Any discussion about joining a franchise will inevitably bring up the defining characteristic about this business model: franchise fees. No matter what you think about the franchise system, franchise fees serve as the basis of the franchisor-franchisee relationship, and for good reason.  This setup might be alarming to prospective franchisees already leery of the many [...]

You’re probably got a lot on your mind as a new franchise owner operating your new franchise restaurant. And yet, there’s one more thing you need to keep in mind, and that is franchise marketing.  But as you add this to your long list of priorities, it suddenly hits you: As a new franchisee that [...]

So far, the process of becoming a franchise owner has had you carefully select a franchise, and then sign a franchise agreement. Unless you’re self-sufficiently rich, the next step for you would be to find financial support. And for that, you’ll need a franchise business plan. A franchise business plan is a comprehensive, actionable proposal [...]

The question that gets asked the most about becoming a franchise owner is always the same: “How much money can I earn as a franchise owner?” Owning a franchise in Canada offers many clear benefits to entrepreneurs that include operational support and tapping into a loyal customer base, but the issue about earnings can be [...]

Licensing and franchising are two popular types of business models that have been the launching point for many small businesses. They both offer new entrepreneurs a degree of safety that comes from the association with a big brand that has an established clientele. However, these two business models are very different from each other.  If [...]