According to some of the most recent data and statistics, Canada’s Millennial population is just shy of 10 million people. Couple that with nearly 80,000 existing franchise businesses, growing at a rate of over 4,000 per year, and you’ve got a match made in the Great White North. Target, meet market. For franchisors, Millennials are [...]
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, [...]
It’s still true that people retain preconceived notions of what franchise ownership might look like for them. If it isn’t a fast-food chain (see the book, More Than Just French Fries), there’s an assumption of needing a brick-and-mortar storefront, stocking endless shelves with inventory, and watching every penny until the breakeven point is reached on their [...]
If the data from Robert Half Canada is correct, it appears that a third of Canadian workers in the Gen Z and Millennial category are interested in pursuing something other than their current job—especially if it means a return to the office setting. A similar survey on Job Optimism also doesn’t look too optimistic for [...]
This FranNet of Canada blog features our Franchise Spotlight on British Swim School, a franchise that provides an opportunity for children to learn how to swim, no matter their age. Swimming instruction has been proven to prevent child drownings through one-of-a-kind techniques taught by experienced instructors. As a franchise owner, you never have to get [...]
If you aren’t already aware of this fact, there are thousands of franchise concepts to choose from. Spanning dozens of industries and profiles, you can likely find a franchised business for any occasion. It’s not difficult to contemplate when you consider the type of businesses available to own and operate using franchising’s business model. There [...]
A new survey from Canadian tech education hub Lighthouse Labs found that 57% of Canadians would change careers, if given the opportunity to do so. In speaking with the Financial Times, CEO Jeremy Shaki had some advice to share for those out there who are simply thinking of taking a different route: “I’d say, think [...]
A new poll of Canadian workers from Robert Half has revealed an astonishing statistic—nearly half (47 per cent) reported that they’re rethinking their career choices and paths in a post-covid world. And while this number may come as a shock, the multiple factors of working during the pandemic offer plenty of clues to the dissatisfaction [...]
