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Laid Off? Why Franchising Is the New Job Security
Unfortunately, job security is not a guarantee in today’s economy. In fact, mass layoffs from major companies don’t seem to come as a surprise anymore. In the first month of 2024, 776+ companies had already announced mass layoffs, and 5487+...
How to Buy a Franchise in Canada as an Immigrant
Franchising is a booming industry in Canada representing $120 billion. While it’s the twelfth largest industry in Canada, it is the second largest franchise industry in the world (CFA). Canada certainly offers an appealing opportunity to...
Franchise Marketing Plans – What Do You Need to Know
When it comes to franchise marketing, there isn’t one strategy that can be employed with the expectation of success. It’s important to know that there isn’t a silver bullet. Rather, marketing is a multifaceted effort that requires a commitment to...
Choosing a Business Structure for Your Franchise
Disclaimer: This blog is intended to provide helpful information, not legal advice Choosing the right legal structure is key to the success of any business, whether you’re starting a business from scratch or starting a franchise. Some of the...
What is Brand Equity and Why Is It Important?
Brand equity refers to the value and strength that a brand adds to a business’s product or service. It is made up of the perceptions, associations, and attitudes that consumers hold, which significantly impacts the brand’s performance. This makes...
What is the Cost of Starting a Franchise in Canada?
It shouldn’t come as a surprise that there isn't a simple answer to this question. That’s because the cost of starting a franchise in Canada widely varies depending on the brand, industry, and location. One of the best ways to know the cost of a...
Franchise Liability: What Do You Need to Know?
Entrepreneurs starting a business will need to take measures to protect against various liabilities in regards to financial, operational, legal, and risk management matters. The same thing goes for a franchise owner. Franchise liability refers to...
Are Franchise Fees and Other Costs Negotiable?
Buying a franchise is a great option if you want to become a business owner and are drawn to the idea of having a proven business model. Of course, there are startup costs for any business, whether it’s a franchise or starting one from scratch....
Initial Franchise Fee – Everything You Need to Know
Buying a franchise is a great way to become a business owner with a bit of a head start. A proven business model is one of the many reasons to choose franchise ownership over starting a business from scratch. However, as with any business, owning a...
What is Franchise Development?
Franchise development refers to the strategic process through which a franchisor expands and grows its franchise system. It can either be the process of converting an idea into a franchise from start to finish, or it’s the strategy that an existing...
Franchise Requirements You Need to Know About
Buying a franchise is a great option for aspiring business owners since it comes with an already proven business model. There are various things to consider when deciding whether to buy a franchise vs. start a business from scratch, but buying a...
Another Entrepreneurial Journey: Meet Fabio Teixeira
Another Entrepreneurial Journey: Meet Fabio Teixeira Several years ago, with the assistance of Diana Trondsen of FranNet of Houston, Fabio Teixeira made his entrepreneurial plans come true – owning an enterprise level operation that’s all his own....
How Long Does it Take to Buy a Franchise From Start to Finish?
Buying a franchise is a great option for aspiring business owners who don’t want to start from scratch. If you’re thinking about franchise ownership, you might be wondering how long it takes to start one from the initial inquiry to the opening day....
How Can You Tell if a Franchise Has a Solid Brand?
One of the biggest benefits of buying a franchise vs. starting your own business from scratch is that a franchise comes with an established brand. An established brand comes with a proven business model, brand recognition and trust, market...
What is a Piggyback Franchise?
For anyone interested in purchasing a franchise, it’s important to understand common franchising terms, one of which is “Piggyback Franchising” or “Combination Franchising”. Definition of a piggyback franchise: “in essence a business within a...
Choosing a Franchise Attorney – What Do You Need to Know?
From legally binding agreements to various state and federal regulations, buying a franchise has complex legal aspects that require specialized knowledge. While a general practice lawyer can assist their clients in a broad range of areas, it’s...
How to Finance Using a Franchise Investment Fund
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 finding outside investors is another option worth...
