To help give you a better insight into the franchising industry BeTheBoss.ca is committed
to bringing you a distinct group of expert advisors. Our panel will continuously be posting important
new franchise articles on a regular basis. Together with our experience and knowledge we are dedicated
to helping answer any question that you may have.
Who Will You Be Working For?
Franchise owners don’t work for themselves…they work for their customers. It doesn’t matter what you’re selling…be it food, equipment or a consulting service; the best products aren’t sold….they’re bought.
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The Advantages of Owning a Hotel Franchise
Every year there are a number of people who visit our site that are interested in hotel franchise ownership. Some have taken the plunge while others remain on the fence.
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Research to do BEFORE purchasing a franchise
There are a number of ways that a prospective franchisee can and should investigate a franchise opportunity before acquiring a franchise.
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A Franchisee Association: What is it? - Advantages & Disadvantages
As the name indicates, an association of franchisees is, for all practical purposes,
a grouping of franchisees.
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Is a Seniors Home Care Franchise Right For You?
If you love working with others and crave a career where you can make a real difference, then a senior care franchise might be the right option for you.
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Certain Elements To Be Considered By A Franchise Expanding to Quebec
Certain hesitant franchisors often perceive that the province of Quebec is a difficult
market to conquer or even penetrate.
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Conflict Avoidance and Resolution in the Franchise Industry
As with all relationships, most conflict avoidance and resolution can be achieved by beginning with and maintaining good communication between all parties.
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Financing a Franchise in Canada
When you begin looking into the purchasing of a franchise, you’ll be making a commitment, both in time and capital. However, hard working entrepreneurs need not be limited by their personal wealth.
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What You Need to Know About Buying a Home & Garden Franchise
Customers that require the services of a home and garden
franchise generally will require repeated maintenance of their
home and/or property.
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5 Tips for Researching Canadian Franchise Opportunities
There are so many franchise opportunities out there, it can be overwhelming. What information do you need to make a wise decision?
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Is A Work From Home Based Franchise Right For You?
More people across Canada are working from home. This business model is the perfect choice for many people; but is a home based business franchise the right choice for you?
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Top Canadian Franchises in 2011
Despite the economic downturn of the last couple years, franchising in Canada has remained a dominating force. If you’ve ever thought of getting into business for yourself, franchising remains the safest way to do so. A great place to start your search is with Canada’s top performing franchises for 2011.
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Intro to Franchising - Franchise Tutorial | BeTheBoss.ca
Franchising is a business relationship where a franchisor (a company or individual who owns the franchise system) grants a license to a franchisee (a company or person who contracts to use the franchise system) the right to use the franchisors brand and operating system.
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What are Franchise Disclosure Documents?
The ability to chart your own course appeals to many, but there are drawbacks if you do not take the time to investigate what it is you are getting into.
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What support do franchisors provide?
When deciding what franchise to invest in, many prospective business owners want to know what kind of support they can expect from their franchisor.
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Franchising and Social Media
As you prepare to dive into the world of franchises in Canada, one big area to explore is advertising and specifically the new social medias.
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Open a Franchise in Your Town
Have you have ever eaten at Harvey's while on vacation and wondered why there aren't any near you? You could be the one who puts a Harvey's in your town!
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To Buy or Not To Buy a Franchise
Many would-be entrepreneurs find themselves torn between creating a unique company and becoming a franchisee of a recognized brand.
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What will be my Return on Investment
Franchisors often get asked questions from people interested in a franchise such as “What will be my Return on Investment"? or “How much money can I make"?
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Franchising and the Canadian Economy
According to the Canadian Franchise Association (CFA) in April 2011, there are 78,000 franchises in Canada, and the number is still growing across all market sectors. The Canadian economy has remained strong throughout
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Seven Questions You Must Ask Your Franchisor Before Leasing Commercial Space
Will the franchisor sign the Head Lease and sublet the space to the franchisee – or will it be the franchisee alone who signs the lease?
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9 QUESTIONS TO ASK YOURSELF BEFORE FRANCHISING
Some aspiring entrepreneurs may believe that franchising a business is an easy decision. If you had some success with your first store, you may think that franchising is the next logical step
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What To Look For When Buying A Franchise
When buying a franchise there are lots of things to be considered. Some more obvious than others. When looking for your perfect franchise, some of that
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Want to be your own boss?
Thinking of a franchise or business opportunity may sound appealing, especially if you have limited resources or business experience. However, you could
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The Benefits of Buying A Franchise Business
Franchise is a good business model that lets you tap in the resources of a successful business. All you need is to meet the requirements of your franchisor
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How To Evaluate A Franchise Opportunity
There are now franchise opportunities that operate in almost every type of business category that you can imagine. They are available in most price brackets....
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Starting a New Business
Starting a new business that is a franchise has all the steps and concerns that any new business has, plus some that are particular to franchises. Once the decision has been made to seek a franchise
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FRANCHISE FUNDAMENTALS
Your path to franchising must begin with research to determine which franchise is really right for you. Your search will start wider, of the franchise marketplace generally, and then narrow down to a particular industry.
