If you’re an entrepreneurial New Canadian, franchising might just be the perfect path to business ownership in Canada. As a franchisee, you own and operate your own business, but also have the support of an established system behind you, so you don’t have to go it alone.
While you’ll be responsible for the day-to-day operations of the business, your franchisor will provide the framework for how to run the business, which takes the guesswork out of how to put these processes in place in a new country.
As a franchisee, you’ll also receive training and ongoing support from the franchisor, marketing and advertising assistance, and access to a network of franchisee peers, which can be a major asset as you adapt to a new culture.
Franchisees are also small business owners, which means you’ll be an integral part of your community. Through local marketing efforts, you’ll develop valuable relationships with those in your neighbourhood, which will play a vital role in connecting you with your community.
As with any business opportunity, it’s important to do your due diligence to ensure that you’re properly navigating the path to franchise ownership. Here are a few articles that can help as you get started:
- Franchising 101
- 7 Signs You Should Invest in a Franchise
- How to Find the Right Franchise Fit
- Franchise Due Diligence Checklist
- Support Services for Franchise Investors