. Putting your savings aside carefully,...
How Much Money Can You Make By Buying a Franchise?
If you’re thinking about buying a franchise, one of the first questions on your mind is most likely how much profit you can make. While a Franchise Business Review study revealed that the average franchisee earns a profit of $66,000 annually, that...
How a Franchise Broker Can Help you Find Your Perfect Business Opportunity
Starting a new business is an exciting adventure for most people. Like any adventure, it can be fraught with pitfalls, though. Just when you think you’re on the right path, you take a wrong turn or find an obstacle in your way. Getting back on the...
Can You Take a Vacation from Your Business?
School is out for the summer, and it’s time to start planning all those fun activities that the typical American family enjoys. Whether that’s taking the kids to Disneyland or enjoying a week away with your spouse on a tropical beach, you deserve...
2014 Trends in Franchising
Here at the FranNet Blog, we like to keep all of our readers apprised of the latest and greatest happenings in the exciting world of franchising…which is why we’re going to take a look at three of the hottest trending topics in the industry:...
How VetFran Helps Veterans Become Franchisees
Because we're fresh off Memorial Day, FranNet is taking a closer look at VetFran and how they help veterans become franchisees, an initiative we wholeheartedly support. For those of you who don’t know, VetFran is an organization dedicated to...
Breaking Down Deposits for Future Franchisee
When newcomers approach franchising for the first time, franchise deposits are common causes for concern. Because self-starting doesn’t impose these up-front fees on the entrepreneur, some people think it’s a more attractive option, but that’s not...
Initial Training Tips for New Franchisees
Training is a crucial part of franchising. Successful franchises deliver consistency, which requires clear, organized, and efficient operational systems that can only be passed on with proper training. In today’s post, the FranNet Canada team...
Top Franchise Opportunity in Washington for May
The automotive aftermarket industry, a $275 billion giant in the US, presents itself as a very strong category for franchise opportunities. The body shops provide repair and customization work to the interior and body of passenger cars, trucks,...
Five Signs That You Have Graduated as a Franchise Owner:
May is the time of graduations. Youngsters are moving to the next grade, getting out of school, or celebrating the completion of a degree. But there are many other important graduations that might be occurring in your life right now. Getting a...
Your First Meeting with FranNet
STEP ONE On our FranNet blog, we’ve covered a lot of topics. All are related to the franchise industry, including trends, news and informative articles designed to educate our potential clients about entrepreneurship. We hope to cultivate your...
What Franchise Brands Look For in a Franchisee
We spend a lot of time on this blog series talking about what kind of franchise business will be just right for you. After all, that’s what we do. But today, we thought we’d turn the tables a bit. How about a look at what franchise brands (“zors”)...
Franchise Assessment Strategies: 4 Things to Expect from Your Franchisor
In today’s post, the FranNet team shares 4 franchise assessment strategies to inform your preliminary research process. Read on to learn 4 things you should expect from a quality franchisor and find out whether your chosen brand is best for you....
Analyzing Prospect Profiles: Is Franchising Right for Me?
Analyzing the profiles of successful franchisees is an incredibly valuable exercise for those still involved in the preliminary stages of franchise research and application. In today’s post, we offer a glimpse into the franchisor’s perspective,...
Top Franchise Opportunities in Washington for April
Non-Medical Home Care Non-medical home care industry is estimated to be in the vicinity of $80 billion nationwide. The bulk of sector revenue comes from population of 65 years and above (which is about 34 million individuals or 12% of entire US...
Tax Preparation Franchise: What to Know
Updated March 2025 Franchising offers entrepreneurs the chance to start a business with the backing of an established brand, providing a level of trust and credibility that can take years to build independently. This is particularly valuable in...
Are You Lucky in Business?
If you own a business, you are probably used to having some ups and downs. The wonderful thing about being independent is that you have more control over your future than most people will ever enjoy. But the challenge is that you can be...
A Family Business? Every Business Should Be
As FranNet consultants with decades of experience, we definitely have an opinion on the level of involvement family must or should have in business decisions. And while plenty of empirical evidence can be found to delineate both advantages and...
Franchise Disclosure Documents: What to Look Out For
Updated January 2025 Before buying a franchise, it’s important to research different brands to see which one best aligns with your goals, capabilities, and assets. There are several resources available to you such as speaking with existing...
FranNet Finds Perfect Bond Between Life, Business
The opportunity to showcase FranNet’s satisfied clients is something we’re always proud to do. Not only does it put a personal touch on our services, but it gives our readership the opportunity to see exactly how people come to the entrepreneurial...
Franchisor Versus Franchisee: Roles and Responsibilities (Canada)
Before you buy a franchise, it’s important to know the responsibilities that come with it. In today’s post, we break down the roles of franchisee and franchisor, outlining the different responsibilities involved with each. Roles and...
The Pros and Cons of Canadian Franchise Opportunities
{Updated February 2024} According to the Canadian Franchise Association, franchising “is the 12th largest industry in Canada and the second largest franchise industry in the world.” Franchising is a $120+ billion industry in Canada and 1 in 10...
