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Showing posts from October, 2019

Top Factors that Determine the Viability of a Canadian Franchisor as Applicable to Prospective Franchise Owners

For prospective Canadian franchise owners taking a concrete step into the world of business ownership for the first time, franchises in Canada open up lucrative income opportunities. Unlike start-ups, wherein a business needs to be built up from scratch, a franchise can best be defined as a replication of a successful business, in a new location to expand sales and service area. Franchising in Canada works as it does anywhere else; a business model that allows independent businesspersons to collaborate with well-known brands and large corporations to sell products or services on their behalf, on a revenue sharing agreement. However, how does a potential franchise owner make the selection from a wide array of franchisors when in the process of buying a franchise in Canada that can meet the need for sustained self-employment and an independent source of income? Read further to know more about the various factors that determine the viability of a Canadian franchisor as applicab