How To Figure Out When You’ll Be Profitable as a New Franchisee (VIDEO)
How can a franchisee determine when they can expect to reach profitability? It’s a combination of following some comprehensive steps and ensuring a base understanding...
Category : Ask an Expert
Q: What are non-competition and non-solicitation clauses?
A: Non-competition and non-solicitation clauses are common restrictive covenants in franchise agreements. That’s because non-competition clauses prohibit franchisees and their principals from operating a business...
Q: As a new franchisee, how do I figure out when I will be profitable?
A: When starting a new franchise venture, one of the main hurdles that a franchise owner may face is how to reach the point of...
What Provisions Should I Consider When Renewing My Franchise Agreement? (VIDEO)
When it comes time to renew a franchise agreement, entrepreneurs may be tempted to focus on the most pertinent costs including the franchise fee and...
Q: Besides the franchise fee and royalties, what other provisions should I consider when reviewing my franchise agreement?
A: While evaluating potential franchises, prospective franchisees may naturally zero in on the franchise fee and royalties, but there are three other provisions to consider...
Q: What do I need to know about borrowing money to finance my franchise business?
A: There are many benefits to owning a franchise business. A franchise gives you flexibility, control, and the feeling of ownership over your career. It...
What Do I Need to Consider When Choosing a Franchise? (VIDEO)
The best way to compare and rate the various franchises that might appeal to you is to use a check list in order to create...
What You Need to Know About Online Giveaways to Promote Your Business (VIDEO)
In a post-COVID-19, remote-working world, where people still spend a lot of time at home and are less likely to stumble upon your franchise as...
Q: What do I need to know about holding an online giveaway to promote my business?
A: As a new franchisee, you’ll have to put a lot of effort into promoting the opening of your business. In a post-COVID-19, remote-working world,...
Q: What do I need to consider when choosing a franchise?
A: If you’re thinking of buying a franchise, there’s no shortage of options in Canada. In fact, there are so many opportunities that it can...