Three Things I Learned at the Franchise Expo
The Franchise Expo last month was bustling with activity. There’s so much opportunity in this space that it can be completely overwhelming—especially for prospective business owners. As I talked to attendees, I noticed some definite patterns in the...
Top 3 Franchise Opportunities in Washington for January
1. Commercial Cleaning Outsourced cleaning services are primarily used in corporate offices and retail outlets. It is a growth industry riding on the post-recessionary increase in the number of new businesses and investments in non-residential real...
Top 3 Franchise Opportunities in Washington State for 2017
With 2017 just around the corner, I want to share with my readers the top 3 franchise opportunities I see in Washington State at the start of the new year. Boutique Fitness The big-box gyms are now considered dinosaurs in the booming industry of...
What You Can Expect from Canadian Franchises’ Disclosure Documents
The Franchise Disclosure Document (FDD) is something that every franchisee will have to face at some point. As you work through the legal and financial details of this document, it’s quite normal to feel a little intimidated. As with most things in...
Are You Uncertain about the Future—Or Thankful for New Business Opportunities?
With so much turmoil going on in 2016, it’s not surprising that we feel thankful that election season has reached its conclusion. While some people may be eager to get back to the routines of daily life, others are anxious about what changes the...
Learn to Buy A Franchise: Understanding Franchise Fees
Franchise fees are perhaps one of the most misunderstood aspects of owning a franchise. Some entrepreneurs look at a franchise fee as a superfluous expense - something nobody needs during start-up when money is tight - but those within the system...
Gary Prenevost was interviewed on CFRB 1010 AM radio show
Check out my interview with Zane Caplansky on Let's Eat with Zane Caplansky on CFRB 1010 AM this past Saturday. Had the pleasure to share the panel with some great guys and experts in their field, Avi Behar and Chad Finkelstein. We discussed...
Reasons to Buy a Franchise in Canada
Despite various economic challenges, franchising in Canada continues to flourish in 2024. Representing more than $120 billion of Canada’s GDP, franchising is the 12th largest industry in the country and the 2nd largest franchising industry in the...
Debunking 4 Myths About Franchising in Canada
Franchising in Canada is more popular than ever. However, as more people talk about franchise systems, more misinformation is allowed to spread! In today’s post, the FranNet team myth-busts four persistent of pieces of misinformation about...
Financing Guide for the First-Time Franchisee
The Problem with Franchise Financing In my experience, it is extremely discouraging for first-time franchisees to learn the hard way that the lending sources who helped them buy their house or car may not be able to help them finance their...
Protect Yourself From Franchise Fraud
To the trained eye, franchise fraud patterns are easily evident. However, far too many first-time entrepreneurs still fall victim to scammers. Why are there so many franchise scams? Well, in my experience, there's no single contributor to franchise...
Generational Collaboration Makes Franchising a Family Business
What do Baby Boomers and Millennials have in common when it comes to career planning? More than you might suppose. Both groups are increasingly disillusioned with the traditional career path: Find a job, work hard to get promoted, save and invest...
The How of Business Featuring Sara Waskow
On the most recent podcast episode of The How OF Business, FranNet Consultant Sara Waskow talks about the benefits of business ownership, and how franchising can be the best path to owning your own business. Check out the podcast HERE
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Consultant Disclaimer: FranNet’s franchise consultants own and independently operate each office throughout the FranNet system.
FranNet Brand Disclaimer: *There are over 4,000 franchise brands out there for you to choose from but FranNet has made the process much easier to find the right fit for you. We have a variety of franchisors in our portfolio in almost every industry. Our distinguished FranNet Certified Brands have completed our vetting process**. Your consultant can let you know what franchises are currently available in your area.
**Please note that the information and opinions expressed by the Franchisor are those of the Franchisor. FranNet, LLC makes no claim, promise, or guarantee of any kind regarding the accuracy, completeness, or adequacy of the information disclosed by the Franchisor. FranNet Clients are instructed to conduct their own independent investigation of the investment opportunity. FranNet assumes no liability for the statements and opinions stated by our Franchisor partners orally or in writing.
Privacy Policy | Consultant Support
© Copyright 2016 – 2022. All Rights Reserved
Have a question? Give us a call
Consultant Disclaimer: FranNet’s franchise consultants own and independently operate each office throughout the FranNet system.
FranNet Brand Disclaimer: *There are over 4,000 franchise brands out there for you to choose from but FranNet has made the process much easier to find the right fit for you. We have a variety of franchisors in our portfolio in almost every industry. Our distinguished FranNet Certified Brands have completed our vetting process**. Your consultant can let you know what franchises are currently available in your area.
**Please note that the information and opinions expressed by the Franchisor are those of the Franchisor. FranNet, LLC makes no claim, promise, or guarantee of any kind regarding the accuracy, completeness, or adequacy of the information disclosed by the Franchisor. FranNet Clients are instructed to conduct their own independent investigation of the investment opportunity. FranNet assumes no liability for the statements and opinions stated by our Franchisor partners orally or in writing.
Privacy Policy | Consultant Support
© Copyright 2016 – 2022. All Rights Reserved