Step 1) Self Evaluation The first thing you have to do in your journey to opening a franchise is self-evaluation. Unfortunately most people rush past this most critical step – take a serious inventory of the skills and experiences you bring to the table; assess what financial and time resources you are prepared to allocate [...]
Owning a profitable business can do wonders for your financial health. However, the stress involved in market research, identifying unique opportunities and finally getting the business up and running is no small feat. It can take months to do this. And even then, you’re still working with an educated guess at best – nearly 50% [...]
The best Canadian franchises are not always the franchise systems with the biggest brands are most locations, instead, they are franchised businesses that demonstrate a proven track record of success, in different markets, with people of different skill sets and backgrounds being able to successfully execute the business plan.