12 Helpful Tips for New Franchise Owners
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 from scratch, which increases the probability of...
Calling U.S. Veterans – Explore Business Ownership Through Franchising!
Ready for Your NEXT Mission? If you’re a veteran of the U.S. Armed Services or an active duty member preparing to transition back to civilian life, get ready for your NEXT mission as FranNet of Houston has a special event just for you. On Thursday,...
Another Client Success Story: Meet Matt Carstens
Matt Carstens is the proud owner of an Enviro-Master franchise serving Metro Detroit South. His entrepreneurial journey is nothing short of an inspirational story, which is why FranNet of Michigan chose to feature him in our testimonial series of...
Canada Small Business Financing Program (CSBF) – Everything You Need to Know
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, which is why they offer various programs to help...
What is Bad Credit Equipment Financing?
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 creditworthiness before approving a loan. ...
Franchise Angel Investors – What Do You Need to Know?
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 of receiving financial returns.” (Investopedia)....
Owning Multiple Franchises – What Do You Need To Know?
While how much you can make as a franchise owner depends on various factors, owning multiple franchise units is ideal for those seeking to make lots of money. A multi-unit franchise model is when a franchisee operates several franchise locations,...
Conversion Franchising: Everything You Need to Know
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 franchisor in the same industry. For example,...
Turnkey Franchises – Everything You Need to Know
You’re probably familiar with the term “turnkey” especially as it relates to buying a house, but perhaps you’re wondering how it relates to starting a franchise business. “A turnkey business is a business that is ready to use, existing in a...
How to Buy a Franchise With No Money: Is It Possible?
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 discouraged though! Fortunately, buying a franchise is...
Negotiating a Rental Agreement for Franchising in Canada
If you are thinking about buying a franchise that requires a physical location, then you’ll likely need to secure a rental agreement. Negotiating a rental agreement is a key element to the start of most franchise ownerships, and it’s typically one...
Buying a Franchise With Bad Credit: Is It Possible?
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 “plays a key role in a lender’s decision to offer...
Franchise Net Worth Requirements (A Basic Guide)
“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 business? Whether you plan to buy a franchise or...
Buying An Existing Franchise – Everything You Need to Know
Prospective franchisees can choose to open a new franchise location or buy an existing one. Purchasing an already existing franchise might be less common, but it’s worth considering. It could be an opportunity to get a great deal on a business...
How Do Franchise Owners Get Paid?
Ever wondered how franchise owners make their money? Whether you are buying a franchise or starting your own business from scratch, it’s important to know what to expect regarding how you will get paid. In many cases, an owner has to work to build...
Tax Deductible Expenses For Canadian Businesses
"Why did the entrepreneur become a chef? So he could write off all his meals as 'research expenses.'" There are plenty of jokes to go around about taxes, but one thing is certain: most people aren’t usually excited about paying them. While figuring...
Canada Digital Adoption Program (CDAP) – What Do You Need to Know?
COVID-19 had a widespread impact on businesses and the way they operate. The restrictions that were imposed to various extents around the world severely limited many industries that relied on face-to-face interactions. Consequently, this led to a...
Franchise Business Booms Post Pandemic (2023)
In 2020, business owners faced mandatory shutdowns due to COVID-19, which severely limited their level of operations. Not surprisingly, these shutdowns were especially hard on small businesses, at least at the beginning of the pandemic. Statistics...
A Buyer’s Guide to Franchise Advertising
If you’re interested in becoming a franchise owner, it’s important to understand the basics of franchise advertising so you can know what to expect. Advertising refers to the process of promoting a product, service, or brand to a target audience...
Franchise Exit Strategies: Selling or Succession?
It’s no secret that franchising your way to business ownership offers many advantages for entrepreneurs. FranNet of DFW & Oklahoma has long preached that it’s easier than starting a new venture from scratch and often less risky than buying an...
6 Ways Your Life Will Change (for the Better) as a Franchise Owner
Deciding to pursue an entrepreneurial future is a big, life-changing decision. Typically, candidates get to this point one of two ways. They either always dreamed of owning a business of their own, or circumstances dictated the need for a radical...
