THE FRANCHISE GUIDE
Finding the Right Franchise Fit With dozens of franchise opportunities out there to choose from, how to you know which is right for you? We take you through tips to meet your franchise match
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he franchise industry in Canada is booming. With new franchise systems coming onto the scene and established brands continuing their growth across the country, there are more options than ever for those wanting to join a system as a franchisee. From accounting to winemaking, franchises can be found in virtually every business category. This wide range of opportunities provides prospective franchisees with a great amount of choice, and a lot of questions they need to answer. One of the biggest questions prospective franchisees ask is: how do I find the franchise that best suits me? Here are three things any prospective franchisee can do to help find a franchise system that fits with their goals and passions. 1. Look in the mirror Before you start to look at franchises, you should take a good look at yourself. This will help you to focus in on what you want and need from a franchise system, and
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to identify the skills and qualities you can bring to your potential role as a franchisee. First, consider what you’re passionate about and how it could translate as a business—if you love animals, for instance, perhaps a pet grooming franchise would be of interest. As you identify ways that your passions could fit with your business goals, don’t forget to think about things that you absolutely don’t want to do. For example, if you have a passion for food, but dislike early mornings, it might make more sense to focus your investigations on restaurant franchises that don’t serve breakfast and open later in the day. Your friends and family members might be able to lend a hand as you come up with your lists. Even if you’re considering franchising as a way to move in a new direction from your current line of work, you’ll want to take stock of the skills, qualities, education, and experience that you’ll be bringing to your franchise endeavour. Not only will franchisors be interested in your background, but having a good resume of your strengths can also help you zero in on your franchise fit.
Canadian Franchise Association www.cfa.ca | www.FranchiseCanada.Online
