Franchise Articles

Jul 20, 2009

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. There is often a significant...

Jun 22, 2009

What does it take to be successful in business?

A question I will often ask during an interview with potential candidates for a business or franchise is, “What does it take to be successful in business today?” Common answers I get are:...

Jun 12, 2009

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. The...

May 29, 2009

Negotiating a Mid-term Rent Reduction for Your...

Whenever I speak at an expo or convention, I inevitably meet many struggling entrepreneurs and franchisees leasing commercial or retail space. These tenants desperately need a rent reduction ... right...

Apr 24, 2009

How Can You Find a Good Franchise Business?

Time after time franchisors comment on how difficult it is to find good franchisees. Surprise! As you look for a good franchise business you have just as many concerns and challenges. For...

Apr 21, 2009

Tips on Buying a Franchise in Canada

Unsinkable luxury liners aren’t supposed to hit icebergs on their maiden voyages, let alone plummet to the bottom of the Atlantic. Yet, notwithstanding watertight compartments and thick steel...

Apr 3, 2009

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...

Mar 26, 2009

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 overall concepts and the...

Mar 11, 2009

More Canadians finding future in Franchising.

Franchising is a system for expanding a business and distributing goods and services. It is a marketing method which has been called by many business experts as the greatest marketing strategy ever...

Feb 3, 2009

WHAT TYPE OF BUSINESS SHOULD YOU BE LOOKING TO...

#content ul, #content ol{margin:0px 40px 12px;} 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...

Dec 2, 2008

Get in on the Ground Floor!

A new franchisor presents you with some opportunities. You’ll receive:- greater selection of locations; possibly a lower initial cost; special grants or terms. Yes – this can all be...

Oct 22, 2008

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...

Sep 22, 2008

In Franchising, Your Life is the Key!

Usually franchise writers stress steps you should follow in choosing a franchise business. These are important. However, I think we're missing one very important ingredient. Before you choose your...

Aug 1, 2008

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?"...

Jul 31, 2008

Do You Have What It Takes To Be An Entrepreneur

#content p{margin-bottom:12px;} #content ol, #content ul {margin: 0px 40px 12px;} Every year, thousands of Canadians from all walks of life respond to the call of entrepreneurialism. Young...

Jul 7, 2008

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...

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