It always helps to get advice from seasoned professionals, and this is exactly where you find such information with regards to franchising in Canada. In our industry experts section we bring you advice from a distinct group of franchise veterans who are happy to share their wisdom with you.
Reading this section will make things clearer and easier if you are just starting to get into franchising, or if you are already an experienced franchisee you might discover some new knowledge that you had not been aware of before.
The advice and insights found in here cover a great range of subjects from lists of the best franchises is certain industries, to success tips from veteran franchisees, to specific advice about steps in the franchise start up process. You’ll also find a great deal of advice on marketing and sales from franchise specialists in various industries.
It can be hard to find quality information from reliable sources, but you can rely on BeTheBoss.ca to deliver the goods every time. Our resources have everything you might need to be prepared to dive head first into franchising.
We are always adding new information and welcome more experts to contribute their insights, so be sure to bookmark this page and check back every so often. You never know when a ground-breaking new article might show up!
How Can I Work Better with My Franchisor?
Four important point of effective franchise relationships are: Expectations versus Perceptions of the Franchisor and Franchisee, Collaborative Communication, Communication Barriers, and Trust and its Effect on Franchisee/Franchisor Relationships.
Unique Challenges of Franchise Marketing in the Digital Age
All franchises offer franchisees brand recognition and access to corporate marketing content so that each owner does not have to reinvent the core marketing messages that drive the business. At the same time, every franchisee has an opportunity to grow their own local market based on their knowledge of the unique characteristics of the local community. As a franchise owner, you have the responsibility to provide marketing content and the infrastructure to support your franchisees and grow the overarching business. Simple, right?
How To Grow Franchise Catering Sales
No business can advance without clear leadership, financial accountability and a vision for future growth. Therefore, franchisees must work with their franchisors to implement a scalable restaurant catering business focused on growing incremental sales.
Building First Time Manager Talent
Training checklists for the franchisee to use with prospective and new managers as well as a bibliography of books that address customer service and coaching employees. These tools should be introduced to new franchisees when they come through their own training and appropriate attention should be put on their use.
Beware the Accidental Franchisor
Just because you’ll just call the agreement a “Licensing Agreement”, doesn't mean you'll be dodging the whole issue about whether to franchise or not.
Buying a Franchise
If you are looking into the prospect of buying a franchise, you will need to consider several factors in order to ensure that you choose to invest in the perfect business for your needs.
MISSION: FILE MY TAXES BY THE DEADLINE
There is always a lot of buzz at this time of year regarding getting your taxes filed on time. Should I try to do it myself? Should a buy a do-it-yourself tax program? Should I hire someone to do it for me
Franchises Are Missing Out on the Benefits of Social Media
It seems that even in today’s digital age, the large majority of franchises have not prioritized developing a franchise-wide social media communication plan. Given the fact that 91% of consumers make purchasing decisions that are influenced by online experiences, this is quite surprising. It’s even more surprising when you consider that 78% of social media users actually purchase from brands they follow online.
Who Needs Responsive Web Design?
In the present era of Digital Marketing, there is a multitude of inbound marketing strategies that one can take a pick from. But every business today is cognizant of the first basic thumb rule of online marketing.
What Can Franchisees Look For When Hiring Employees
Finding and keeping those people of value is an entrepreneur’s most important role, however, it can be difficult to build the right team, particularly if you’re growing rapidly. Recruiters can be effective but also costly at the same time, and posting an ad online may get you an inbox full of resumes you really don’t have time to read.
How Should I Grow My Franchise?
The goal of most franchise systems is to expand the business beyond a single unit. There are different ways of setting up a franchise system to achieve this goal.
Drive Profits with a Loyalty Program
A well designed loyalty program can dramatically drive sales and increase bottom line results. Many studies have shown that businesses with a program retain their customers for longer making more money on them without the expense of advertising making them lower cost customers than new ones to whom a business must market to in order to generate first time trial.
5 Franchises For Moms
It might seem like you’ll never have the time to start a business. The beauty of franchising is that the ground work is already laid for you.
Why Buy a Franchise?
When you buy a franchise, many questions are already answered for you. Someone has already taken the risk and succeeded. They have done the research, built the name, spent the sleepless nights working on it. They have put out a lot of their own funds to get this business built up to the point that it is a success and they believe it will be a success in many other locations as well.
Disclosure: When Is Enough Enough?
Enough information is to be provided in order to allow a prospective franchisee to make an informed decision. Legislation is an attempt to balance the scales...
Franchising Trends for 2014
Have you become discouraged by the frustrating routine of reporting to work every day only to do something you dislike?