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What to consider as a Canadian dealing with a U.S. franchisor.
At a franchise convention I attended in Quebec in May, I spoke to a colleague who practices franchise law in the United States. It’s very normal for Canadian franchise lawyers to attend franchise conventions in the U.S., but it’s not that usual to see American franchise lawyers attending one up here.
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Franchise Opportunities For The over 50 Entrepreneur
Since there are so many franchise opportunities out there it can be difficult to evaluate them all and decide on the best one for you, especially if you are over the age of 50. Fortunately, there are plenty of franchise opportunities for the 50 plus entrepreneur.
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The ins and outs of leasing
Whether you're negotiating a lease or a sublease for a new business, there are dozens of issues that can come back to bite you if you don't do them correctly
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ACQUIRING A FRANCHISE
To determine whether purchasing a franchise is right for you, you should consider your own personal experience and the time you are willing to invest.
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Franchised businesses are never supposed to fail.
That's why doing your homework before you “buy” is so important, so the prospective franchisee can avoid disastrous mistakes and the agony of defeat.
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Want to buy a franchise? Read this first
If you're considering “buying” a franchised business in Canada and you live in Ontario, Alberta or PEI (and soon, New Brunswick), consider yourself lucky because they have specific legislation that protects franchisees.
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Are You Thinking About a Franchise?
How often have you thumbed through a franchise magazine or online directory and noticed a franchise opportunity advertisement, and felt you'd really like to get in on that...if only you had the money?
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A Look At The Franchise Business Model
The term "Franchising" refers to a business model that's been around since the mid-1800's when the manufacturers of the Singer sewing machine first dreamed it up as a way to expand the distribution of their products.
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Am I a Good Franchise Candidate?
With the knowledge that most new businesses are likely to fail within the first few years, it makes sense to consider a franchise, as the success rate is far greater.
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Franchise Fees, Costs and Royalty Charges
To start a franchise, you have standard initial costs and further ongoing costs. You need to pay first the set up fee. This is sometimes referred to as the initial franchise fee.
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Understanding Franchise Agreements
The franchise agreement outlines the way your business will work within your franchise system. It gives both you, the franchisee, and your franchisor a clear understanding of the terms of your business relationship
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Home Based Business Opportunities FAQ's
There are lots of reasons that people grow weary of their job. Burnout is a common thing in the workplace due to stressful work environments, office politics, the daily commute, and the grind of worry about what other people think is important.
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Franchise, Franchisor and Franchisee
A franchisee buys a franchise sometimes from the franchisor and sometimes from another franchisee.
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Are You Franchise Material?
As with any other organization, franchisors need to look for certain characteristics in applicants to determine if he is indeed right for the job.
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How Much Will it Cost to Open a Franchise?
How much does a franchise cost? Of course the cost of obtaining and starting a franchise depends on several variables.
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Home Based Franchises
Franchises are no long just for fast food or gas stations - they have expanded into your home.
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Advantages of Franchising
Franchising is by far one of the most popular business expansion systems in the world today.
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Franchise Overload
Going into the franchise business might be a very good idea for you as it is one of the popular methods of doing business today
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Franchises - So many to choose
Going into the franchise business might be a very good idea for you as it is one of the popular methods of doing business today but when you do a search of the available franchise opportunities
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Buying a Franchise
When buying a franchise there are lots of things to be considered. Some obvious, some not.
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Check the Pedigree!
Today, more and more people are choosing to become self-employed or, alternatively, buy a franchised business. It’s a major shift in your life.
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Why Buy a Business Instead of Starting One?
The term “entrepreneur” was initially used to describe an individual who created a business venture. More recently, the term has been applied to any business owner.
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What does it take to be successful in business?
The entire purpose of business is to attract and keep customers. It should become the focus of everything you do. Look at mission statements of most successful organizations, and there is a focus on the customer. Successful organizations create a customer-focused culture.
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How To Assess Your Financial Comfort Level
Before you commence your search for a business, it is a helpful to have an idea of what you can afford. This prevents you from wasting your time pursuing businesses, which are beyond your means.
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Negotiating a Mid-term Rent Reduction for Your Lease
If your business was at the end of its lease term there would be hope for a rent reduction on the lease renewal. Unfortunately, many franchise tenants find themselves in trouble somewhere mid-term into a five or 10-year lease agreement.
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How Can You Find a Good Franchise Business?
In many ways, it’s easier to select a family pet than it is a franchise business. With a pet, if it’s a thoroughbred, you can check its papers for lineage, bloodlines, etc. The breed will be known for its personality and mannerisms.
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Tips on Buying a Franchise in Canada
A franchise is essentially a licence to operate the franchisor’s business system and trademark according to the franchisor’s standards for between five and twenty years, depending on the franchise agreement.
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How can I know how much money I am going to make?
Many franchisors in North America are reluctant to provide earning claims in their disclosure documents. In the United States projections have been in the past such a cause for franchisees to take legal action (when they did not achieve projections)....