Franchising vs Licensing – What You Need to Know
If you’ve started looking into your options for business ownership, then you might have come across the terms “franchising” and “licensing”. Franchising and licensing agreements share some similarities in that they grant certain rights to other...
The Basics of Franchise Accounting
A successful business doesn’t just happen on its own. While there are many factors involved, the accounting process is foundational. Put simply, accounting is “the process of recording financial transactions pertaining to a business”...
Another Entrepreneurial Journey: Meet Sam Moreton
Several years ago, with the assistance of Cynthia Mora of FranNet of Houston, Sam Moreton made his own entrepreneurial dreams come true – owning a business that’s all his own. When they first met, Moreton was adamant that he never wanted to retire....
What is the Goods and Services Tax (GST)?
When thinking about fun topics to discuss, taxes don’t usually make the top of the list. However, understanding the various tax codes that relate to you and your business is key to your success. The Goods and Services Tax (GST) is a sales tax...
What is a Franchise Agreement?
A franchise agreement is the contract between a franchisor and franchisee outlining the terms of their business relationship and what is expected from each party. It provides the standards that a franchisee must follow in order to protect the...
Revisiting a Client Success Story: Ryan Mann & Olga Torbello
You may remember a couple of entrepreneurial alumni who previously worked with Diana Trondsen, Market President and Franchise Consultant of FranNet of Houston - Ryan Mann and his fiancé, Olga Torbello. It’s been a little over a year and a half...
Buying a Franchise vs. Starting Your Own Business
The first step to running your own business is to decide which path you want to take to become a business owner. One option is to start your own business from scratch. Another option is to buy a franchise, which is an already existing business....
The Benefits of Franchising with an Emerging Brand
Based on what we know at FranNet of DFW & Oklahoma, launching an entrepreneurial future can be a very exciting time in your life. An opportunity to embark upon a journey that’s all your own. Franchising your way to business ownership offers...
Is It Possible to Get Out of a Franchise Agreement?
It might be helpful to start this discussion by answering the question, “What is a franchise agreement?" A franchise agreement is a legally binding contract between a franchisor and a franchisee that outlines the terms and conditions for both...
FRANdata Report: Snapshot of Franchising in a Down Economy
For the past year and a half, the U.S. has lived under the threat of a possible recession, though an official one has still yet to materialize. Defined as two consecutive quarters of negative economic growth, a recession can sometimes lead to...
Franchise Success Rate: What You Need to Know in 2023
“Progress always involves risk; you can't steal second base and keep your foot on first.” Frederick Wilcox The English soccer player’s baseball analogy proves helpful when weighing the risks that come with starting a business. Every business...
Franchise Support – Everything You Need to Know
The decision to pursue franchise ownership should not be taken lightly. The path to becoming a successful franchisee is not inconsequential - it requires hard work and dedication. While you’re likely to reap many benefits, owning a business also...
Home-Based Franchises in Canada – What Do You Need to Know?
Work-from-home opportunities have become much more common over the last few years. While it might not be for everyone, the ability to work from home is an attractive option for many individuals in the workforce. Franchise business ownership is also...
Master Franchise Agreements – Everything You Need to Know
Master franchising is a multi-unit model that some franchises use to quickly expand their presence in new territories. It offers a win-win-win partnership for everyone involved. Not only does the franchisor and master franchisee benefit from a...
Client Success Story | Sonja Nwabuoku – Young Rembrandts
After a successful two-decade career in the corporate world, Sonja began to realize that she just didn’t have the passion she once had for the work she was doing. So, she decided to look into franchising, which had been sort of a backup plan all...
Why Networking Will Play a Key Role in Your Business Ownership
As we always say at FranNet of DFW & Oklahoma, determining which franchise is right for you is the most important decision you’ll make on your own personal entrepreneurial journey. With thousands of concepts to choose from, it’s important to...
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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