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You Have Just Bought a Franchise— Now What?

You Have Just Bought a Franchise— Now What?

You Have Just Bought a Franchise— Now What? Making the decision to buy a franchise and become a new franchise owner is a very exciting time for an entrepreneur! Once you have signed on the dotted line, there are quite a few things that need to be in place to ensure...

Education Franchises You Need To Know

Education Franchises You Need To Know

As soon as the calendar changes to September you normally think about going back to school.  As a former teacher, I saw many parents supplementing their children’s education with after school activities and programs. During the pandemic, this industry significantly...

Why A Mobile Franchise Might Be Right For You

Why A Mobile Franchise Might Be Right For You

Why A Mobile Franchise Might Be Right For You A mobile franchise is a type of business franchise in which the franchisor licenses the use of their brand and business model to the franchisee, who then operates a mobile unit. Mobile franchises are typically found in...

Why Buying a Franchise is a Smart Investment

Why Buying a Franchise is a Smart Investment

Why Buying a Franchise is a Smart Investment There are many reasons to consider buying a franchise. For one, you're investing in a proven business model with a track record of success. Franchises also tend to have strong brand recognition, which can help you attract...

4 Reasons Why You Hesitate To Buy A Franchise

4 Reasons Why You Hesitate To Buy A Franchise

Franchising can be a life changing endeavour. Speaking from experience, I can say that my life has changed dramatically as a result of becoming a franchise owner. I was able to leave my teaching career and venture into entrepreneurship full time as a result of...

How To Guarantee Franchise Success

How To Guarantee Franchise Success

THE 5 STEPS TO FRANCHISE SUCCESS Earlier this year, I decided to teach a college course on Venture Development and Entrepreneurship. One of the things a colleague said that stood out to me was that “she has never failed a student but the students have failed...

Your Perfect Franchise Is Closer Than You Think

Your Perfect Franchise Is Closer Than You Think In the last few weeks after speaking to over 150 clients who are interested in becoming their own boss, I find that there is a gap between where they are now and where they want to be. The gap is FEAR AND UNCERTAINTY....

3 Things You Must Know Before Buying a Franchise

3 Things You Must Know Before Buying a Franchise

In 2008, I made the decision to invest in my first automotive franchise. The process was not a straight road and I learned a lot about buying a franchise business. Looking back I realized that there are a few thing I wished I had known before investing. Buying a...

Best Recession Proof Franchises

Best Recession Proof Franchises

Best Recession Proof Franchises What are the best recession proof franchises? Since we entered the global pandemic in 2020 and time has passed we have learned to navigate the world… There is an intersection between business and the pandemic as small businesses have...

5 Characteristics of Highly Profitable Franchises

5 Characteristics of Highly Profitable Franchises

5 Characteristics of Highly Profitable Franchises Not all franchises are created equal. You can have a franchise of a well known brand and not be successful and a lesser known franchise brand and be very successful. With that in mind, it makes sense to look for traits...

Want More Money? Start A Seasonal Franchise

Want More Money? Start A Seasonal Franchise

Seasonal Franchises Spring is in the air and this is the time of year when we start thinking about spring cleaning and getting the pool ready for the summer season. As the weather changes, I thought about some of the seasonal franchises that are in our portfolio. A...

4 Reasons You Do Not Own A Franchise

4 Reasons You Do Not Own A Franchise

4 Reasons You Do Not Own A Franchise I started to think about becoming a franchise owner when I was in my classroom wondering what it would be like to no longer be a teacher and become a business owner. I did not leave it as a dream because I was more committed to my...

5 Franchises Under $50,000

5 Franchises Under $50,000

5 Franchises Under $50,000 Franchising is a proven business model that leads to the accumulation of wealth. Many people think that franchising is out of their budget but that is far from the truth. When we think of the term franchising we automatically equate it with...

From Teacher To Franchise Owner

From Teacher To Franchise Owner

From Teacher To Franchise Owner Have you ever wondered who is the ideal franchise owner? Franchising is truly for anyone who is willing to take risks, wanting to get started in a business concept quickly, and most importantly has the work ethic to match. A majority of...

Top 5 Mistakes to Avoid as Franchise Owner

Top 5 Mistakes to Avoid as Franchise Owner

Top 5 Mistakes to Avoid as Franchise Owner In 2008 I made the decision to buy my first oil change franchise in Calgary, Alberta. I was new to the industry so I had a lot to learn.  Once we started to have success, our corporate office reached out because they wanted...

McDonald’s Franchise Owner Invests in 5 Laundromat Franchises

McDonald’s Franchise Owner Invests in 5 Laundromat Franchises

McDonald’s Franchise Owner Invests in 5 Laundromat Franchises Laundromat franchises are becoming more popular than ever. Clint and Melissa Gulley are seven unit McDonald’s franchisees. They have invested in Laundrolab franchise  Laundromat community's first laundry...