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Understand Financial Statements
There is a perception that financial statements are complex and can only be interpreted by professional accountants. On the contrary, once you become familiar with the terminology used, you will have an appreciation for the valuable information they contain.
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More Canadians finding future in Franchising.
Franchising is a system for expanding a business and distributing goods and services.
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WHAT TYPE OF BUSINESS SHOULD YOU BE LOOKING TO ACQUIRE?
Go into your business search with an open mind as to what type of business you are looking for as there is a good chance that you will end up buying a type of business that does something you never imagined when you started the process.
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Get in on the Ground Floor!
Get in on the Ground Floor!
“It’s a great opportunity to grow with our business!” And so it may be.
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Sources of Financing
The source of financing depends in part on the size of the business being purchased. The majority of smaller and medium sized businesses are purchased with a significant portion of the purchase price financed by the owner.
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In Franchising, Your Life is the Key!
Before you choose your new franchise business, the ingredient to consider is YOU!
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How Much Money Can I Make
Without a doubt, this is one of the questions most asked by individuals looking at buying a business – franchise or otherwise. The other, of course, is "How much will it cost? – What must I invest?"
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Do You Have What It Takes To Be An Entrepreneur
Not everyone is cut out to be an entrepreneur and it is better to find out sooner rather than later if that is the case. Many people romanticize about going into business and believe they could run so much if they were running the show.
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Choosing the Right Lease Term (Length)
This is one of those subjects that cause a lot of lightbulbs to go on in the minds of tenants attending my seminars. Perhaps it’s because a five or ten-year lease Term has become such a norm in commercial real estate leasing.
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How to Purchase a Franchise
Make your decision to buy the franchise based on business logic. While emotions, pride, etc., are involved - don’t make your selection decision on emotion.
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Questions that Need to be Asked
When one is looking at a franchise it is important that one do the research so that they know what they are getting into. A little homework at the beginning will avoid surprises down the road...
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Do You Have the Necessary Qualities to Succeed as a Franchisee?
Before you spend a lot of time reviewing various franchise concepts to find the one that is right for you, you need to ask yourself if you are right for franchising.
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Successful Site Selection
The number one reason for business failure or negative performance is a poor location. A poor location ultimately results from poor site selection.
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How to create a business plan for a franchise?
It’s every individuals dream to be successful, but very few ever get there….why you may ask? Well the answer is quite simple, lack of planning.
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How to locate the right lawyer for your franchised business?
Whether you are an entrepreneur looking to franchise your business or an existing franchisor , you will inevitably require the assistance of a lawyer.
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Ask Mr. Franchise
Dear Mr. Franchise, I am considering buying a Franchise but they are asking me to fill out a credit application, am I obligated in any way by doing this?
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Do you make the Leap?
We in the franchising field are of a special ilk. We are in operating business like restaurants, dry cleaners, and video stores but operate inside a specialty designed business model called “franchising”.
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Creative Developments in Franchising:
The term “Franchising” as generally understood, describes a very specific and defined business model. Over the past few years this standard definition has been modified and re-defined sometimes, beyond recognition.
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Franchise Development: What are you developing?
It’s often puzzling when consultants like myself use regular dictionary words to describe what we do. Take the word “development” for example.
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Top 10 Reasons To Buy a Franchise
Although there are more than ten good reasons to invest in a franchise opportunity, your decision to go into business has a lot to do with lifestyle and financial benefits.
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A Brief Intro to Canadian Franchise Laws & Legal Issues
For those looking to invest in a Canadian franchise opportunity, the process and legalities are quite similar to those in the United States.
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Franchise Documents: The Legal Landmine-Some Safety Tips
For most the scariest part of buying a franchise is signing on the dotted line. And why not, it is a major investment and the documents put before you are not written in your language, but rather legalese...
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Innovations in Small Business Financing: A New Kid on the Block?
Small business today generally refers to businesses generating under $3 million in annual sales. That’s not so small to most people.
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Can I be of Service???
This issue is dedicated to franchises in the service industry. It’s a timely issue as this segment of the franchise industry has seen the greatest growth over the past few years.
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Buying a Franchise-What Should You Know?
When buying a Franchise, you buy a lot more than the bricks and mortar and the inventory that stocks the shelves.
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Peter Macrae Dillon
Peter is the only lawyer in Ontario outside of Toronto recognized in L'Expert, the leading Canadian legal peer review journal, as an expert in franchise and distribution law.
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Franchising 101 or Now that I am on this site-now what?
Franchising is a specialized business model that allows thousands of individuals each year to fulfill their dream of owning a business.
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NEGOTIATING YOUR FRANCHISE AGREEMENT
Peter is the only lawyer in Ontario outside of Toronto recognized in L'Expert, the leading Canadian legal peer review journal, as an expert in franchise and distribution law.
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OPERATIONS MANUALS AND OTHER WAYS TO MANAGE CHANGE
The rate at which businesses must successfully navigate change, sometimes at a fundamental level, is increasingly rapid.
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