Canadian Franchise May/July 2022

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expert advice: Kenny Chan | Vice President | Content & Marketing | Canadian Franchise Association

Kenny Chan is the Vice President of Content & Marketing for the Canadian Franchise Association (CFA), a national not-for-profit organization which serves to help everyday Canadians realize their dreams of building their own business through the power and opportunities in franchising. Learn more about the CFA and its programs and services at www.cfa.ca.

of Financing a Franchise The Canadian franchise landscape is evolving. Interest in self-employment has increased as a result of the pandemic and according to the Canadian Franchise Association (CFA), 94% of all Canadian prospective franchisees are looking to invest within the year. Despite months of economic uncertainty, franchising has come out as a clear frontrunner for so many Canadians reevaluating their next career move. And, for very valid reasons. Franchising offers the flexibility of entrepreneurship, backed by a proven business concept that consumers recognize and trust. We have seen many Canadians through the course of the pandemic take their career and their financial situation 34 canadian franchise magazine


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