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franchise

5 things to consider when buying a franchise

5 things to consider when buying a franchise

Buying a franchise is a great way to build a business empire without having to start from scratch.  The benefits of franchises include established processes, a tested concept, and name recognition.  Despite having the aforementioned things in common, franchises still offer a great deal of variability and not all franchises are a good fit for…

Franchising trends in Canada

Franchising trends in Canada

Over the past few years, franchising in Canada has increased in popularity and business owners are experiencing the benefits of a franchise business.  Across the country, franchises are growing in a variety of sectors, each of which is accessible to new and experienced business owners.  Below is an overview of three different franchise areas that…

How to finance buying a franchise

How to finance buying a franchise

Buying a franchise can be a great business opportunity for new and experienced business owners.  Franchises provide the opportunity to own a business that has a proven concept, policies and procedures in place, brand recognition, and ongoing support.  This business model can provide owners with the opportunity to grow their business more quickly than if…

How to thrive when others fail

How to thrive when others fail

A recent article in the Calgary Herald outlined some of the frustrations and challenges affecting business owners in the city’s various destination districts.  According to the article, destination districts in Calgary have increasing vacancy rates.  The article surmises that business closures are the result of a variety of factors including a weak Canadian dollar, the…

Is your business ready for a new owner?

Is your business ready for a new owner

One third of small businesses in Canada will change hands in the next three to five years.  Even if you are not planning on selling anytime soon, now is the time to get your business ready for a new owner.  Life happens.  Plans change.  A business that is prepared to sell is more likely to…

How long it really takes to sell a business

How long it really takes to sell a business

One of the aspects of selling a business that surprises almost all owners is how long the process takes.  On average, it takes nine months for a business to sell and only a small percentage of businesses are successfully sold.  Many business owners assume the process will be much shorter and often underestimate the amount…

A business owner’s guide to franchises

A business owner's guide to franchises

For many Canadian business owners, a franchise opportunity can be a viable way to build a business empire.  Franchises offer owners the opportunity to step into a business that has a proven business concept and a framework in place.  With branding, policies, and procedures already established, a franchise allows owners more time to work on…