from Ned Levitt, senior partner, Dickinson Wright LLP. In the world of franchising, Canada occupies a unique position. Geographically, we share a common border with the U.S. franchise behemoth, as does Mexico, but Canadians are more like Americans than any other people on the planet. This means that American franchise successes are more likely to… Continue reading Buying a Franchise from a U.S. Franchisor
from Ned Levitt, senior partner, Dickinson Wright LLP. The success of a franchise system and the contentment of the franchisees in the system are very much a product of the character, strengths and weaknesses of the franchisor. A franchisor, to be successful, has to become an expert in the business of franchising, as well as… Continue reading How Can You Tell the Good Franchisors from the Bad?
from Ned Levitt, senior partner, Dickinson Wright LLP. Careful consideration and thorough due diligence is critically important in the purchase of a single franchise. For the purchase of master franchise rights (the right to sub-franchise to others) or area franchise rights (the right to open multiple single franchise units in a given area) there is… Continue reading What to Look for when Valuating a Master Franchise or Area Development Opportunity
from Ned Levitt, senior partner, Dickinson Wright LLP. Expanding your business through franchising is neither as hard nor as easy as most people think. Myths and misunderstandings about franchising are plentiful and potentially very, very dangerous. It is not a “license to print money” rather it is one of several distribution methods that businesses can… Continue reading Why Should you Franchise your Business?
from Ned Levitt, senior partner, Dickinson Wright LLP. In the world of franchising, Canada occupies a unique position. Geographically, we share a common border with the U.S. franchise behemoth, as does Mexico, but Canadians are more like Americans than any other people on the planet. This means that American franchise successes are more likely to… Continue reading Buying into The American Dream
from Ned Levitt, senior partner, Dickinson Wright LLP. Buying power, name recognition, expertise (both in the business and in the business of franchising), advertising clout and research and development are some of the benefits prospective franchisees expect when buying a franchise. With the newer systems, these benefits may not materialize for several years, if at all. There is no question that the risks for franchisees in the start-up… Continue reading Buying a Franchise: New Systems Versus Mature Systems
In the world of franchising, Canada occupies a unique position. Geographically, we share a common border with the U.S. franchise behemoth, as does Mexico, but Canadians are more like Americans than any other people on the planet. This means that American franchise successes are more likely to be repeated in Canada than anywhere else. With… Continue reading Buying Into the American Dream
Expanding your business through franchising is neither as hard or as easy as most people think. Myths and misunderstandings about franchising are plentiful and potentially very, very dangerous. It is not a “license to print money”, rather it is one of several distribution methods that businesses can employ to grow and prosper. It is not… Continue reading Why Franchise Your Business?
Artificial intelligence (AI) is transforming business. Sophisticated franchises are using it to create efficiencies and drive growth. Businesses are using AI more than ever before. In a recent workplace survey of 13,000 people across 18 countries, 50% of respondents said their company was using AI – up from 22% just five years ago. Businesses… Continue reading Harnessing AI To Enhance Your Franchise Business
Growth is at the very essence of franchising. It is a more efficient method of distributing products or services than other methods because of its ability to quickly grow the business throughout broader geographical territories. While growth will fuel the financial success of a franchise system, it can also lead to its demise. Many failed… Continue reading Options for Growing a Franchise System