Why You Need To Hire a Franchise Agency

Why You Need To Hire a Franchise Agency

Why You Need To Hire a Franchise Agency Why use a Franchise Agency? If you have decided that the time is right for you to find a franchise business, maybe you are asking yourself if you should use a franchise agency or do it by yourself? When you are getting ready to...

Franchise Success Mindset For 2022

Franchise Success Mindset For 2022

Franchise Success Mindset For 2022 With the arrival of the new year, gives another opportunity for success with your franchise Having a success oriented mindset is the key for long term growth and success with your franchise. In this article we will be showcasing all...

When Is It Time To Franchise Your Business?

When Is It Time To Franchise Your Business?

When is it time to franchise your business? Do I have to wait a certain amount of time before I can franchise my business? That is one of the questions that potential clients will ask me. The answer is NO. There is no official law that says your business should be...

5 Franchises Under $25,000

5 Franchises Under $25,000

5 Franchises Under $25,000 Finding a business that is cost efficient can be a challenge for entrepreneurs who are just starting out. Most entrepreneurs are inundated with commercials and signs from the big players in the franchise industry such as McDonald's,...

From Probation Officer to Franchise Owner

From Probation Officer to Franchise Owner

From Probation Officer to Franchise Owner The decision to go from employee to business owner is not always an easy one. It takes courage and being intentional about transitioning from employee to becoming your own boss. Here’s the story of one person who made the...

A&W Partnering for Profit

A&W Partnering for Profit

A&W Partnering for Profit When my Mom first immigrated to Canada in 1976, she had a part-time job at A&W! She tells us stories of being paid a whopping $2.25 per hour! A&W got its name from the founders Roy Allen and Frank Wright. A&W was known for...

How To Thrive As A Franchisee In The Early Years

How To Thrive As A Franchisee In The Early Years

How To Thrive As A Franchisee In The Early Years I still remember the excitement and fear of buying my first franchise! Becoming a franchisee is an exciting accomplishment with lots of opportunity to offer. Although, without a strategic plan it can end quicker than it...

Celebrities Investing in Franchises

Celebrities Investing in Franchises

From time to time, we hear of celebrities investing and partnering with up-and-coming brands. Celebrities can be growth fuel for brands. Canadian hip hop star Drake has invested in one of the most exponentially growing restaurant franchises called Dave’s Hot chicken....

When is it time to franchise your business?

When is it time to franchise your business?

Is my business franchisable? This is one of the questions I get asked often. The truth is; not all businesses are franchisable. This question has been asked by many people but this article will give you the definitive answer. Franchising a business is an exciting...

Why McDonald’s Is Leaving Walmart A lesson in leverage

Why McDonald’s Is Leaving Walmart A lesson in leverage

The pandemic has officially been present for a year now and with that brings innovative business ideas in order to keep up with the competition. McDonald’s and Walmart have been in business together for over 30 years. It was always a staple to be in a Walmart and see...

Five Reasons Why Franchises Fail

Five Reasons Why Franchises Fail

Over the past twelve years, I have been a franchise owner and the past four years have been a franchise and business consultant. Although owning a franchise is one of the best ways of getting into business, I have seen a few failures. A franchise is an optimistic...

So you think you want to franchise?

So you think you want to franchise?

In the last few months I have been talking to business owners who have been thinking about expanding their business through franchising. They are often not sure if their business can be franchised especially if it’s not a food concept or restaurant. As a franchise...

To Buy A Franchise, Know Your Net Worth

To Buy A Franchise, Know Your Net Worth

Working as a franchise and business consultant, I meet many individuals who are interested in entrepreneurship and the freedom of owning their own business. Buying a franchise is a solid path to business ownership. Last week, I was doing a consult with a prospect who...

Franchising During Civil Unrest

Franchising During Civil Unrest

Last week, I took some time to visit one of my franchise locations in Cranbrook, British Columbia, Canada. Due to issues with flying and the coronavirus, we thought it would be best for us to drive. Plus we were having beautiful weather, so why not? The trip to...

When Diversity is a Way of Life

When Diversity is a Way of Life

So there has been a lot of talk around the humanitarian crisis in the US the past few weeks as it relates to the Black Lives Matter Movement. Diversity in business has been the trending topic. Many companies are examining their diversity policy, and some have gone as...

10 Reasons to Franchise Like Coca-Cola

10 Reasons to Franchise Like Coca-Cola

Have you ever thought of franchising your business? If you said YES! Then you could become a global brand like Coca-Cola. Did you know the current practice of franchising began with Coca-Cola? Coca-Cola, which was first made in 1888, licensed its products to...

Automotive Franchises Alter Forecast

Automotive Franchises Alter Forecast

In light of Elon Musk declaring that the automaker will be restarting production at the Tesla Fremont factory because the services were considered non-essential; I wanted to shed a light on how automotive franchises are performing during the shut down. In the past...

