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Remember your first job? Whether you served coffee or taught swimming lessons, there’s a strong chance you did it at a franchise. Your boss was able to carve out a slice of business success by licensing the operating systems and putting their own spin on it, but have you ever considered following in their footsteps?
The franchising business model is one of the best ways Canadians can turn their dreams into reality and become successful small business owners, or even expand their franchises into multi-unit management empires. And it’s lucrative! The Canadian franchise industry generated $117 billion of last year’s annual GDP. The average shopper may not be aware of franchising in detail, but they’ve almost certainly interacted with franchises in one way or another.
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