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Risk Aversion

Many people seem to believe that being in business as a franchisee is a big risk. Nothing could be further from the truth. If you want to gamble, go to a Casino. Successful franchisees are typically risk averse. Sure, they understand and accept there is some risk, but...

Coachability

Coachability is an important key to success in many pursuits from athletes to musicians to business owners The overarching motto of franchising is: “In business for yourself, not by yourself.” We have all heard this mantra many times Most successful franchisees also...

Persistence and Curiousity

Years ago, when I started my 1st job as a Finance and Operations Controller for a small manufacturer in Ontario, I was told not to waste my time looking into in-bound and out-bound logistics across Canada and the US It was made very clear that my predecessor had just...

Why Franchises Are So Successful

Many of the risk factors and start-up problems associated with a stand alone businesses are reduced or virtually eliminated with franchise ownership. This is due primarily to the following factors: Marketing for franchises is frequently supported by brand name...