Development Arrangements in Franchising
Typically, a development arrangement involves the opening of those franchised units within a set geographical area. The issues around development arrangements can be complicated and prior to entering into an agreement to develop multiple unit franchises, both the developer and the franchisor need to carefully consider a number of important issues.
Merry Marketing: The Holidays and Social Media
‘Tis the season for celebration and merriment, and for the most part people are on social media to do just that. They’re posting pictures of Christmas trees, exchanging online greeting cards and sharing in the joys of the season with friends and family near and far.
How To Grow Your Franchise
Everyone wants to see their franchise grow into a mega brand, but achieving that goal is easier said than done.
What are the chances of franchise success?
Running a franchise means you have follow a proven business model. Some many say it’s following “the rules” but in reality there are “rules” to ensure success. The truth is you have a much higher chance of success with a franchise than you do with starting your own business.
Three Great Burger Joints to Invest In
When most people think burger franchise the first thing that pops into your head is the well established franchises like McDonalds and Burger King. In Canada there is more smaller yet impressive fast food franchises that you should consider.
How to Finance a Franchise
You’ve done your due diligence research and have narrowed it down one franchise that you want to buy. Now you need to come up with the investment money to get started.
The Personality of a Franchisee
Just like how not everyone is cut out to be a professional hockey player, not everyone has what it takes to be a great franchisee.
Top Franchise Trends for 2013
The business has changed in many ways, and over 2013 we’re seeing a number of things become more prevalent among franchise businesses.
Introduction to Inventory
New franchisees quickly discover that one of their major expenses is inventory. The word, inventory refers to all materials and goods used by a business for daily operations.
Going the Extra Mile with Ongoing Training
Franchises tend to provide most new franchisees with plenty of upfront training. The goal is to ensure that the business gets off the ground and takes off with a successful start.
Everything of importance about a franchise is listed in these documents and works as a guideline to ensure consistency and communication from one franchisee to another.
Franchise Financing for Young Entrepreneurs
Are you a young entrepreneur, aged 18 – 39, ready to start your own business? If so, the Canadian Youth Business Foundation (CYBF) is your ‘go to’ resource and we can help you bring a business idea to life!
Franchise Business Fees: What Exactly Are You Paying For?
You may be wondering why Canadian franchise business fees can be so expensive & what exactly are you paying for. We break down the If you're interested in purchasing a franchise, you're probably already aware of the type of investment you'll need to make. You may be wondering, however, why franc
Top Canadian Franchises of 2013
A cross-reference of the reported top franchises of 2013 with the BeTheBoss.ca listings so it's easy to know which franchises are expanding in Canada.
To Use a Franchise Broker or Not?
The topic of using Franchise Brokers is one of the most controversial in the franchise lead generation. Franchise Brokerage Networks now account for about 10% of all franchise sales.
The Latest Canadian Franchise Trends in 2012
As Canada recovers from the recession, mid to high level executives displaced by corporate downsizing have looked to the franchise industry as an alternative to reentering the corporate world.
Planning to Lease Commercial Space?
If you are planning to rent a space for your franchise, you will want to prepare yourself for lease negotiations with a commercial landlord.
Broker – Friend or Foe?
One woman called me after recently purchasing a franchise and explained that her franchisor had offered to do her site selection and real estate work for an extra $3,500.00.
What's a Good Franchise?
While what is a good franchise will differ between individuals, there are some common
characteristics of good franchise systems.
A Little Thanks Goes A Long Way
When was the last time you personally thanked someone for giving you their business? Can you think of the last time someone thanked you?
10 Questions You Need to Ask Your Future Landlord
If you are planning to rent a space for your franchise, you will want to prepare yourself for lease negotiations with a commercial landlord. One of the most important steps you can take is to ask plenty of questions.
Understanding the Cost of Buying a Franchise
One of the most commonly asked questions by someone who is acquiring a franchise is: how much will it cost? The answer to this question depends to a great extent on whether you are acquiring an existing franchise or the right to operate a new franchise.
Loving The Brand You Buy
A good starting place is to ask yourself: What franchise brands are you currently a customer of? Of these businesses, which ones do you continue to buy from and why?
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.
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.
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.
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.
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.
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.
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.
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!
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.
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"?
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
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
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
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....
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
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.
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.
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.
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
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.
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.
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?
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.
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.
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.
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.
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
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
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.
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.
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.
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.
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.
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.
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)....
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.
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.
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.
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?"
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.
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.
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.
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...
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.
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”.
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.
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.
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.
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.