Planning for the Economic Rebound

Planning for the Economic Rebound

I have been watching the docuseries, “The Last Dance” about Michael Jordan’s career and the Chicago Bulls team of the 1990’s. Watching Dennis Rodman rebounding skills really had me thinking about post pandemic and the economic rebound. In basketball, rebounding is one...

Operating Your Franchise During Unpredictable Times

Operating Your Franchise During Unpredictable Times

Franchisees like many other business owners have to navigate the uncertainty of COVID-19, and its effect on businesses. Business owners are dealing with challenges such as meeting payroll, loss of revenues going, managing employees, pivoting to other revenue streams...

To Launch Or Not To Launch During a Pandemic?

To Launch Or Not To Launch During a Pandemic?

To launch or not to launch? That is the question. Now many business owners can relate to how Shakespeare felt! We are now one month into the COVID-19 pandemic and there seems to be the feeling that this is the new normal. Many companies who were planning to launch new...

What It’s Like Running an Essential Business During COVID-19

What It’s Like Running an Essential Business During COVID-19

I have been an entrepreneur for three decades now. I bought my first auto repair business during the recession of 2008. Those times were challenging and we were able to survive through it. Although those were difficult times, the impact of COVID-19 has been global and...

Support for Entrepreneurs Affected by the Coronavirus COVID-19

Support for Entrepreneurs Affected by the Coronavirus COVID-19

Effective March 18, 2020, new relief measures for qualified businesses include: • Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for                    qualifying businesses; • Postponement of payments for up...

Your Small Business Is Not Uber

Your Small Business Is Not Uber

In light of the coronavirus outbreak, the impact on many small businesses has been devastating, especially when it comes to cash flow. I was watching the business news and I saw the CEO of Uber being interviewed about how he is dealing with the outbreak of Covid-19...

5 Ways to Immunize Your Business against Pandemics

5 Ways to Immunize Your Business against Pandemics

With the outbreak of the Coronavirus, there have been a lot of serious concerns about the impact the virus will have on the bottom line of many franchise or bricks and mortar retail businesses. In particular, the effect the outbreak will have on the supply chain....

Want To Increase Your Sales? Treat Your Employees Fairly!

Want To Increase Your Sales? Treat Your Employees Fairly!

Small business owners can show appreciation to their employees in ways that do not cost lots of money. According to Harvard Business Review, even a small improvement in retail employees sense that their company treats them fairly yields significant benefits in two...

Surviving the Retail Apocalypse

Surviving the Retail Apocalypse

In the last few months, I have seen the closure of a few well-known branded and smaller retail stores. Across the headlines, we are hearing about the retail apocalypse. If you have been in the malls you will notice that some familiar stores have closed out. On the...

3 Things to Consider When Buying a Franchise

3 Things to Consider When Buying a Franchise

Making the decision to get into business ownership is an important one. Choosing the right franchise that will work for you is equally important. Franchising is a reliable business model. However, not all franchises are created equally. When you are considering buying...

A Franchise is not an ATM

A Franchise is not an ATM

Buying a franchise is ideal for someone who wants to get into business. If you have the entrepreneurial spirit, purchasing a franchise is a great place to start. The business model of Franchising works because you have a proven system, a proven plan and often a proven...

Live Events are Trending in 2020

Live Events are Trending in 2020

As entrepreneurs, we spend a lot of time in our homes working alone. We are often working in our business but not in our business. Last week I spent an entire week in Ottawa Ontario. I was there for a two-day conference. I went early so that I could meet with my coach...

What Small Business Can Learn From Luxury Brands?

What Small Business Can Learn From Luxury Brands?

Our customer is the boss of us. They determine our profits and how much sales we bring into our business, and that’s the reason customer service is so important. Customer service is the act of taking care of the customer's needs by providing and delivering...

Is Your Accountant Entrepreneurial?

Is Your Accountant Entrepreneurial?

As the saying goes, there are only two things that are certain-death and taxes. As a result, Accountants are highly desired professionals. After all, everyone has to file personal or business taxes. When you think about hiring an accountant, we often look at top level...

7 Reasons to Buy an Existing Franchise

7 Reasons to Buy an Existing Franchise

Entrepreneurs who are looking to getting into a franchise often look at building a new store in a new location. The shiny new store feel and the optimism of being the first owner in a particular area are some of the reasons most people prefer getting into a new...

6 Takeaways From Oprah – Path Made Clear

6 Takeaways From Oprah – Path Made Clear

Last week I had the opportunity to hear Oprah speak live. She was in Edmonton, Alberta as a part of the Canadian tour for her bestseller, “The Path Made Clear”. She spoke about the moments throughout her life that helped direct her on her path.  Here are my top 6...

5 Lessons I Learned From my Entrepreneurial Dad

5 Lessons I Learned From my Entrepreneurial Dad

As father’s Day is approaching, I couldn’t help but reflect on all the things I learnt from my Dad about being an entrepreneur. I have watched him over the years. My Dad Lloyd Bailey has been an entrepreneur my entire life. He started his business almost 50 years ago...