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Showing posts from June, 2018

A Checklist for Aspiring Franchisees

Building a business from ground up is a daunting prospect that is fraught with challenges and risks of all sorts, the greatest of which is the risk of failure. Starting as a franchisee however is a far safer proposal than the first. But, regardless of the risk rate, it is important that you accumulate as much information possible about franchises in Canada before signing up as a franchisee. There is some information that may help diminish the risk factors to a safe level. Let’s take a look at the checklist of information that one must have in hand before starting out as a franchisee. The Money Involved This is where giant corporations lose a lot of people. Most big-buck brands have costly investment requirements that, more often than not, turns out to be unsuitable for small investors and startup enterprisers. So, before you get your hopes high about a particular brand, be sure to know their franchise fee. To that, add the cost of setup and staffing and what you have is a rou