Are you interested in buying a franchise?
Who hasn't considered buying a franchise at one point in their lives?
Franchises allow people to become self-employed. There is also the benefit of help and support of a paren't company. If successful, a very satisfying sense of accomplishment can be achieved.
The Toronto Public Library has books that may help you decide if buying and owning a franchise is the right business decision for you. Here are a couple of titles that may be of interest:
Wilson, Tony. Buying a Franchise in Canada : Understanding and Negotiating Your Franchise Agreement. 2nd Ed. North Vancouver, B.C. : Self-Counsel Press, 2009.
Bennett, Julie. Franchise Times Guide to Selecting, Buying & Owning a Franchise. New York: Sterling Pub., c2008.
For additional information on franchises, try the following items:
Canadian Franchise Guide. Don Mills, Ont. : R. De Boo, c1983-.
A loose-leaf publication that is updated regularly.
Matthews, Joe. Street Smart Franchising. 2nd Ed. [Irvine] : Jere L. Calmes, 2011.
Norman, Jan. What No One Ever Tells You about Franchising : Real-Life Franchising Advice from 101 Successful Franchisors and Franchisees. Chicago, IL : Kaplan Pub., c2006.
You can also search the Toronto Public Library catalogue with the subject heading Franchises (Retail Trade) for more publications.
If looking for a directory of franchises, the following titles are recommended:
Bond's Franchise Guide. Oakland, CA : Source Book Publications, c1995-.
Latest edition is 2009.
Canadian Business Franchise Directory. Victoria, B.C. : CGB Pub. Ltd., 1999-.
Latest edition is 2010.
Canadian Business Franchise Handbook. Richmond Hill, Ont. : Kenilworth Media, 2005 -.
Latest edition is 2011.
If interested in meeting industry professionals and representatives, there will be a National Franchise & Business Opportunities Show in Toronto, Ontario on January 14 & 15, 2012. It will be held at the Metro Toronto Convention Centre. For more information about this upcoming two-day event, click HERE.
2 thoughts on “Are you interested in buying a franchise?”
Julie Bennett writes at the Franchise Times, here:
http://franchisetimes.com/content/story.php?article=02283
Having a franchise lets you express how good you are at leading, and it is a good instrument if plan to achieve financial freedom in the future. Since a franchise has an established business model, you’ll no longer have to worry about changing. But you must be open to new developments that you can incorporate into your business to expand your coverage.