Franchising is a very popular business model, with over 78,000 units operating in Canada alone! However, they may not all be doing as well as they could be. If you are in franchising, or considering a franchise for your next step, consider these habits of highly successful franchise owners.
1. Follow the Manual
At the start of every new year there are lists of top franchises to buy. The truth is that being a franchisee can be a highly profitable and rewarding experience. It is a very poplar business model, with over 78,000 franchise units operating in Canada, generating over $68 billion dollars in revenue every year. However, it is not a get-rich-... Continue Reading
If you think that cleaning is cleaning is cleaning, then you don’t know about the business of cleaning! It is very common to think that commercial is interchangeable with residential. Actually, there are big differences between the business model of a commercial or janitorial business vs a residential home cleaning business.
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Every year, thousands of people make the switch from having a job to operating their own business. Franchising is a well established way to get up and running sooner than starting from scratch. Within the franchise sector, there are many business... Continue Reading
The first thing you need to know about social media is that it’s not just for kids, and it isn’t just for entertainment. It’s also a very effective strategy for marketing your business. Social media matters for your business because it’s accessible, impactful, and inexpensive. We recommend social media to all our franchise partners - it can do... Continue Reading
What does culture mean to you? The Oxford Dictionary defines it as, “the customs, arts, social institutions, and achievements of a particular nation, people, or social group. In business, culture generally means the purpose behind the policies and procedures that are in place. As Simon Sinek famously says, it... Continue Reading
Franchising is well established in Canada and continues to drive growth for our economy. A respected name, turn-key system, and solid head office support are not the only elements required for a franchise to be successful. Like in any other business, there are specific traits which will influence whether you will be successful within a... Continue Reading
When researching business opportunities, a question that often comes up is: “why a franchise?”
How do you feel when it’s that time of year again? No, not the holidays…the annual conference. Most franchise systems and industries have annual conventions. If you are reluctant to travel and leave your daily routine to go to yours, here are 5 reasons to go to annual conferences:
Most people like to be counted on. Everyone likes to count on others, especially the reliability of products and businesses. When we order a pizza from a national chain, or go to the store to buy Oreos, we have an expectation of what we will see when we open the box. We know how it will look, and taste. This is why we made the purchase. We... Continue Reading
