By Joseph Pisani If one wants to start their own business, a franchise can be a great way to increase their chances for success. As a franchisee in a major network, one can expect to benefit from professional marketing, national advertising, specialized training, and centralized purchasing. Further, a small business owner is statistically more likely to succeed with a well-established franchise than with a non-franchised independent business. Franchising is an area of business that is…
In this article, the author will delve into a continuous trend in franchising: popularity of lower investment opportunities. There are many reasons to proceed carefully into an unproven category, or with an inexperienced franchisor.
This is a discussion on how to better plan for and preempt unforeseen disruptions, as well as aptly navigate when perilous challenges present, to optimally emerge on the other side stronger than the business was before.
By Shawn Saraga Imagine opening the first McDonald’s Canada 60 years ago? Or being the premier franchisee of Wendy’s Canada? Canadian franchisees have a long history of investing and bringing U.S. brands to Canada for expansion. Having the vision to seize opportunities requires a certain appetite for risk. Some Canadians can be ethnocentric and unsure if foreign brands will work in local markets without seeing a track record of success. Indeed, for the many…
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