When people think about owning their own small business, they tend to picture building it from the ground up: starting in their home office with just a desk and a dream, and slowly expanding and making a name for themselves over time. While this can be very rewarding if you’re successful, there’s another way to [...]
You often hear a familiar refrain in franchising that says you’re in business for yourself, not by yourself, but what exactly does that mean for franchisees? The simple answer is that when you enter a franchise, you get almost unlimited amounts of guidance from the franchisor, but it goes even beyond that. If you were [...]
Happy (belated) Canada Day! You should start a franchise, eh.The question is: What type of franchise should you start? If you want to stay close to your Canadian roots or you have come to Canada from somewhere else and want your business to reflect your new homeland, might we suggest the following eight types of fantastic [...]
As we roll into a holiday workweek, the country is poised to once again celebrate the 4th of July, Independence Day, if you prefer. For those needing a quick brush up on the origins, the good folks at History.com remind us: “On July 4th, the Continental Congress formally adopted the Declaration of Independence, which had [...]
In our last blog edition, we spoke a little bit about a fact we’re quite proud of. For over three decades, FranNet has employed qualified representatives who both live and work in the communities they represent. Many have franchise and business ownership records of their own. That’s why they’re in such a unique position to [...]
If you’ve decided that you want to buy a franchise, one of the first questions you may ask is how to fund it. Ideally, you have enough cash saved up for the total investment outright but in many cases, additional funding is needed. When seeking a franchise to buy and how to fund it, the [...]
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, financing a brand of your choice will require decisions. And decisions require information. So where [...]
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 franchise opportunity. The long and difficult financing process (made more complex after the recent [...]
