from Wayne Maillet, President, Franchise Specialists. Over the years great franchise companies have become more selective in whom they grant franchises to. Strong franchisors know the qualities of successful franchisees and will watch for them as they recruit new franchisees into the system. They might do this through interviews, aptitude tests and/or observation. Franchisors recognize that… Continue reading Top Ten Qualities of a Successful Franchisee
Jerome Pulcine had an eye to retirement last April when he bought the rights to convert his existing decorating business into a franchise and hold the master franchise rights in Ontario for Decorating Den Interiors. He is part of a trend being seen in Canadian franchising. Baby Boomers are increasingly buying up franchises or considering… Continue reading Why Baby Boomers are Making Franchising Part of their Retirement Plan
from Joseph Pisani, National Manager of Franchising Services, Bank of Montreal. Purchasing a franchised business is not an easy process. As a prospective franchisee, you must take your time, performing a great deal of research and due diligence before finally making the decision to buy. Following this decision, your focus will turn to financing and the… Continue reading How to Understand Banks and Franchising
from John Woodburn, President of C.J. Woodburn & Associates. As a prospective franchise business owner, you’ve read everything you can get your hands on. You’ve learned to: Get Disclosure Document and comments from franchisor – read carefully! Talk personally to many existing franchisees. Ask for a location – franchisor or real estate agent. Assuming you’ve… Continue reading Is Your Franchise Location an Asset or a Liability?
from Michel Gagnon, President and Senior Consultant, Davier Consultants Inc. A few years ago on a trip to some North African and Middle East countries, we presented a series of seminars on franchising to local business people. With the support of the regional Canadian Embassy Trade Commissioners, we were witnesses to a growing trend to… Continue reading How to Find Opportunities in International Franchising
If you’re an automotive enthusiast, you’ve probably already heard of Northside Autosports. They are the main brand operating under the parent company of Northside Alliance Group (NAG) and are known as Canada’s fastest growing aftermarket automotive chain – with good reason! The reason behind that claim is simple. Northside Autosports are doing what no one else… Continue reading Northside Autosports is Calling All Automotive Enthusiasts!