When candidates are engaged in the investigative process, reviewing concepts and business models, a major milestone occurs with the receipt of the franchise disclosure document—commonly referred to in the industry by its initials, FDD. The following is an explanation of its contents and how to use this information to your advantage. It’s highly recommended that [...]
A: This may surprise you to hear, but branding is almost irrelevant! When most prospective franchisees are thinking about which franchise to buy, far too many people fall in love with a strong brand, in part because it’s popular and in part because they see a steady flow of customers, and they equate this to automatic [...]
The pandemic has redefined many aspects of consumer behaviour, both from a business-to-business (B2B) and a business-to-consumer (B2C) perspective. It has also created one unique condition that will have a positive impact on franchising for the next couple of years—a substantial surplus of cash because most Canadians have not been spending for the last 18 [...]
Are you a podcast listener? If so, FranNet of Canada would like to direct your attention to a show produced by the Canadian Franchise Association (CFA). In case the logo below isn’t a dead giveaway, we’re talking about the Franchise Canada Chats Podcast. The show focuses on the world of franchising and the entrepreneurial mindset, [...]
Matthew Haller was recently appointed as president and CEO of our leading industry trade group, the International Franchise Association (IFA). However, he’s no stranger to the organization, having spent the past decade in various executive leadership roles, including his most recent position as senior vice-president of government relations and public affairs. For the past year [...]
In September, the U.S. Small Business Administration (SBA) updated the guidelines for the pandemic-induced Economic Injury Disaster Loan (EIDL) program. Existing small business owners—especially franchise owners—who are still facing daunting challenges and losses are now eligible to apply for up to $2 million in EIDL loans. And the SBA is ready to start processing these loan applications right [...]
Welcome to Part II of our double blog edition, “What to Expect When You Meet With Us”. Last week, in Part I, we covered the initial steps of our FranNet consultation process, largely dedicated to having you fill out your own personal Entrepreneurial Readiness Profile. This blog edition covers what happens when we review and [...]
The chasm between employer and employee continues to widen dramatically, as more and more fed-up workers are ditching their dissatisfying jobs for the great unknown. When it comes to voluntary job departures, when did the workforce become so brave as to throw caution to the wind? Whatever is going on out there, it’s happening at [...]
The short answer is YES! Many people assume that having a day job eliminates them as a candidate for business ownership. In reality, this does not have to be the case, as there are some franchise opportunities that have been proven to operate effectively with the owner in a semi-absentee role, while continuing to be [...]
In this blog edition, we check in with our partners at FRANdata to seek some Q3 2021 insights about what franchise operations are experiencing an uptick in interest and which ones could use a boost. It’s all about their quarterly New Concept Report. These insights from FRANdata also track new franchise concepts by brand and [...]
