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To Buy A Franchise, Know Your Net Worth

Working as a franchise and business consultant, I meet many individuals who are interested in entrepreneurship and the freedom of owning their own business. Buying a franchise is a solid path to business ownership. Last week, I was doing a consult with a prospect who...

Franchising During Civil Unrest

Franchising During Civil Unrest

Last week, I took some time to visit one of my franchise locations in Cranbrook, British Columbia, Canada. Due to issues with flying and the coronavirus, we thought it would be best for us to drive. Plus we were having beautiful weather, so why not? The trip to...

When Diversity is a Way of Life

When Diversity is a Way of Life

So there has been a lot of talk around the humanitarian crisis in the US the past few weeks as it relates to the Black Lives Matter Movement. Diversity in business has been the trending topic. Many companies are examining their diversity policy, and some have gone as...

10 Reasons to Franchise Like Coca-Cola

10 Reasons to Franchise Like Coca-Cola

Have you ever thought of franchising your business? If you said YES! Then you could become a global brand like Coca-Cola. Did you know the current practice of franchising began with Coca-Cola? Coca-Cola, which was first made in 1888, licensed its products to...

Automotive Franchises Alter Forecast

Automotive Franchises Alter Forecast

In light of Elon Musk declaring that the automaker will be restarting production at the Tesla Fremont factory because the services were considered non-essential; I wanted to shed a light on how automotive franchises are performing during the shut down. In the past...

Planning for the Economic Rebound

Planning for the Economic Rebound

I have been watching the docuseries, “The Last Dance” about Michael Jordan’s career and the Chicago Bulls team of the 1990’s. Watching Dennis Rodman rebounding skills really had me thinking about post pandemic and the economic rebound. In basketball, rebounding is one...

Operating Your Franchise During Unpredictable Times

Operating Your Franchise During Unpredictable Times

Franchisees like many other business owners have to navigate the uncertainty of COVID-19, and its effect on businesses. Business owners are dealing with challenges such as meeting payroll, loss of revenues going, managing employees, pivoting to other revenue streams...

To Launch Or Not To Launch During a Pandemic?

To Launch Or Not To Launch During a Pandemic?

To launch or not to launch? That is the question. Now many business owners can relate to how Shakespeare felt! We are now one month into the COVID-19 pandemic and there seems to be the feeling that this is the new normal. Many companies who were planning to launch new...

What It’s Like Running an Essential Business During COVID-19

What It’s Like Running an Essential Business During COVID-19

I have been an entrepreneur for three decades now. I bought my first auto repair business during the recession of 2008. Those times were challenging and we were able to survive through it. Although those were difficult times, the impact of COVID-19 has been global and...

Support for Entrepreneurs Affected by the Coronavirus COVID-19

Support for Entrepreneurs Affected by the Coronavirus COVID-19

Effective March 18, 2020, new relief measures for qualified businesses include: • Working capital loans of up to $2 million with flexible terms and payment postponements for up to 6 months for                    qualifying businesses; • Postponement of payments for up...

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