by Andrew Hoffman | May 13, 2020 | Uncategorized
What is Discovery Day? Definition: A discovery day is an event set up by the franchisor for potential franchisees. This gives the interested buyer of the franchise the chance to meet face to face with key members of the franchisor team. Discovery Day usually takes...
by Andrew Hoffman | May 12, 2020 | Uncategorized
The following are some examples of qualifying questions you will be asked by a franchisor: • These are interesting times to start a business. In my opinion, franchising makes the most sense for a number of reasons. May I ask what is motivating your search? • Tell me...
by Andrew Hoffman | Apr 30, 2020 | Uncategorized
Do you have what it takes to succeed in business Question: I’m thinking about applying for a franchise business but I’m not really sure what it takes to succeed. What are some of the key characteristics and skills I will need to maximize my potential for success?...
by Andrew Hoffman | Apr 27, 2020 | Uncategorized
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...
by Andrew Hoffman | Apr 27, 2020 | Uncategorized
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...
by Andrew Hoffman | Apr 27, 2020 | Uncategorized
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...
by Andrew Hoffman | Apr 20, 2020 | Uncategorized
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...
by Andrew Hoffman | Apr 20, 2020 | Uncategorized
Survival is based on the ability to adapt to a changing environment and evolving circumstances Change can come in the form of slow, incremental evolution or in the form of a rapid revolution. Revolution does not inherently imply violence. It can also be rapid change...
by Andrew Hoffman | Apr 20, 2020 | Uncategorized
Today’s FRANCHISE FOR SALE Boutique Fitness Centre – 94% Member Retention Pre-market memberships 3 – 4 mths in advance of opening Each workout is a fast-paced, athletic based, training session that burns up to 1,000 calories in 50 minutes This is a...
by Andrew Hoffman | Apr 20, 2020 | Uncategorized
Today’s FRANCHISE FOR SALE Tutoring – Learning and home study challenges are all over the news and even more now Parents are concerned their children will fall behind. The demand for additional resources is high during COVID19. The demand will not decrease...
